The Project Procurement Management processes include the following:

Plan Purchases and Acquisitions - determining what to purchase or acquire and determining when and how.

Plan Contracting - documenting products, services, and results requirements and identifying potential sellers.

Request Seller Responses - obtaining information, quotations, bids, offers, or proposals, as appropriate.

Select Sellers - reviewing offers, choosing among potential sellers, and negotiating a written contract with each seller.

Contract Administration - managing the contract and relationship between the buyer and seller , reviewing and documenting how a seller is performing or has performed to establish required corrective actions and provide a basis for future relationships with the seller, managing contract-related changes and, when appropriate , managing the contractual relationship with the outside  buyer of the project.

Contract Closure - completing and settling each contract, including the resolution of any open items, and closing each contract applicable to the project or a project phase 

I. Inputs

• Risk management plan


• Risk register


• Approved change requests


• work performance information


• performance reports

II. Tools and Techniques

• Risk reassessment


• Risk audits


• Variance and trend analysis


• Technical performance measurement


• Reserve analysis


• Status meetings

III. Outputs

• Risk register (updates)


• Requested changes


• Recommended corrective actions


• Recommended preventive actions


• Organizational process assets (updates)


• Project management plan (updates)

I. Inputs

• Risk management plan


• Risk register

II. Tools and Techniques

• Strategies for negative risk or threats


• Strategies for positive risks or opportunities


• Strategies for both threats and opportunities


• Contingent response strategy

III. Outputs

• Risk register (updates)


• Project management plan (updates)


• Risk - related contractual agreements

I. Inputs

• Organizational process assets


• Project scope statement


• Risk management plan


• Risk register


• Project management plan

                 - Project schedule management plan

                 - Project cost management plan

II. Tools and Techniques

• Data gathering and representation techniques


• Quantitative risk analysis and modeling techniques

III. Outputs

• Risk register (updates)

I. Inputs

• Organizational process assets


• Project scope statement 


• Risk management plan


• Risk register

II.  Tools and Techniques

• Risk probability and impact assesment


• Probability and impact matrix


• Risk data quality assessment


• Risk categorization 


• Risk Urgency assessment

III. Outputs

• Risk register (updates)

I. Inputs

• Enterprise environmental factors


• Organizational process assets


• Project scope statement


• Risk management plan


• Project management plan

II. Tools and Techniques

• Documentation reviews


• Information gathering techniques


• Checklist analysis


• Assumptions analysis


• Diagramming techniques

III. Outputs

• Risk register

I. Inputs

• Enterprise environmental factors


• Organizational process assets


• Project Scope statement


• Project Management plan

II. Tools and Techniques

• Planning meetings and analysis

III. Outputs

• Risk Management Plan

The Project Risk Management Processes include the following:

Risk Management Planning - Deciding how to approach , plan, and execute the risk management activities for a project

Risk Identification - Determining which risks might affect the project and documenting their characteristics.

Qualitative Risk Analysis - Prioritizing risks for subsequent further analysis or action by assessing and combining their probability of occurrence and impact

Quantitative Risk Analysis - Numerically analyzing the effect on overall project objectives of identified risks

Risk Response Planning - Developing options and actions to enhance opportunities , and to reduce threats to project objectives.

Risk Monitoring and Control - Tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans, and evaluating their effectiveness throughout the project life cycle.