Control procurements
The controlling of procurements is an important step in the entire procurement process because it includes protecting your organization from breach of agreement, keeping track of the seller's performance, maintaining good relationships with your sellers, paying out of your budgets for contract work and incentives, processing formal changes (as needed), and closing out any procurement documents once the work has been completed and approved. Your organization may also have knowledge bases just for your vendors where everything is kept and updated. I know we had to hold on to our contracts for 8 years after they were closed, in order to be compliant. Your mileage may vary. The inputs list is again a long one because there are multiple documents to consider as well as your enterprise environment for this process and your organization process assets, so we'll focus on the main items for the exam.
The main inputs to be aware of include the following:
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