Based on the information in Appendix 12.1 in Larson and Gray, evaluate what type of contract(s) might be applicable to this project if you were to outsource certain aspects of your project to suppliers.

In addition to the requested items in the case, complete the following:

1.Based on the risks that you identified on the Risk Assessment Form, create a Risk Severity Matrix (see Figure 7.7 in Larson and Gray). Note that additional information beyond the information shown in Figure 7.7 may be provided. Use Microsoft Excel to complete this item.

2.Make any assumptions and document them as necessary to complete the aforementioned items.

3.Based on the information in Appendix 12.1 in Larson and Gray, evaluate what type of contract(s) might be applicable to this project if you were to outsource certain aspects of your project to suppliers. Ensure that you justify your supplier contractual decisions based the inherent risks related to your selected contract type(s). Make any assumptions and document them accordingly. Ensure that at least 350 words are provided. APA formatting is not required. Place your responses into a Microsoft Word file.