Complete the following components of the Project Management Plan:

timer Asked: Oct 18th, 2014

Question description

Complete the following components of the Project Management Plan:

  • Procurement Plan: One strategy for risk mitigation is to transfer it to another entity. Outsourcing is transferring the risk to the other company. Procurement also includes hiring contractors if there is not enough internal staff to perform the work required. Consider this aspect during the planning process, because a contracting process in your organization may require a contract manager to be involved. Be sure the project manager is involved in the contract negotiation with any vendor so that, not only the work requirements are included in the contract, but also any project management efforts with which the vendor must comply. Remember if it is not in the contract, they do not have to do it.

Studypool has helped 1,244,100 students
flag Report DMCA
Similar Questions
Hot Questions
Related Tags

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors