December 2013
Beginner to intermediate
288 pages
6h 18m
English
Content preview from The Project Management Tool Kit, 3rd Edition
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PROCUREMENT PROCESS
49
Procurement Close-Out (PMBOK® Guide 12.4)
| What: | Verifying successful performance at the conclusion of outsourced work, completion of documentation, and closure of the contract. | |
| When: | Project execution or closure. | |
| Results: | Receipt of all contract deliverables, payment of final invoices, and termination of the contract. |
Verify Completion
At the completion of contracted work, review your procurement control and compare the results achieved with the contract requirements (and any approved changes). Validate satisfactory achievement of each specified requirement though scope verification.
Work with the supplier to resolve any significant issues or variances, successfully completing all contract requirements. ...
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