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The various activities involved in the project procurement

"The various activities involved in the Project Procurement Management processes form the life cycle of an agreement. By actively managing the agreement life cycle and carefully wording the terms and conditions of a procurement, some identifiable project risks may be shared or transferred to a seller."

Discuss this quote from the PMBOK, focusing on how it pertains to project risk management. Would this apply to the Space Shuttle Challenger disaster? Why or why not?

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Project Management: The various activities involved in the project procurement

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