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Write a 3- to 4-page paper describing how the team would apply the tools and techniques in procurement management and risk management to the project.

  • Project Procurement Management Processes
  • Plan Procurements
  • Conduct Procurements
  • Contracts between Sellers and Buyers
    • Fixed-price or lump-sum contracts
    • Cost-reimbursable contracts
    • Time and materials (T&M) contracts
  • Administer Procurements
  • Close Procurements
  • OutSourcing
    • Managing the Outsourcing Relationship

Risk Management

  • Plan Risk Management
  • Identify Risks
  • Perform Qualitative Risk Analysis
  • Perform Quantitative Risk Analysis
  • Plan Risk Responses
  • Monitor and Control Risks

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