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

• Describe the project procurement planning process.
• 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 risk for each contract type.
• Explain methods that can be used to mitigate the risks for each contract type.
• Develop a project monitoring process to track procurement orders for the project.
• Describe a source selection criterion that would be applicable to any project.
• 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.

See attached grading guide for reference.

Write a 1,050- to 1,400-word paper in which you do thefollowing: Describe the project procurement planning process. SeeSection 12.1 in the PMBOK? Guide. Identify the most valuable outputof the plan procurement process and explain why you believe it ismost valuable. Explain the various contract types and describewho–buyer or seller–has the most at risk for each contract type.Describe a source selection criterion that would be applicable toany project and identify three criteria that would apply to mostprojects. See Section 12.1.3.5 in the PMBOK? Guide. Analyze theethical concerns that should be considered when identifying sourceselection criteria. Explain the role of risk management in theprocurement planning process. Format your paper consistent with APAguidelines.