Situation: Most relationship between different business
Situation: Most relationship between different business entities are based on negotiated agreements, also called contracts. These legal documents that bind each party to perform in accordance with the agreement. You are the project manager of an organization. You are responsible for closing a vendor's agreement and administrative closure of the procurement.
Assignment: Develop a procedure to close a procurement both contractually and administratively. Your response should be a minimum of 500 words, and portions can be in bulleted/outline format. Include at least three credible reference in addition to the PMBOK Guide with at least one of these being a peer-reviewed journal article. Properly cite your response. Note: Project management assignment.