Process for Conducting and Closing Procurements

Write a 1,400- to 1,750-word paper in which you explain the process for conducting and closing procurements. Include the following:

  • Outline and explain high-level process steps for conducting project procurements.
  • Outline and explain contract administration policies and procedures.
  • Describe tools and techniques for the contract administration process, including the following:
    • Contract change control process
    • Procurement performance reviews
    • Inspections and audits
    • Performance reporting
    • Payment process (n/30, n/60, and so forth)
    • Records management system (RMS)
  • Describe conflict resolution techniques used while managing contractual relationships.
  • Outline steps to be taken to close out project procurements.
  • Explain the importance of closing project procurements and accounts.
  • Examine external influences on the procurement and risk management process.
  • Analyze the relationship between the risk response plan and the external influences.
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