Question: Planning procurement for medium to large scale projects involves a number of steps and requires risks specific to the procurement process to be considered. using

Planning procurement for medium to large scale projects involves a number of steps and requires risks specific to the procurement process to be considered. using academic sources this assessment asks to:
1. List and describe the main steps involved in planning procurement. Provide peer reviewed examples of project scenarios, industries or contexts where some of these steps may or may not be applicable.
2. Describe at least three risks that are specific to projects which are acquiring goods or services from outside the project, and how these risks may be managed.
Specific, real-life examples will help to demonstrate your understanding of the steps and risks, and should be incorporated into your descriptions. Research from peer-reviewed literature on risk and procurement is essential to include and will be able to provide examples and evidence from different projects, industries and contexts.

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1 Main Steps in Planning Procurement a Needs Identification Identifying the specific goods or services required for the project and understanding the projects needs and objectives For example in a con... View full answer

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