Describe purpose of and key elements of contract

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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.

Reference no: EM132124665

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Describe purpose of and key elements of contract : Describe the purpose of and the key elements of a contract.

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