Procurement Planning Paper

Describe the project procurement planning process.

See section 12.1 in the PMBOK Guide.

 Identify the most valuable output of the plan procurement process and explain why you believe it is most valuable.

 Explain the various contract types and describe who – buyer or seller – has the most at risk for each contract type.

 Describe a source selection criterion that would be applicable to any project and identify three criteria that would apply to most projects. See Section 12.1.3.5 in the PMBOK Guide.

 Analyze the ethical concerns that should be considered when identifying source selection criteria

 Explain the role of risk management in the procurement planning process.

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