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Section 5: Signature Assignment: Project Procurement Close-Out Explanation

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Section 5: Signature Assignment: Project Procurement Close-Out Explanation
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Section 5: Signature Assignment: Project Procurement Close-Out Explanation

The closing out, completion, finalizing of a project is a complex process of checks, audits, and reviews. In the area of procurement management the actions taken to close out an individual or multiple procurement actions is time consuming and intricate process of checks and balances to ensure the project team that the good, services, materials, and personnel procured were received, action required accomplished and payment was provided to the contracted party. Many actions may be included in procurement close-out ensuring the project were properly utilized and services, actions and materials were provided in the correct quantity and at the desired time and location.

Assignment 7 Signature Assignment: Project Procurement Close-out Plan

The Signature Assignment and reflective discussion should show how you: (a) demonstrate mastery of the course material, and (b) apply this knowledge to the real world. For the Signature Assignment you (project manager) will be developing and assembling a Close-Out Plan for your project.Main Task: Design a Project Procurement Close-out Plan
Write a paper addressing the following:

  • Determine and quantify the tasks associated with the close-out of procurement contracts.
  • Focus your discussion on termination of contractual relationships and settlement of seller claims as well as the successful completion of a contract.
  • Categorize the differences in termination of contracts, settlement of claims, and the proper steps to close a successful contract.
  • To explain your project procurement close-out plan provide within the document a diagram that that will recommend your plan for the proper close-out of contract given the categorized differences between, termination, settlement of claims and the proper steps to close-out a successful contract or procurement action.
  • Keep in mind many contracts are closed out due to completion of the contract.

Support your paper with a minimum of five (5) external resources In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Length: 10-12 pages not including title and reference pages, possibly a simple diagram and a spreadsheet
Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University's Academic Integrity Policy.

Activity Resources: Kerzner, H. (2009): Chapter 11 (11.15-11.22) and review Chapter 19

  • Ritchie, B.,
This question was answered on Jun 24, 2016.Purchase Solution @ 35 USD
Section 5: Signature Assignment: Project Procurement Close-Out Explanation
Tutorial Preview …phases xx the xxxxxx project It xx the phase xxxxx requirements xxxxxxxxx xxx done xxxxx the requirement xxxxxxxxx the project xxxxx is xxxxxxx xxxxxxxx between xxxxxxx manager and xxxxxx The scope xx the xxxx xx defined xxx all the xxxxxxxxx are signed xxxxxxx the xxxxxxx xxx project xxxxxx and schedule xx also calculated xx this xxxxx xxxx is xxx of the xxxx important phases xxxxxxx entire xxxxxxxxxxxx xx the xxxxxxx is done xx this phase xxx terms xxx xxxxxxxxxx associated xxxx the project xxxxxxx is also xxxxxxxx down xx xxxx phase xxx terms and xxxxxxxxxx associated with xxx project xxxxxxxxxxx xxxx are xxxx discussed in xxxx phase Project xxxxxx or xxxxxxxxx xxxx is xxx real execution xxxxx of the xxxxxxx As xxxxxxxxx xxxxx the xxxxxxxx of the xxxxxxx is 6 xxxxxx It xxxxx xxxx the xxxxxxx would be xxxxxxxx in a xxxxxx of x xxxxx time xxx project manager xxx a key xxxx to xxxx xx this xxxxx The project xxxxxxxx in this xxxxxx would xxx xxx roles xxx responsibilities of xxx its team xxxxxxx In xxxx xxxxx the xxxx is divided xx per the xxx (Work xxxxxxxxx xxxxxxxxx The xxxxx activity in xxxx phase is xx develop xxx xxxx breakdown xxxxxxxxx Project performance xxx control This xx the xxxxx xxxx starts xx the later xxxx of project xxxxxxxxx The xxxxxxxxxxx xx the xxxxxxx should be xxxxxxxx from the xxx project xxxxxxxxx xxxxxx To xxxx the project xx track, there xxxxxx exist xxxxxxxxx xxxxxxxxxx of xxx project The xxxxxxxxxxx of the xxxxxxx should xx xxxxxxxx again xxxx of the xxxxxxxxx Project closure xxxxx project xxxxx xxx completed xxx the client xxx approved the xxxxxxxx an xxxxxxxxxx xx necessary xx highlight project xxxxxxx and/or learn xxxx project xxxxxxx xx this xxxx the project xxxxxxx would involve xx inspection xxxx xxx family xxxxxxx The family xxxxx see the xxxxx and xxxxx xx the xxxxxxxxxx of house xxx project would xx closed xx x best xxxxxxxxx the entire xxxxxxx of the xxxxxxx is xxx xxxx at xxx beginning of xxx project In xxx project xxxxxxxxx xxxxx the xxxxxx would do xxxx 30% of xxx payment xx xxxxxxx payment xxx entire payment xxxxx be done xx 3 xxxxxxxxxxxx xxxxx installments xxx be defined xxx Payment 1: xxx of xxx xxxxx cost, xx would be xxxx at the xxxxxxxxx of xxx xxxxxxx This xx the advance xxxxxxx done by xxxxxx Payment xx xxx of xxx total payment, xx would be xxxx after xxx x months xxxx payment would xx done when xxx project xx xxxxxxxxx 50% xxxxxxx 3: 30% xx the total xxxxxxxx it xxxxx xx done xx the end xx the project xxxx payment xxxxx xx done xxxx both the xxxxxxx agree upon xxx project xxxxxxxxxx xxxx payment xxxxx be done xxxxx the closure xx the xxxxxxx xxx timelines xx the project xxx be shown xxx Project xxxxxxxxx xxxxxxxxxx M0 xx M2 M3 xx M5 M6 xx Project xxxxxxxxxx xxx initiation xxxxxxx definition and xxxxxxxx Project launch xx execution xxxxxxx xxxxxxxxxxx and xxxxxxx Project Closure xx shown in xxx above xxxxxxx xxxxxxxxx the xxxxxxx performance and xxxxxxx goes hand xx hand xxxx xxx project xxxxxx and execution xxx project closure… Attachments
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Preview: at xxx beginning xx the project xx the project xxxxxxxxx above xxx xxxxxx would xx only 30% xx the payment xx advance xxxxxxx xxx entire xxxxxxx would be xxxx in 3 xxxxxxxxxxxx These xxxxxxxxxxxx xxx be xxxxxxx as:Payment 1: xxx of the xxxxx cost, xx xxxxx be xxxx at the xxxxxxxxx of the xxxxxxx This xx xxx advance xxxxxxx done by xxxxxx Payment 2: xxx of xxx xxxxx payment, xx would be xxxx after the x months xxxx xxxxxxx would xx done when xxx project is xxxxxxxxx 50% xxxxxxx xx 30% xx the total xxxxxxxx it would xx done xx xxx end xx the project xxxx payment would xx done xxxx xxxx the xxxxxxx agree upon xxx project deliveries xxxx payment xxxxx xx done xxxxx the closure xx the project xxx timelines xx xxx project xxx be shown xxxxxxxxxx TimelinesActivitiesM0M1M2M3M4M5M6M7Project conception xxx initiationÂ

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