PM 6000-8 – Signature Assignment: Project Procurement Close-out Plan

Week 7:Signature Assignment: Project Procurement Close-out PlanThe Signature Assignment and reflective discussion should demonstrate (a) your mastery of the course material, and (b) your understanding of how knowledge gained in the course is applicable to real-world project management. . For the Signature Assignment you will be developing and assembling a Close-Out Plan for Your Selected Course Project.Review the resources listed in the Books and Resources area below to prepare for this week’s assignment(s).Books & Resources:BookKerzner, H. 2013 Project management: A systems approach to planning, scheduling, and controlling.Instruction:Read Chapter 11 (11.15-11.22) and review Chapter 19Edwards, J. A. (2006). http://proxy1.ncu.edu/login?://search.ebscohost.com/login.aspx?&&&-liveInstruction:Read Chapter 15Article/JournalBowen Jr., S. W. (2007). http://proxy1.ncu.edu/login?://search.ebscohost.com/login.aspx?&&&-liveInstruction:Read ArticleTeo, T. S. H., & Lai, K. (2009). Usage and performance impact of electronic procurement. http://search.proquest.com.proxy1.ncu.edu/docview/212652940?Instruction:Read ArticleAssignment 1: Explain the Role of Procurement Management and Planning in a Project (7 Points) Due: 04/17/2016Instructions:In a paper, provide a detailed explanation of how the knowledge gained in this course provided you with an understanding of a critical component of project management: procurement management and planning. How would you define successfully monitoring and controlling a project? What challenges do project managers face during monitoring and controlling? The personal insights paper serves as the foundation for your discussion with your course instructor and possibly other students in Discussion portion of this week.Support your insights paper with a minimum of two (2) external resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.Length: 2-3 pages not including title and reference pagesYour paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards where applicable. Be sure to adhere to Northcentral University’s Academic Integrity Policy.Alignment to Course Learning Outcomes:1.0 Summarize project procurement management processes for purchasing products and services needed for a project.5.0 Explain source selection considerations and methodsAssignment 2: Design a Project Procurement Close-out Plan (20 Points) Due: 04/17/2016Instructions:Write a paper in which you:Identify and discuss the tasks associated with the close-out of procurement contracts.Discuss the termination of contractual relationships and settlement of seller claims.Explain how to determine if all requirements of a procurement contract have been fulfilled by the buyer and the seller.Present a flowchart showing how to properly close-out a contract.Discuss how invoices that have not been submitted by vendors or that have been submitted by vendors but not yet paid should be handled.Identify any three of the questions listed in the “procurement management conformance” (Westland, 2007) checklist found on page 213 of the book “Project Management Life Cycle: A Complete Step-by-Step Methodology for Initiating, Planning, Executing and Closing a Project Successfully” (2007) and reflect on the importance of asking these questions when closing procurement contracts and completing the project.Support your paper with a minimum of five (5) external resources In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.Length: 10-12 pages not including title and reference pages. The flowchart will count toward the 10-12 page requirement.Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University’s Academic Integrity Policy.Alignment to Course Learning Outcomes:6.0 Create a plan for completing project procurement activities during the closure phase of a project.