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Managing Risks and Planning Deliveries   
The acquisition strategy is elaborated within a risk management framework. A risk is the possibility of exposure to the adverse consequences of future events. Risk management is a systematic approach to reducing the probability of risks and limiting the impacts of risks. 

Risk management contains the following sub-processes:

  • Risk analysis: identifies, analyses, evaluates, assesses, estimates the risks
  • Risk management planning: plans the risk management actions
  • Risk monitoring: tracks, controls, monitors the risks and the risk management actions
In ISPL, the risk mitigation strategy selection is performed using a flexible problem-solving approach called the situational approach. This aims to improve the effectiveness of the acquisition process by tailoring it to each problem situation. A tailored acquisition process is one that maximises the chances of achieving an acquisition successfully, while minimising the risks and costs. In the situational approach, risk mitigation strategy and delivery plans are adapted to the situation, its complexity and uncertainty. 

Delivery planning consists of several techniques that lead to the creation of the delivery plan within a risk management.

This book explains the service description and planning activities and their results. These results are included in the request for proposal, tender response and contract,  refer to the ISPL books on Managing Acquisition Processes and on Specifying Deliverables. It should be read by the contract authorities and service authorities from both the customers and the suppliers. 


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