1. Plan procurement management involves documenting of project procurement decisions, specifying the approach, and identifying potential sellers. It also determines whether to acquire outside support, and if so, raises the following questions; what to acquire, how to acquire it, how much is needed, when to acquire it, who does the procurement and whether the resources are available and from where and when? Based on the aforementioned statement, discuss tools and techniques of procurement planning.
2. With relevant examples explain the different types of contracts as used in projects.