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.