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A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition by Project Management Institute

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12.4 Close Procurements

Close Procurements is the process of completing each procurement. The key benefit of this process is that it documents agreements and related documentation for future reference. The inputs, tools and techniques, and outputs of this process are depicted in Figure 12-8. Figure 12-9 depicts the data flow diagram of the process.

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The Close Procurements process also involves administrative activities such as finalizing open claims, updating records to reflect final results, and archiving such information for future use. Close ...

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