Write a 1,400- to 1,750-word paper in which you explain the 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 the tools and techniques for the contract administration process, including the following: ? Contract change control process ? Procurement performance reviews ? Inspections and audits ? Performance reporting ? Payment process (n/30, n/60, and so forth) ? 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.