PMP Certification Training - Project Procurement Management

The video discusses major trends in procurement, emphasizing the use of advanced tools and automation to streamline processes and manage risks. It highlights the importance of using standard contracts to minimize project risks and the strategic role of procurement in leveraging digital technologies. The video also covers tailoring considerations for unique projects and the application of agile methodologies, including shared risk models and master service agreements.

In what ways can agile projects increase the need for risk management?

What is the significance of using a shared risk model in agile projects?