PPMP20011 Contract and Procurement Management
Added on 2021-04-21
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(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 9Weekly Portfolio Learning TableDescription of topics including reading samplesLearning outcomes of the unitLearnings from your experience, this and prior unit reading, assignmentsSupporting documentation including your prior learningWeek 9 Topic: Applying Project Management Standards and Frameworks.Collaborative ProjectProcurement Arrangements (2015) by Derek H. T.Walker and Beverly M. Lloyd Walker;Project management must be standardised as it would aid the present and the future project managers to make decisions based on the experiences of the past project managers and the current researches in the particular field. The framework thus provides a standardised structure to project management. 1.What are Project Management Standards and Frameworks?Standards for project management and its framework is a set of guidelines for the project managers that help them to take better decisions and maintain the quality of the same by utilising the pre-set rules. 2.In what way would Project Management Standards and Frameworks impact on Commercial Negotiation?The project manager is responsible for providing guidance to the negotiator representing the procurement team. Therefore, the guidance that the project manager provides is also dependent on the management standards as well as the framework. 3.How would the impact on Commercial Negotiation be influenced by Project Management Maturity?The project management maturity of an organization is based on its goals and objectives along with the capital that it can invest. Therefore, such parameters would directly affect the commercial negotiation of the organization. An organization that has attained maturity would negotiate more than the organizations that is yet to mature. :4.Do the conclusions in Chapter 7 p 137 seem reasonable to you?The conclusion that has been provided is reasonable.5.Have you come across a PraXitioner?No, I have not yet come across a PraXitioner.6.Do you agree with the authors that a PraXitioner is the way forward?Lloyd-Walker, B., & Walker, D. (2015, April). Collaborative project procurement arrangements. Project Management Institute.Too, E. G., & Weaver, P. (2014). The managementof project management: A conceptual framework for project governance. International Journal of Project Management, 32(8), 1382-1394Kerzner, H., & Kerzner, H.R. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons1 of 4
(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 9Description of topics including reading samplesLearning outcomes of the unitLearnings from your experience, this and prior unit reading, assignmentsSupporting documentation including your prior learningYes, I do think that the PraXitioner is the next generation approach to project management.7.Has this unit helped you to become a PraXitioner?The unit has definitely aided me in developing an idea on how to become a PraXitioner.8.Do you think that there will be a future shortage of good PraXitioner’s in Commercial Negotiation situations?Yes, there might be shortages of high valued PraXitioner as they requirehands o project experience to shape up their policies and the current market is more focussed on theoretical discussion rather than implementing the ideas.9.If so then how do you think they should be trained?They must be trained to apply their developed in ideas in practical situation as it would help them to understand and analyse the gravity of the ideas and the situation.10.Would the outcomes be impacted by a need for probity and governance in Government Commercial Negotiation situations?Yes, as discussed in a past week’s portfolio, the governance and probitywould have a positive impact on the commercial negotiations with the government.11.Do you agree with the authors?Yes, I agree with the authors.12.Do you think that RBP is a good framework for Commercial Project Negotiation?Yes, I do think that RBP is a good framework for project negotiation. However, there are times when RBP might instead create problems for Marcelino-Sádaba, S., González-Jaen, L. F., & Pérez-Ezcurdia, A. (2015).Using project management as a way to sustainability. From a 2 of 4
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