(TCO A) According to the PMBOK Guide, there are four processes in the procurement area. Describe and explain these four processes in the procurement management process for the buyer.

(TCO C) Compare and contrast a cost-plus contract to a time and materials contract. When would each be appropriate for a given project? (Points : 30)

What are the three types of procurement statements of work? When is each the appropriate for a given contract? (Points : 30)