Primary Task Response: Within the Discussion Board area, write 600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

ACME Development Corporation (ADC), a developer of custom homes and apartment complexes, has decided to standardize its project management practices and processes across its national organization. The goal is to standardize a single project scheduling tool and to have the tool installed and operational within 90 days. To this end, the company is forming a central project management office (PMO).

Until now, project managers (there are 40 presently on staff, distributed all over the United States) have been able to use whatever scheduling tool they liked, within their budget constraints. They have also been able to buy equipment and engage contractors at will. The PMO will determine one scheduling tool that allproject managerswill be expected to use, exclusive of any other scheduling tools. The PMO will also develop and implement a standardized procurement process. Because theproject managersare located across the United States, a Web-based solution is likely to be the most successful tool.

As the project manager, you have been charged with implementing the procurement process.

Risks are common in procurement management. Project Management: The Managerial Process (8th ed.) is a good resource to identify procurement risks. Once a person has identified the risks, there is a process to mitigate the risks. Risk assessment will help us assess the risks' probability and impact. Risk development is the next step in the process to help us decide how to handle the risks.

• Identity and describe at least4 project risks.
• Explain the probability and impact of each risk.
• Discuss how you will address each risk and why.
• PLEASE GIVE REFERENCES!! THANK YOU