Question: 1. Read PMBOK -6th edition-Procurement Management pp. 459-481 and answer the following questions: What are the trend and emerging practices in procurement practices? 2. How

1. Read PMBOK -6th edition-Procurement Management

1. Read PMBOK -6th edition-Procurement Management pp. 459-481 and answer the following questions: What are the trend and emerging practices in procurement practices? 2. How would the content of project charter contribute to procurement planning? What about resource requirements? 3. Explain the differences among different Fixed price contracts?(FFP, FFIP & FFEPA) 4. Explain the differences among different Cost Plus contracts? (CPFF, CPIF, CPAF) 5. Explain the differences between source selection analysis methods? 6. Give some examples clarifying procurement strategies? Provide some examples for when TOR is generated? 8. What is the use of independent cost estimate? Provide examples

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