Describe the purpose of a Procurement Management Plan and thekey elements that every project manager

Describe the purpose of a Procurement Management Plan and thekey elements that every project manager should address whencreating a Procurement Management Plan. Describe the purpose of and the key elements of a contract. Select two types of contracts, describe the pros and cons ofeach, and explain how risk is assumed in each of these contractstrategies. Describe the purpose of a make/buy analysis. Provideexamples/scenarios when you might choose the “make” option as aproject manager. Provide examples/scenarios when you might chooseto the “buy” option Attached

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