FORMATIVE ASSESSMENT 2 [100 Marks] PROJECT TASK For an upcoming project of your choice, develop a procurement management plan that will ensure the timeous availability of required resources for successful task execution in order to meet the desired project outcomes. Be sure to include all processes and activities that enable the project manager to acquire the goods and supplies required to perform the projects scope of work. As a project manager, you need to ensure further that consideration is given to quality and timeframe requirements when planning the procurement of required resources. Additionally, highlight the inputs; tools and techniques; and the outputs that are considered essential as they contribute in influencing the decisions to be made throughout the procurement management processes. Answer ALL the questions in this section. Question 1 (20 Marks) Procurement Planning-determining what to procure and when. Question 2 2.1 Solicitation Planning-documenting product requirements and identifying potential sources. (15 marks) 2.2 Solicitation-obtaining quotations, bids, offers, or proposals as appropriate. (15 Marks) (15 marks) Question 3 (20 Marks) Source Selection-choosing from among potential sellers. Question 4 4.1 Contract Administration-managing the relationship with the seller. (15 marks) 4.2 Contract Close-out-completion and settlement of the contract. (15 marks)