Complete the following components of the Project Management Plan:Procurement Plan: One strategy for risk mitigation is to transfer it to another entity. Outsourcing is transferring the risk to the other company. Procurement also includes hiring contractors if there is not enough internal staff to perform the work required. Consider this aspect during the planning process, because a contracting process in your organization may require a contract manager to be involved. Be sure the project manager is involved in the contract negotiation with any vendor so that, not only the work requirements are included in the contract, but also any project management efforts with which the vendor must comply. Remember if it is not in the contract, they do not have to do it.
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