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PPMP20011 Unit Portfolio

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PPMP20011 Unit Portfolio

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Course Code: PPMP20011
University: Central Queensland University

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Country: Australia

Question:

Description of topics including reading samples

Learning outcomes of the unit

Learnings from your experience, this and prior unit reading, assignments

Supporting documentation including your prior learning

Week 4 Topic: Managing Stakeholders’ Commercial Interests vs. Stakeholders’ Political Interests.
 
Collaborative Project Procurement Arrangements (2015) by Derek H. T. Walker and Beverly M. Lloyd Walker;
 
 
 
 
 
 

3. Differentiate methods of project negotiation, conflict management, and stakeholder engagement across projects consisting of differing technology standards and asset lifecycles.
 
 

The objective of this week’s topic is to make sure you have an appreciation of the Role of the Project Manager in Commercial Negotiation. 
 
Try to ask yourself the questions that were in the slides in this week’s lecture: –
1.       What is the range of Stakeholders’ Commercial Interests, i.e. is there a Taxonomy
2.       What is the range of Stakeholders’ Political Interests, i.e. is there a Taxonomy
3.       How can you compare and contrast Commercial and Political factors
4.       What are the theories and research behind Commercial and Political interests and factors
 
Walker & Walker (2015) discuss a number of aspects of Project Characteristics what are your thoughts regarding:
5.       Is it appropriate to think of procurement negotiation on the basis of Novelty, Complexity, Pace and Technology
6.       What new ideas can be gained from the NCTP concept for ideas and practice around Commercial Negotiation
7.       Does the Four-quadrant perspective make sense to you
8.       What new ideas can be gained from the Four-quadrant perspective concept for ideas and practice around Commercial Negotiation
9.       Does the Organizational Learning Process perspective make sense to you
10.    What new ideas can be gained from the Organizational Learning Process perspective concept for ideas and practice around Commercial Negotiation
11.    Does the Identity Process perspective make sense to you
12.    What new ideas can be gained from the Identity perspective concept for ideas and practice around Commercial Negotiation
13.    Does the Complex Product-Services perspective make sense to you
14.    What new ideas can be gained from the Complex Product-Services perspective concept for ideas and practice around Commercial Negotiation
 
Walker & Walker (2015) then in Chapter 2 discuss a number of aspects of Project Life-Cycle Theory and Project Procurement Forms what are your thoughts regarding:
15.    Does the Project Life Cycle perspective make sense to you
16.    What new ideas can be gained from the Project Life Cycle perspective concept for ideas and practice around Commercial Negotiation
17.    Does the Forms of Project Procurement perspective make sense to you
18.    What new ideas can be gained from the Forms of Project Procurement perspective concept for ideas and practice around Commercial Negotiation
 
Finally Walker & Walker (2015) look beyond the “Iron Triangle”, and so what are your thoughts regarding:
19.    Does the Beyond the Iron Triangle perspective make sense to you
20.    What new ideas can be gained from the Beyond the Iron Triangle perspective concept for ideas and practice around Commercial Negotiation
 
In conclusion to this week:
21.    Do the ideas in Chapter 2 help in structuring your thoughts around Commercial Project Negotiation
22.    How does this week’s topic relate to the previous weeks topics
23.    How relevant are the thoughts of Alfredson & Cungu from the Food and Agriculture Organization of the United Nations in the context of this chapter Or are we looking at completely different ideas

PPMP20011 Unit Profile
PPMP20011 Moodle Web site
Have you any insights you can add from other units you have studies or readings you’ve made
 
 
 
 
 
 
 
 

Are any of the activities above relevant to your reflections for the learning outcomes on the right?

4. Explain and apply methods of identifying and reconciling inconsistent and conflicting objectives and drivers that develop, maintain, mange relationships and communication with key stakeholders.

 

Have you any insights you can add from other units you have studies or readings you’ve made

Are any of the activities above relevant to your reflections for the learning outcomes on the right?

5. Explain the consequences of project delays, disruptions, and changes to planned activities and the methods for claims variations, liquidated damages, contract entitlements, and arbitration.

 

Have you any insights you can add from other units you have studies or readings you’ve made

Are any of the activities above relevant to your reflections for the learning outcomes on the right?

6. Evaluate project management tools that help avoid or provide conflict resolution via negotiated solutions.
 

 

Have you any insights you can add from other units you have studies or readings you’ve made

 

Answer:

Weekly Portfolio Learning Table

Description of topics including reading samples

Learning outcomes of the unit

Learnings from your experience, this and prior unit reading, assignments

Supporting documentation including your prior learning

Week 4 Topic: Managing Stakeholders’ Commercial Interests vs. Stakeholders’ Political Interests.
 
Collaborative Project Procurement Arrangements (2015) by Derek H. T. Walker and Beverly M. Lloyd Walker;
 
 
 
 
 
 

3. Differentiate methods of project negotiation, conflict management, and stakeholder engagement across projects consisting of differing technology standards and asset lifecycles.
 
 

The objective of this week’s topic is to make sure you have an appreciation of the Role of the Project Manager in Commercial Negotiation. 
 
Try to ask yourself the questions that were in the slides in this week’s lecture: –
1.       What is the range of Stakeholders’ Commercial Interests, i.e. is there a Taxonomy?
The project stakeholders have the commercial interests from the conceptualization point to the closing stage along with the implementation stage of the product.
 
 
 
2.       What is the range of Stakeholders’ Political Interests, i.e. is there a Taxonomy?
 
The stakeholders interested in the impact of the outcome of the project whether it is a national or international one.
 
 
3.       How can you compare and contrast Commercial and Political factors?
 
The political factors are mainly the locational factors and the commercial factors are the benefit factors.
 
 
4.       What are the theories and research behind Commercial and Political interests and factors?
The commercial and the political interest of the stakeholders should be of a high-level in order to keep them engaged in the project.
 
 
 
Walker & Walker (2015) discuss a number of aspects of Project Characteristics what are your thoughts regarding:
5.       Is it appropriate to think of procurement negotiation on the basis of Novelty, Complexity, Pace and Technology?
 
The procurement negotiation approaches mentioned above can be used in the thinking process.
 
 
6.       What new ideas can be gained from the NCTP concept for ideas and practice around Commercial Negotiation?
 
If the standard of the Novelty, pace, technology, and the complexity is very high then the commercial negotiation may become tough.
 
 
7.       Does the Four-quadrant perspective make sense to you?
 
Yes, the four quadrant perspective makes sense.
 
 
8.       What new ideas can be gained from the Four-quadrant perspective concept for ideas and practice around Commercial Negotiation?
The concept that has been mentioned above can be used in the negotiation if either the goal or the proper methodology is fixed in the project.
 
 
9.       Does the Organizational Learning Process perspective make sense to you?
 
Yes, this perspective makes sense.
 
 
10.    What new ideas can be gained from the Organizational Learning Process perspective concept for ideas and practice around Commercial Negotiation?
 
The stakeholders of the association required to share their knowledge with the others so that they can learn from each other for the betterment of the organization.

11.    Does the Identity Process perspective make sense to you?
 
Yes, this perspective makes sense.
                          
 
12.    What new ideas can be gained from the Identity perspective concept for ideas and practice around Commercial Negotiation?
 
The use of this concept is done when the association requires to create a proper image in the market.
 
 
13.    Does the Complex Product-Services perspective make sense to you?
 
Yes, this perspective makes sense. 
 
14.    What new ideas can be gained from the Complex Product-Services perspective concept for ideas and practice around Commercial Negotiation?
 
Along with the proper concentration on the product, the organization should also provide the necessary services after the development is done in the project.
 
 
Walker & Walker (2015) then in Chapter 2 discuss a number of aspects of Project Life-Cycle Theory and Project Procurement Forms what are your thoughts regarding:
15.    Does the Project Life Cycle perspective make sense to you?
 
In order to have better control over the project, the use of the project life cycle concept is done in the commercial negotiation.
 
16.    What new ideas can be gained from the Project Life Cycle perspective concept for ideas and practice around Commercial Negotiation?
 
Proper decisions can be taken by the organization by following the project life cycle from this perspective.
         
17.    Does the Forms of Project Procurement perspective make sense to you?
 
The procurement perspectives that are mentioned here are all effective.
 
18.    What new ideas can be gained from the Forms of Project Procurement perspective concept for ideas and practice around Commercial Negotiation?
 
The division of procurement can be done into the bonding, traditional concept, and the integration design and delivery concept.
 
 
Finally Walker & Walker (2015) look beyond the “Iron Triangle”, and so what are your thoughts regarding:
19.    Does the Beyond the Iron Triangle perspective make sense to you?
                             
This is used in order to add some value to the point of view of the commercial negotiation.
 
 
20.    What new ideas can be gained from the Beyond the Iron Triangle perspective concept for ideas and practice around Commercial Negotiation?
 
The Social Responsibility contribution, along with it the contribution to the society can become a reason for impacting the commercial negotiation.
                      
 
 
In conclusion to this week:
21.    Do the ideas in Chapter 2 help in structuring your thoughts around Commercial Project Negotiation?
Different approaches and the concept of commercial negotiation are stated in this chapter that can be adapted so that the projects category can be enhanced.
 
 
22.    How does this week’s topic relate to the previous weeks topics?
 
We learned about the arrangements of the procurement negotiation in the last week and in the currently, we learnt about the different types of punishments that are present so that a better understanding can be provided.
 
23.    How relevant are the thoughts of Alfredson & Cungu from the Food and Agriculture Organization of the United Nations in the context of this chapter? Or are we looking at completely different ideas?
 
The strategy, integrative and some other approaches are discussed in this report regarding the document negotiation.

PPMP20011 Unit Profile
PPMP20011 Moodle Web site

References
Anbari F.T., Giammalvo P., Jaffe P., Letavec C., and Merchant R. (Date Unknown) “The Chunnel Project”. PMI Case Studies in Project Management.
Kerzner H. 2013. Project Management: A Systems Approach to Planning, Scheduling, and Control, 11th Edition.  Hoboken, USA: John Wiley & Sons.
Peña-Mora F., and Tamaki T. 2001. “Effect of Delivery Systems on Collaborative Negotiations for Large -Scale Infrastructure Projects”. Journal of Management in Engineering. Vol:April 2001 pp.105-121
PMI. 2013a. A Guide to the Project Management Body of Knowledge (PMBOK Guide) 5th Edition. USA: Project Management Institute.

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