Closing: Procurement

12.4 Close Procurements

This process ensures that all procurements are closed out at the end of a project by verifying that all procured products, services and data were acceptable and that all suppliers have been paid.

Figure 48. Close Procurements: 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. 386. Copyright 2013 by Project Management Institute, Inc. Reprinted without permission.
   
  1. Project Closeout – PM Plan Excerpt: Procurement closeout excerpt from a project plan in PMGT 501. These instructions are an input to this process.
  2. Acceptance Documentation Essay: A homework essay about the development and use of project deliverable documentation, a key tool for this process.
  3. Lessons Learned - Best Practices: A short essay discussing techniques for lessons learned, their role in project management, and how they might be generated. Lessons learned are an output of this process in the form of organizational process updates.
  4. Compliance letter: Compliance letters become part of the project files (Organizational Process Assets Updates), an output of the "Close Project or Phase" process. This example is from PMGT 614.
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