Homework: Procurement
Write a 1,050 to 1,400 words paper in which you do the following:
i. Describe the project procurement planning process.
ii. Identify the most valuable output of the plan procurement process and explain why you believe it is most valuable.
iii. Explain the various contract types and describe who-buyer or seller-has the most risk for each contract type.
iv. Explain the methods that can be used to mitigate risks for each contract type.
v. Develop a project monitoring process to track procurement orders for the project.
vi. Describe a source selection criterion that would be applicable to any project.
vii. Analyze the ethical concerns that should be considered when identifying source selection criteria.
viii. Explain the role of risk management in the procurement planning process.
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.