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Importance of closing project procurements and accounts

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Reference no: EM133081454

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 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)

- 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.

Reference no: EM133081454

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