NOTE: This option will focus on procurement planning within projects and include discussion, and analysis of the procurement manager’s role within the project. You may want to select this option if you are majoring in project management.For this option you will write a paper presenting a project procurement scenario from the project management perspective (example – you are leading a project that needs to purchase materials, services, or resources). The paper will be based on procurement as defined by A guide to the project management body of knowledge (PMBOK®). You must include the following elements:Plan Procurement ManagementConduct ProcurementsControl ProcurementsClose Procurements.Your paper must have:An introduction. Use your introduction to summarize and define your topic, including a clear statement of the procurement goal.The discussion or body. The body of the paper must include:A discussion of the implications of proposed solutions for procurement and contracts.A discussion of how procurement works within project teams to facilitate the needs of projects. Your evaluation and conclusions regarding possible methods of managing or addressing the problem raised by your opinion on the issues (supported by research).Current, relevant research from at least six to eight credible sources that are not used as readings in this course. At least three references must be peer-reviewed, scholarly sources, and the rest may be trade or professional procurement management sources. You may certainly use your textbook and course readings, but these do not count as part of the required six to eight sources. The CSU-Global Library is a good place to find your resources. Cite and reference all sources used.The paper is expected to provide thoughtful analysis on the topic. Relate your paper to broader procurement and contract management issues, as discussed throughout the course. You are encouraged to add your own opinions, but those opinions should be carefully considered and supported by evidence. You are building on the work you’ve completed in the discussion forums and Critical Thinking Assignments. Be sure to incorporate feedback you have received along the way.A conclusion.Note: This project has two Portfolio Milestones:By the end of Week 3 you should secure approval from your instructor regarding your scenario.By the end of Week 5, submit a detailed outline of your Portfolio Project paper for review and feedback from your instructor.You will be expected to account for the instructor’s feedback in your final version of the paper.Your paper should be eight to ten pages in length (not counting the cover and reference pages that you must include), well-written, and formatted according to the CSU-Global Guide to Writing and APA Requirements.