Part II: Project Execution
Chapter 5 Risk Response Strategies
Chapter 6 Procurement Execution Strategies
After the project manager develops the risk management plan and the procurement management plan, it is time to execute the activities that have been designed in each plan, respectively. At this point, the project is underway and the project manager has documentation outlining identified risks and an analysis that suggests the probability of the risks’ occurrence and their potential impact to the project. The project manager must also have a plan for conducting procurement that outlines how purchasing and contracting will be conducted throughout the project lifecycle.
When risks have been identified and analyzed, responses need to be designed ...
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