I’m studying for my Management class and don’t understand how to answer this. Can you help me study?
Your textbook identifies key areas in executing purchases, and your PMBOK Guide reading for the week discusses strategies for overall project risk. Address the following in this discussion:
Identify a project of interest to you. Discuss the key areas involved in executing purchases and explain why some of these areas pose a negative risk to the project.
Which risk treatment strategies would you recommend to the project sponsor or the project team for implementation?
Provide examples, citing different examples than those provided in your textbooks, in your lecture material, and by your classmates.
Support your positions with at least one current (no older than five years) scholarly source, beyond the course materials and textbooks