Describe the project procurement planning process.
Write a 1,050- to 1,400-word paper in which you do the following:Describe the project procurement planning process.
Identify the most valuable output of the plan procurement process and explain why you believe it is most valuable.
Explain the various contract types and describe who–buyer or seller–has the most risk for each contract type.
Explain methods that can be used to mitigate the risks for each contract type.
Develop a project monitoring process to track procurement orders for the project.
Describe a source selection criterion that would be applicable to any project.
Analyze the ethical concerns that should be considered when identifying source selection criteria.
Explain the role of risk management in the procurement planning process.
Format your paper consistent with APA guidelines.
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…………………..Answer preview……………………
Project procurement planning is the process of making and documenting decisions to purchase project requirements, the methods that will be used and identifying the potential sellers before conducting the actual buying of those requirements. The importance of this process is it enables the team to stay within a specified budget and ensure timely deliverance of the project(Burke, 2013). It involves the following four steps:……………..
APA
1186 words
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