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Critically evaluate the risks associatedwith contract and procurementmanagementapproaches and make recommendationsto global project sponsors with regard tobest practice in thisarea.2.Apply judgement and initiative inthedevelopment of best practice contractand procurement process for globalprojectmanagement, identifying the external factorsthat need to be considered and mitigated for ineveryinstance.3.Analyse the responsibilities of theprocurementmanager and project manager necessaryto ensure stakeholder satisfaction
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