Legally Speaking: Public Procurement’s Three Pillars of Risk Management - Pennington - Conference Proceedings 2007
نویسنده
چکیده
Risk management is activity undertaken in an organization to identify and manage threats to achieving organizational objectives. In 2004, the Committee of Sponsoring Organizations published its Enterprise Risk Management – Integrated Framework as a structured approach to risk management. Using three pillars of procurement risk management -procurement planning, solicitation and award, and contract management – this paper will summarize key legal concepts in risk management approaches used in public procurement and relevant to other supply management organizations.
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