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