Close Procurements

Figure 48:Close Procurement s: Inputs, Tools and Techniques, and Outputs. Reprinted from "A Guide to the Project Management Body of Knowledge (PMBOK Guide), (5th Edition)" by Project Management Institute, 2013, p. 289. Newton Square, PA: Project Management Institute, Inc. Reprinted without permission

Figure 48: Close Procurement s above depicts all the possible inputs tools and techniques resulting Closed procurement s and Organizational process assets updates. 

12.4 Close Procurements

Process Definition

Close Procurement s a process of completing each procurement by ensuring contractual agreements are completed or terminated (PMBOK, 2013, p. 386). Performing all legal functions necessary in the litigation of unresolved claims. Performing administrative functions of updating records addressing and closing legal documents as applicable to the Close Project or Phase process with the final payment of open claims and archiving all information about archiving project documents for future reference (PMBOK, 2013, p.387). Furthermore, Close Procurements supports the activities and functions of Close Project or Phase by performing all legal contractual duties necessary such as taking care of early termination of contracts and premature procurement closure by instituting the necessary legal language in contracts for early termination.

 Process Assessment

Project closure entails all the little details to terminate contracts record payouts and archive all project documents in connection with the project.

 Close Procurements12.4.1

Input

Statement of Work Paws for Adoption 502:

In PGMT 502, Statement of Work for Paws for Adoption an input utilized in Close Procurement s.

12.4.2

Tools and Techniques

Close Procurement s 612:

In PGMT 612, Burj Kalifa project summarized the tools and techniques used to close Procurement.

12.4.3

Outputs

Procurement Closure Package 614:

In PGMT 614, an output archival of documents used to build the Bicycle project deliverables.