Procurement Planning Paper

Write a 1,050- to 1,400-word paper in which you do the following:

  • 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 thePMBOK® 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.

Format your paper consistent with APA guidelines.