Present flowchart showing how to properly close-out contract

Assignment Help Project Management
Reference no: EM13921508

Design a Project Procurement Close-out Plan
 
Write a paper in which you:

• Identify and discuss the tasks associated with the close-out of procurement contracts.

• Discuss the termination of contractual relationships and settlement of seller claims.

• Explain how to determine if all requirements of a procurement contract have been fulfilled by the buyer and the seller.

• Present a flowchart showing how to properly close-out a contract.

• Discuss how invoices that have not been submitted by vendors or that have been submitted by vendors but not yet paid should be handled.

• Identify any three of the questions listed in the "procurement management conformance" (Westland, 2007) checklist found on page 213 of the book "Project Management Life Cycle: A Complete Step-by-Step Methodology for Initiating, Planning, Executing and Closing a Project Successfully" (2007) and reflect on the importance of asking these questions when closing procurement contracts and completing the project.

Reference no: EM13921508

Questions Cloud

Why should sue pay for the engineer : Would it be in Sue and John's joint interest to hire the engineer? Explain. Why should Sue pay for the engineer? Isn't it John's responsibility to assure that he will comply with the contract?
Depreciated using straight-line depreciation : BMT has developed a new product. It can go into production for an initial investment of $4,000,000. The equipment will be depreciated using straight-line depreciation over 4 years to a value of zero.
Significant investment of time, money : For the past 28 years, ABC, Inc. has made a significant investment of time, money, and other resources to increase the literacy rate in adult Americans. This represents which of these principles of successful collaborative social initiatives?
Prepare the statements using a vertical statements format : Prepare an income statement, statement of changes in equity, balance sheet, and statement of cash flows for the 2013, 2014, 2015, and 2016 accounting periods.
Present flowchart showing how to properly close-out contract : Explain how to determine if all requirements of a procurement contract have been fulfilled by the buyer and the seller. Present a flowchart showing how to properly close-out a contract
What price will the insurance charge in the market : What price will the insurance charge in this market? Who will buy the insurance? Assume for this problem that there are no binding regulations that limit insur- ance prices or force people to purchase insurance.
Quality is fitness for use : all activities are carried out by staff from our own organization.
Expected to pay the same amount of dividend : ABC Inc. is expected to pay $1.51 dividend at the end of the year and it expected to pay the same amount of dividend forever. What is its stock price, assuming it has a required return of the stock is 9%?
Define and describe the term computer based training : Define and describe the term "computer based training" (CBT). If you manage an international company with offices in another country, what are some of the practical applications for CBT?

Reviews

Write a Review

 

Project Management Questions & Answers

  Advantages and disadvantages of using project management

advantages and disadvantages of using project management softwarewhat do you see as the advantages and disadvantages of

  Annual holding costfredericks farm factory fff currently

annual holding costfredericks farm factory fff currently marintains an average inventory valued at 3400000. the company

  Advantages and disadvantages of using erp

What are the advantages and disadvantages of using an ERP system? What is the relationship between information silos and enterprise resource planning?

  Which is a reflection of the project manager ability

Of the following, which is a reflection of the project manager's ability to lead?

  How do develop quality questions for use in a surveythis

how do develop quality questions for use in a surveythis solution provides the learner with an understanding on what is

  Suggest an agile project management framework

Suggest an agile project management framework to your sponsors and justify the agile framework best suited for this project

  Describing the purpose of attributes of a project

Using the concepts within the textbook "A Not-for-Profit Organization" , outline some attributes of a project, and describe their overall purpose.

  Why should project team meetings have minutes recorded

Why should project team meetings have minutes recorded?

  Project management wbs leveraging project team memberwhat

project management wbs leveraging project team memberwhat is the importance of experience when defining a wbs?what is

  Statement showing the incremental cash flows

Make a statement demostrating the incremental cash flows for this project over an 8-year period. Compute the payback period (P/B) and the net present value (NPV) for project.

  Duration estimation techniques in project management

In a short response, describe the advantages and disadvantages for each of the five techniques. Include an example of when it is appropriate to use each technique.

  A negative risk or positive opportunity to the project

Determine if each of these five items present a negative risk or positive opportunity to the project.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd