Question: Review the process of procurement within PMBOK, and answer the following questions. Describe two outputs in the conduct procurements process of project procurement management. What

Review the process of procurement within PMBOK, and answer the following questions.

  1. Describe two outputs in the conduct procurements process of project procurement management.
  2. What is a fixed price contract and when is it best to use?
  3. What is a cost-reimbursable contract and when is it best to use?
  4. How does a project manager determine the best approach to contracting?

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