Assignment Task: Write a 700- to 1,050-word paper in which you explain the process for conducting and closing procurements.
Include the following:
1. Explain high-level process steps for conducting project procurements.
2. Explain contract administration policies and procedures.
3. Compare the 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)
4. Analyze conflict resolution techniques used while managing contractual relationships.
5. Assess steps to be taken to close out project procurements.
6. Evaluate the importance of closing project procurements and accounts.
7. Assess external influences on the procurement and risk management process.
8. Analyze the relationship between the risk response plan and the external influences