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., & Brindley, C. (2007).
• Teo, T. S. H., & Lai, K. (2009).