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:

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· 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.

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