Procurement Planning Paper

Write a 1,050- to 1,400-word paper in which you do the following: 

• Describe the project procurement planning process. See Section 12.1 in the PMBOK^®Guide. 

• Identify the most valuable output of the plan procurement process and explain why you believe it is most valuable. 

• Explain the various contract types and describe who--buyer or seller--has the most at risk for each contract type. 

• Describe a source selection criterion that would be applicable to any project and identify three criteria that would apply to most projects. See Section 12.1.3.5 in thePMBOK^® Guide. 

• Analyze the ethical concerns that should be considered when identifying source selection criteria. 

• Explain the role of risk management in the procurement planning process. 

Format your paper consistent with APA guidelines.