Assignment: Contract Process
Write a 1,400 to 1,750 words paper in which you explain the process for conducting and closing procurements. Include the following:
I. Outline and explain high-level process steps for conducting project procurements.
II. Outline and explain contract administration policies and procedures.
III. Describe tools and techniques for the contract administration process, including the following:
i. Contract change control process
ii. Procurement performance reviews
iii. Inspections and audits
iv. Performance reporting
v. Payment process (n/30, n/60, and so forth)
vi. Records management system (RMS)
IV. Describe conflict resolution techniques used while managing contractual relationships.
V. Outline steps to be taken to close out project procurements.
VI. Explain the importance of closing project procurements and accounts.
VII. Examine external influences on the procurement and risk management process.
VIII. Analyze the relationship between the risk response plan and the external influences.
Format your assignment according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.