I need help with points number 5 & 6

1. Procurement Risks
2. Procurement Risk Management

Topic: to develop Mobile Banking application for Bank

I NEED ONLY SECTIONS 5 AND 6

but I added whole template for reference

and also added project description pic

AutoSave OFF A H . CG ... w Procurement Management Plan Template Updated-1 Q Home Insert Draw Design Layout References Mailings Review View Tell me LE Share Comments Arial 18 AA Aa Ap AaBbCcDde Aa BbCcDdEe AaBbCcDdEe Paste B I Uvab X2 X ADVAv Emphasis Heading2 Normal Styles Dictate Sensitivity Editor Pane VERSION HISTORY [Provide information on how the development and distribution of the Procurement Management Plan was controlled and tracked. Use the table below to provide the version number, the author implementing the version, the date of the version, the name of the person approving the version, the date that particular_version was approved, and a brief description of the reason for creating the revised version.] Version Implemented Revision Approved Approval Reason # By Date By Date 1.0 INTRODUCTION The purpose of the Procurement Management Plan is to define the procurement requirements for the project and how it will be managed from developing procurement documentation through contract closure] 2 Procurement Management Approach The Procurement Management Plan should be defined enough to clearly identify the necessary steps and responsibilities for procurement from the beginning to the end of a project. The project manager must ensure that the plan facilitates the successful completion of the project and does not become an overwhelming task in itself to manage.] 3 Procurement Definition The purpose of procurement definition is to describe, in specific terms, what items will be procured and under what conditions. This section is where these tems must be listed, justified, and the conditions must be set. Any important technical information should also be included. Individuals may also be listed with authority to approve purchases in addition to or in the absence of the project manager.] Item/Service Justification Needed By Item A Item B Item C Page 2 of 4 814 words X English (United States) Focus E + 100%EB Procurement Management Plan Template Updated Home Insert Draw Design Layout References Mailings Review View Q Tell me LEShare DComments . ' 1 E\" [XE 'A'ia' V' 11 V' A Av Aa" A0 :3 " 5: " '7 ' E E 9i AaBchDdEe AoBthDdEe AaBchDdEe' ) Q k!) i g , E h. H d, 2 l N I . . Paste 6 B I g v ab X; X A v I v A v mp asrs ea mg 73",\AutoSave OFF A A ? CG ... wa Procurement Management Plan Template Updated-1 Q Home Insert Draw Design Layout References Mailings Review View Tell me LE Share Comments Arial 11 AA Aav Ap AL AaBbCcDdEe Aa BbCcDdEe AaBbCcDdEe Paste B I Uvab X2 X ADVA v Emphasis Heading2 Normal Styles Dictate Sensitivity Editor Pane 10 Contract Approval Process The purpose of this section is to define the process through which contracts must be approved. This section should clearly identify the rules for all procurements within your organization.] Revision Date: Error! Unknown document property name. Page 3 of 4 CDC_UP_Project_Management_Plan_Template_LITE.doc Project Charter Version: 11 Decision Criteria The purpose of this section is to define the criteria used by the contract review board to decide on what contract(s) to award. Again, these criteria may vary between organizations but must be defined as part of the Procurement Management Plan.] 12 Vendor Management [The purpose of this section is to describe the roles and actions the project team and purchasing and contracts department will take to ensure that the selected vendors provide all of the products/services agreed upon and that the appropriate levels of quality are maintained.] 13 Performance Metrics for Procurement Activities This section describes the metrics to be used for procurement activities associated with the project. These metrics may be used to ensure the project stays on schedule regarding procurement activities. They may also be used to compile data on the performance of various vendors in order to assist with future procurement activities' vendor selection criteria.] Vendor Product On Time Documentation | Development | Development Cost Transactional Quality Delivery Quality Costs Time Efficiency Unit Vendor #1 Vendo #2 1 - Unsatisfactory Page 3 of 4 814 words x English (United States) Focus + 100%AutoSave OFF A H . CG ... w Procurement Management Plan Template Updated-1 Q Home Insert Draw Design Layout References Mailings Review View Tell me LE Share Comments Arial 11 AA Aa A AaBbCcDdEe AaBbCcDdEe AaBbCcDdEe Paste B I Uvab X2 X ADVAv Emphasis Heading2 Normal Styles Dictate Sensitivity Editor Pane LOL 14 venaor Management The purpose of this section is to describe the roles and actions the project team and purchasing and contracts department will take to ensure that the selected vendors provide all of the products/services agreed upon and that the appropriate levels of quality are maintained.] 13 Performance Metrics for Procurement Activities This section describes the metrics to be used for procurement activities associated with the project. These metrics may be used to ensure the project stays on schedule regarding procurement activities. They may also be used o compile data on the performance of various vendors in order to assist with future procurement activities' vendor selection criteria.] Vendor Product On Time Documentation Development Development Cost Transactional Quality Delivery Quality Costs Time per Efficiency Vendor #1 Vendor # 2 1 - Unsatisfactory 2 - Acceptable 3 - Exceptional 14 Sponsor Acceptance [The undersigned acknowledge they have reviewed and approve the procurement management plan for the Sample Project. Changes to this procurement management plan will be coordinated with and approved by the undersigned or their designated representatives]. Revision Date: Error! Unknown document property name. Page 4 of 4 CDC_UP_Project_Management_Plan_Template_LITE.doc Page 4 of 4 814 words X English (United States) Focus + 100%I' MicrosoftTeams Edit View Window Help > SatJu|23 7223PM ,