PJM410 MOD8 Discussion Post:Please reply to the below discussion post in at least 250 words.RequiredChapter 13 in Project Risk Management: A Practical Implementation ApproachChapter 3 in A Guide to the Project Management Body of Knowledge (PMBOK® guide) (6th ed.)RecommendedFabricius, G., & Büttgen, M. (2015). Project managers' overconfidence: how is risk reflected in anticipated project success? Business Research, 8(2), 239-263. doi:10.1007/s40685-015-0022-3Hofman, M., Spalek, S., & Grela, G. (2017). Shedding new light on project portfolio risk management. Sustainability, 9(10), 1798. doi:10.3390/su9101798 Retrieved from http://www.mdpi.com/2071-1050/9/10/1798/pdfReferencesBissonette, M. (2016). Project risk management: A practical implementation approach. Newtown Square, Pennsylvania: Project Management Institute. Kumar, V. S. (2009). Essential leadership skills for project managers. Retrieved from https://www.pmi.org/learning/library/essential-leadership-skills-project-managers-6699.Larson, E. W. & Gray, C. F. (2018). Case Study 7.3. In Project management the managerial process (5th ed., pp. 255-256). New York, NY: McGraw-Hill Education. Project Management Institute. (2017). A guide to the project management body of knowledge: (PMBOK® guide) (6th ed.).Newtown Square, PA, USA: Project Management Institute. Project Management Institute. (2009). Practice standard for project risk management. Newtown Square, Pa: Project Management Institute. POST:Project documentation, scheduling, and planning are vital to the success of any project, but the risk management plan is executed through monitoring and controlling. As a project manager, what method will you use to monitor project risks? How can the results of risk management be used to gain further support for risk management in your organization?

http://farsite.hill.af.mil/vffara.htm FAR Website Using the situation provided below, students will identify a strategy for each procurement.APA StandardsStudents are responsible for APA only for in-text citations and a reference list. Therefore, students will follow the instructions as stated below. Required Formatting of Assignment 2:This assignment is NOT a paper. You may list each scenario and provide your selected strategy together with an explanation of why that strategy is bestWrite in the third person;Include specific FAR paragraph references in your explanationInclude a separate reference page.Submit the assignment in the Assignment Folder. (The assignment submitted to the Assignment Folder will be considered a student’s final product and therefore ready for grading by the instructor. It is incumbent upon the student to verify the assignment is the correct submission. No exceptions will be considered by the instructor.)NOTE:All submitted work is to be your original work. You may not use any work from another student, the Internet or an online clearinghouse. You are expected to understand the Academic Dishonesty and Plagiarism Policy, and know that it is your responsibility to learn about instructor and general academic expectations with regard to proper citation of sources as specified in the APA Publication Manual, 6th Ed. (Students are held accountable for in-text citations and an associated reference list only). SituationYou are the senior contracts personnel in a United States Government (USG) department. After a department meeting, your group was asked to review all the contracting activities that your department will be responsible for in the next year. You are to present your recommendations to the entire staff at the next meeting. Attending the meeting is the entire contract and procurement staff.As you go down the list of approved business activities (that is, activities that will be completed via contracting and for which funding has been approved), you need to determine what types of procurements you will conduct. The decisions to make are:a sealed bid process, ora two-step sealed bid process, ora negotiated procurement.Required Elements to include in the Situation –In your response, you will discuss which strategy you would choose for each procurement and why.Your programs are:painting and re-carpeting a 3-story office building for your staffinventory and supply of standard office supplies to be delivered monthlya new computer system to replace the current HW and SW suites used in the Accounting Department with approximately 300 peoplelandscaping and snow removal services around the buildings for the yearmaintenance of your department-owned emergency power generation systemT-shirts and hats with logos for the department softball leagueDue Date Jul 16, 2017 11:59 PMHide RubricsRubric Name: Written Assignment (20%)CriteriaOutstandingSuperiorGoodSubstandardFailureCritical Thinking/Reasoning7 pointsComments reflect a highly accomplished level of analysis, synthesis, evaluation and reasoning of the case material and case study facts resulting in accurate, thorough, and soundly reasoned conclusions.(6.3 - 7)5.95 pointsComments reflect an excellent level of analysis, synthesis, evaluation and reasoning of the case material and case study facts resulting in accurately reasoned conclusions.(5.6 - 6.29)5.25 pointsComments reflect a satisfactory level of analysis, synthesis, evaluation and reasoning of the case material and case study facts resulting in partially correct conclusions that lack development or detail that demonstrates insight into reasoning.(4.9 - 5.59)4.55 pointsComments reflect an unsatisfactory level of analysis, synthesis, evaluation and reasoning of the case material and case study facts, resulting in conclusions that are underdeveloped or lack soundly reasoned conclusions.(4.2 - 4.89)0 pointsComments reflect an unsatisfactory level of analysis, synthesis, evaluation and reasoning of the case material and case study facts, resulting in failure to draw little to no conclusions.(0 - 4.19)Application of Resources7 pointsPresents exceptionally well-supported arguments or positions with evidence from the readings/experience; ideas go beyond the course material and recognize implications and extensions of the material and concepts.(6.3 - 7)5.95 pointsPresents excellent arguments or positions that are mostly supported by evidence from the readings and course content; ideas presented demonstrate understanding of the material and concepts.(5.6 - 6.29)5.25 pointsSatisfactory arguments or positions are presented but there is a mix of opinion or unclear view with supported arguments using course readings. Case study facts are occasionally used but arguments would be much stronger with use of facts.(4.9 - 5.59)4.55 pointsArguments are frequently illogical and unsubstantiated; Limited use of facts in case study and essential information presented in course readings.(4.2 - 4.89)0 pointsArguments lack meaningful explanation or support of ideas. Does not provide facts presented in case study.(0 - 4.19)Attention to Instructions3 pointsDemonstrates exceptional understanding of requirements responding completely to each aspect of assignment including minor aspects of the assignment such as using third person writing, required use of course readings, and assignment format.(2.7 - 3)2.55 pointsDemonstrates excellent understanding of requirements; missed one minor aspect of assignment.(2.4 - 2.69)2.25 pointsDemonstrates satisfactory understanding of requirements; missed a key element or two minor aspects of assignment.(2.1 - 2.39)1.95 pointsFails to show a firm understanding of requirements; missed two key elements or several minor aspects of assignment.(1.8 - 2.09)0 pointsFails to demonstrate understanding of assignment requirements.(0 - 1.79)Writing Mechanics2 pointsStrictly adheres to standard usage rules of written English, including but not limited to capitalization, punctuation, run-on sentences, missing or extra words, stylistic errors, spelling and grammatical errors. No errors found. No contractions or jargon used.(1.8 - 2)1.7 pointsExcellently adheres to standard usage of mechanics: conventions of written English, including capitalization, punctuation, and spelling. One to three errors found.(1.6 - 1.79)1.5 pointsSatisfactorily adheres to standard usage rules of mechanics: conventions of English, including capitalization, punctuation, and spelling. Four to 10 errors found.(1.4 - 1.59)1.3 pointsMinimally adheres to standard usage rules of mechanics: conventions of written English, including capitalization, punctuation, and spelling. More than 10 errors found.(1.2 - 1.39)0 pointsDoes not adhere to standard usage rules of mechanics: conventions of written English largely incomprehensible; or errors are too plentiful to count.(0 - 1.19)Adherence to APA Style (6th ed.)1 pointNo APA style or usage errors; Proper citation of source material is used throughout paper; Reference titles follow APA with only the first word, the first word after a colon and proper nouns capitalized.(0.9 - 1)0.85 pointsAttempts in-text citations and reference list but one or two APA style errors noted or fails to use APA citations when appropriate 1-2 times.(0.8 - 0.89)0.75 pointsAttempts in-text citations and reference lists; APA style errors are noted throughout document; Fails to use APA citations when appropriate 3 times in document.(0.7 - 0.79)0.65 pointsAttempts in-text citations and reference lists; Fails to use APA citation when appropriate 4-5 times; or presents only 1-2 in-text citations and reference list in a paper that requires APA citations throughout the document.(0.6 - 0.69)0 pointsNo attempt at APA style; or attempts either in-text citations or reference list but omits the other.(0 - 0.59)Overall ScoreOutstanding18 or moreSuperior16 or moreGood14 or moreSubstandard12 or moreFailure0 or more