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Managing Procurement, Planning and Risk in Projects
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Managing Procurement, Planning and Risk in Projects

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Managing Procurement, Planning and Risk in Projects

Developing a project plan, which may go through several iterations, should result in a coherent document that includes strategic planning and can be used to guide both the project execution and project control. Project planning must be systematic, flexible enough to handle unique activities, disciplined and capable of accepting multifunctional inputs. Planning must be performed throughout the life of the project and must completely define all work required. Project procurement involves identifying and managing the supply chain successfully while also administering the contracts. Managing risk factors occurs throughout the project with the objective of increasing positive events and minimizing the impact of negative events.

A Classroom course provided by California State University Fullerton in Fullerton, Garden Grove, Irvine, California, United States

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