During the process of closing procurements, one of the steps involves reviewing all documents to ensure that each contract is settled and closed out. Which of the following actions is most appropriate when closing project procurements?
Conduct a final team meeting to release all project resources.
Prepare and distribute the final project report to all stakeholders.
Collect procurement documentation and ensure that it is complete, indexed, and filed.
Update the risk register with new risks encountered during contract execution.