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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