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Introduction

Public procurement is a key function in the public sector. Therefore, the possibility of risks affecting public procurement can significantly affect the quality and quantity of public services governments can provide. This chapter reviews the wide range of risks, including both risks to the procurement process itself as well as broader risks to project or service delivery and how to mitigate them.

Learning Objectives

Upon successful completion of this chapter, you will be able to:

  1. Explain the concept of risk.
  2. Identify various challenges that must be anticipated in the public buying role.
  3. Explore risk management strategies to mitigate risks associated with the supply chain and public buying.
  4. Understand business risk from a legal perspective and apply a simple risk evaluation model.

Public Procurement Playbook

Watch this video to learn more about managing risk in the supply chain.

Source: AIMS Education, UK. (2022, January 14). Supply Chain Risk Management Process: Analysis, Assessment & 7 Critical Risk Factors – AIMS UK. [Video]. YouTube. https://www.youtube.com/watch?v=7-jpmngs6aw

 

License

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Introduction to Public Procurement Copyright © 2024 by Jennifer Misangyi is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

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