Describe the purpose of a Procurement Management Plan and the key elements that every project manager should address when creating a Procurement Management Plan.
Describe the purpose of and the key elements of a contract.
Select two types of contracts, describe the pros and cons of each, and explain how risk is assumed in each of these contract strategies.
Describe the purpose of a make/buy analysis. Provide examples/scenarios when you might choose the “make” option as a project manager. Provide examples/scenarios when you might choose to the “buy” option.