CPMGT 302 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: • Outline and explain high-level process steps for conducting project procurements. • Outline and explain contract administration policies and procedures. • Describe tools and techniques for the contract administration process, including the following: o Contract change control process o Procurement performance reviews o Inspections and audits o Performance reporting o Payment process (n/30, n/60, and so forth) o 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. Format your paper consistent with APA guidelines.