Commercial Conflict Resolution: Methods of Negotiation, Conflict Management, and Stakeholder Engagement

This portfolio discusses the methods of negotiation, conflict management, and stakeholder engagement in commercial conflict resolution. It emphasizes the importance of trust, collaboration, co-learning, and social capital in resolving conflicts. It also highlights the consequences of project delays, disruptions, and changes to planned activities and the methods for claims variations, liquidated damages, contract entitlements, and arbitration.

(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 6
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 6 Topic:
Commercial Conflict
Resolution.
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.
I have analyzed that trust is very much important in commercial negotiations. It
is found that commercial agreements can be reached quite effectively with very
much little or little trust on either side that generally helps in favouring the
entire deal. On the other hand, I have identified that trust generally can be
changed by the interest in politics.
I have analyzed that trust can be reduced with the growing interest in politics.
As per different scholars it is found that the importance of reducing the political
trust in the people who are generally involved with the political system.
I have identified that trust generally helps in commercial conflict resolution. It is
very much necessary to follow important steps as well as strategies including
consideration of the interests as well as values, engagement of the relationship
building as well as appealing to overarching values.
I have identified that collaboration generally creates huge impact on the
commercial negotiation. It is found that coloration between the employees or
the workers of the organization positively helps in gaining objective related with
project negotiation. It is found that negotiation of various divergent positions
into joint venture generally helps in resolving points as well as gaining much
more advantage.
Yes, I have analyzed that co-learning between the various teams generally plays
a great role in developing proper output related with the commercial
negotiation. I have identified that co-learning as well as organizational
framework are generally considered as a collaboration related framework that
will be continued throughout the phase of the project delivery.
According to me, taking perspective of different people generally creates
hindrance within commercial negotiation. It is difficult because it is quite
complex to understand the various perspectives of the people and
acknowledging different viewpoint of the persons.
I have identified that social capital is considered as a critiqued that generally
Tutorial
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(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 6
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
creates attention from inequalities as well as policies and thus it generally
creates huge impact on the commercial negotiation.
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.
I have identified that commercial negotiation does not generally change with
the consequences of the cultural background. However, it is found that the
social capital can generally create impact on the commercial negotiation. I have
identified that social capital is one of the glues that generally helps in binding
both the people as well as organizations together.
Weekly notes
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.
It is found that there are number of consequences of project delays, disruptions
as well as changes to planned activities as well as methods. It is found that if any
type of consequences occurs then the time that is generally assigned for
finishing the project generally enhances and the budget that is associated with
the project increases which further can create number of issues as well as
challenges. Moreover, it will generally create impact on the quality of the
project.
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
6. Evaluate project
management tools
that help avoid or
I have analyzed that it is very much important to utilize proper project
management tools as well as strategies so that the conflict that is mainly
associated with the negotiation can be successfully resolved.
Kerzner H. 2013. Project
Management: A Systems
Approach to Planning,
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(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 6
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
reflections for the
learning outcomes
on the right?
provide conflict
resolution via
negotiated solutions.
Scheduling, and Control,
11th Edition. Hoboken,
USA: John Wiley & Sons.
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(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 6
References
Anbari F.T., Giammalvo P., Jaffe P., Letavec C., and Merchant R. (Date Unknown) “The Chunnel Project”. PMI Case Studies in Project Management.
http://www.pmi.org/~/media/PDF/Academic/case%20studies/Chunnel%20Project.ashx Visited …../…/…
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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