Consolidated Portfolio for Commercial Project Negotiation for Managers
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Added on 2023/06/11
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This consolidated portfolio provides a summary of the learning outcomes of the Commercial Project Negotiation for Managers course. It covers conflict management, negotiation skills, procurement management, stakeholder management, project evaluation, and more.
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Running head: CONSOLIDATED PORTFOLIO Consolidated Portfolio [Name of the Student] [Name of the University] [Author note]
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2CONSOLIDATED PORTFOLIO Week 1: Learning Outcome: Summary: In this week a general overview was provided about the “Commercial Project Negotiation for Managers”. In this week we were taught about the various kind of aspects related to the topic “Commercial project negotiation” along with the better understanding of various kind of aspects which are related to commercial project negotiation. From the course conducted in this week I have understood the fact that the managers requires a mix of skills in order to have a proper and effective negotiation for the commercial project managers and this skills mainly includes the “soft skills, people management skills, subject matter management skills and many more”. In this week I learnt about the basic idea about conflict management as well as negotiation which can help a lot in elimination of the conflicts in a better and effective way. The course of this week helped a lot in having a better idea about the various kind of matters which are related to the leadership and the qualities related to management in order to manage the various kind of rising conflicts while managing the project. Besides all this I have all understood the various kind of differences that exists between the public and the government sector negotiation aspects and has also been associated with reflecting the learning on the case study as well. Week 2: Learning Outcome Summary: The course conducted in the second week was all about government and the non-governmental complexities which are generally related to the contracts and this has been done by considering the sectors that are related to the building of the agreements, ICT and the wide range of services which are managed. However I have identified that all this topics are same and we were
3CONSOLIDATED PORTFOLIO proceeding towards the management of conflicts, negotiation of the projects and engagement of the stakeholders which is initially leading to the transformation which is towards the overall accomplishment and this initially leads to the delivering of the project in a successful way. It has also been seen that due to the variations in the activities and also due to the delays in the various kind of activities has led to various kind of delays and disruptive in the project and this might be altering the overall production and also the outcomes of the project. Besides this there is a need of managing the project constraints in an effective and efficient manner in order to have a successful and precise outcome by considering the fulfillment of various objectives and goals that the project is having. Week 3: Learning Outcome: Summary The course of third week provided a description about the roles played by a project manager during commercial negotiation and besides this from this course I also learnt about the fact that are to be utilized by the managers in order to lead the project in a smooth way and also to deliver the negotiation in successful way in order to win the contracts. Besides the procurement management also acted as one of the major beneficial aspect of the project which helps a lot in clarifying the different type of obligations, rights as well as the structure of the individuals who are involved in the process of project negotiation and also in the mutual agreements. Along with this a special stress was put upon the process of establishing a procurement team in order to deliver the signing contracts and the other legal aspects of the project negotiation as well. There is a possibility of gaining assistance by the project management team but despite of this the procurementteamshouldbetakingastandonthedeliveryoftheprojectnegotiation. Additionally I also gained a knowledge about the different kind of collaborative project
4CONSOLIDATED PORTFOLIO procurement arrangements which are generally capable of the commercial negotiation in an effective and efficient way. Week 4: Learning Outcome: Summary The course of fourth week have been associated with highlighting the various kind of aspects which are related to the management of the stakeholders and their interests which includes the commercial as well as the political interest of the stakeholders. From this course I understood various characteristics of the project and this mainly includes the life cycle theory, procurement forms and all other aspects which are related to the implications of iron triangle performance. Besides this other aspects which are related to the project management theory could also be ultimately contributing to the development as well as to the growth of the project which initially results in the efficient and effective delivery of the project. Another new learning included the Diamond perspective which initially contributed to the effect and better delivery of the project management within the project but considering the various aspects that are related to the delivery of the project within the project by considering the various kinds of aspect that are related to the delivery of the goals and objectives of the of the project. Besides this project evaluation has also been emphasized in the course conducted in the week by considering the development of the strategies which alternatively have the capability of reflecting the enhancements in the standards and the project quality.
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5CONSOLIDATED PORTFOLIO Week 5: Learning Outcome: Summary After the reflection and the understanding in the fourth week, in the fifth week the various facts that are associated with the project negotiation and the development of the strategies were discussed which are responsible for the enhancement of the quality and project standard. In this week we have to relate the different kind of findings within the case study that has been chosen along with collaborating the various kind of facts that are related to the difference that exists betweentheprojectcommunicationandthecommercialnegotiation.Commercialproject negotiation and project communication requires a mix set of skills of the communication in order to establish the effective as well as efficient delivery of the negotiation process. But despite of this both needs to be accomplished in various kind of manners so as to assure the output of the communication which is delivered. And the end of the week we have been associated with relating this facts with the case studies in order to deliver as well as adhere the real life practices which is done by considering the various practices of project management and negotiation aspects in the real life. Week 6: Learning Outcome: Summary The course of sixth week helped a lot in enhancing the knowledges which are relate to the studies conducted in previous weeks and this has been done through the introduction of new topicswhichcanalternativelyresultintheenhancementoftheeffectiveandefficient communication channel in order to manage the negotiations and the conflicts. There exists no doubt that there is a requirement of good communication skill for conflict resolution and the
6CONSOLIDATED PORTFOLIO same thing is required for the commercial negotiation as well. But despite of this there is a need of better understanding of the situation as well as identifying the best courses of action which can alternatively reflect the enhancements that are taking place in the production and the output of the organization. Besides this there is a need of eliminating the conflicts while delivering the projects and this needs to be done because this conflicts are capable of slowing down the growth as well as the development of eth project. After the end of this course I have understood the facts as well as the aspects which are related to the conflicts including the facts which are responsible for the occurrence of this conflicts. This conflicts needs to be mitigated quickly and in an efficient way. Week 7: Learning Outcome: Summary The course of seventh week helps me in having a broad perspective of the conflict management and the project negotiations which mainly includes the aspects related to the variations, claims, arbitration and the disputed which are generally capable of bringing new changes in the strategies for the implementation of the project management within a project. Besides this the course have also helped me in learning the facts which are related to the data and the information resources which could be helping a lot in reflecting them while negotiating and managing the various type of conflicts amongst the stakeholders involved in the project.Besides this in this course we were also introduced with a new topic that is mainly related to the project claim and the reports related to the damage as well as the way by which the collected data and the information ca be reflected within the templets. This helps in having a clear and concise description of the total execution of the project.
7CONSOLIDATED PORTFOLIO Week 8: Learning Outcome: Summary The course conducted in the eight week helps a lot in analyzing the various aspects that are related to the commercial negotiation taking place within the private organizations and the government bodies for the purpose of identifying the various kind of differences that are taking place the various aspects which are related to these kind of sectors. The first topic has been associated with identifying the difference that exists between the private and the public sectors and also the role that is played by the commercial negotiation in both of this sectors. Besides this I also got to know about the fact that all this differences are having an impact over the other parties as well which includes the designers and the contractors. Along with this I also identified the fact that the mind map acts as an effective and efficient tool in delivering the identification of various sectors which is associated with the contribution of the managers and the leaders while delivering eth project. Week 9: Learning Outcome: Summary Moving towards the end of the course in the ninth week a special emphasis was put upon the various framework and the standards related to project management which could be utilized and applied in various kind of projects and this would be leading to an efficient and effective delivery of the projects which are having high standards and quality. By taking help from the lecturer we were capable of identifying the impact that the commercial negotiation is having on the various kind of standards and the frameworks of the project management which are utilized for the purpose of delivering the project. The maturity of project management can be considered to be
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8CONSOLIDATED PORTFOLIO another important concern which is related to the delivery of the project in an effective and efficient commercial negotiation which can alternatively associated with reflecting the successful delivery of the project. By this course I learnt the way by which the data and the information can be collected and utilized for the purpose of identifying and bridging the various kind of concepts which are related to the KSAE gaps which is followed by interrelating this aspects with the other emerging trends for managing the conflicts and evaluate the project management strategies. Week 10: Learning Outcome: Summary Followed by the course conducted in the last nine weeks in the tenth week we were provided withanexplanationregardingthecontractualagreementsspectrumsandalsoabetter understanding of the legal status as well as the conditions related to the contract while making the negotiations. After this we were associated with analyzing the previous learnings and along with the knowledge needed for the purpose of identifying the various kind of contracts which are utilized within the channel Tunnel project and after this we were associated with implementing this learnings for the purpose of identification of the lags and the beneficial aspects. In this we were introduced to an organization where we were capable of highlighting and expanding our insights regarding the development and the management of the contracts and lastly we were associated with relating this with the aspects with the case studies and the project negotiating. There exists various fine aspects which are associated with the management of the contracts and this were also explained during the lecture which emphasized on the applicable procedures, which were ultimately resulting in the growth and the development of the project.
9CONSOLIDATED PORTFOLIO Conclusion: The courses conducted in the last few days help us in gaining a knowledge about project negotiation which also helped us a lot in implementing this in order to have development in the project. But despite of all this there exists some facts which are to be considered as one of the necessary aspect for the purpose of delivering the project and to manage the various conflicts in the project and the quality. Besides this we were also provided with different topic which included ethics, logic,and argument for reflecting on the previous learnings and identifying the aspects those are considerable while delivering a project. I gained a brief knowledge about this topic in a detailed manner and besides this I also identified the relation that exists between the topics and the project negotiation. The knowledges gained included how this can be applied to have a better and effective delivery of the project management strategies. I have learnt that the ethics plays a vital role in every situation.
10CONSOLIDATED PORTFOLIO References: Brooks, R., (2015).Financial management: core concepts. Pearson. Crawford, J.K., (2014).Project management maturity model. CRC Press. Fleming, Q.W. and Koppelman, J.M., (2016), December. Earned value project management. Project Management Institute. Gido,J.,Clements,J.andClements,J.,(2014).Successfulprojectmanagement.Nelson Education. Harrison, F. and Lock, D., (2017).Advanced project management: a structured approach. Routledge. Heagney, J., (2016).Fundamentals of project management. AMACOM Div American Mgmt Assn. Heldman, K., (2018).PMP: project management professional exam study guide. John Wiley & Sons. Kerzner, H. and Kerzner, H.R., (2017).Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons. Kerzner, H., (2017).Project management metrics, KPIs, and dashboards: a guide to measuring and monitoring project performance. John Wiley & Sons. Kerzner, H., (2018).Project management best practices: Achieving global excellence. John Wiley & Sons.
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11CONSOLIDATED PORTFOLIO Martinelli, R.J. and Milosevic, D.Z., (2016).Project management toolbox: tools and techniques for the practicing project manager. John Wiley & Sons. Olson, D., (2014).Information systems project management. Business Expert Press.