Week 4 PPMP20011 Unit Portfolio Learning Table Description of Topics and Results

(Insert Student Name) / (Insert Student Number) - PPMP20011Unit Portfolio for Week 4 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. What new ideas can be gained from the perspective of the Iron Triangle concept for ideas and practice around the project perspective? The major theories behind commercial and political

(Insert Student Name) / (Insert Student Number) - PPMP20011Unit Portfolio for Week 4
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;
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 thisweek’s lecture: -
1. What is the range of Stakeholders’ Commercial Interests, i.e. is there a
Taxonomy?
Answer: The range of stakeholders are each one of those petitioners inside and
outside the firm who have a personal stake in the issue and its answer. Yes they
do have taxonomy.
2. What is the range of Stakeholders’ Political Interests, i.e. is there a
Taxonomy?
Answer: The political interests expressive of the organization, instrumental in
helping individuals to look at partner administration rehearses, standardizing in
setting up that partners merit consideration, and yes there will be taxonomy.
3. How can you compare and contrast Commercial and Political factors?
Answer: The commercial factors can be considered for the value of money to be
assessed for the project, where as the political factors concentrate the
effectiveness of the project.
4. What are the theories and research behind Commercial and Political
interests and factors?
The major theories behind commercial and political interests and factors are :
- Influences that affect the performance and option available to the
organization
- Demographic impact on the project trends
- Attractiveness for the industry
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
PPMP20011Unit Profile
PPMP20011 Moodle
Web site
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
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(Insert Student Name) / (Insert Student Number) - PPMP20011Unit Portfolio for Week 4
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
Novelty, Complexity, Pace and Technology?
Answer: Oddity
This base speaks to the vulnerability of the undertaking's objective, the
vulnerability in the market or both.
Innovation
This base speaks to the undertaking's level of innovative vulnerability.
Multifaceted nature
This base measures the multifaceted nature of the item, the undertaking
and the venture association.
Pace
This base speaks to the earnestness of the venture specifically, how much
time there is to finished the activity.
6. What new ideas can be gained from the NCTP concept for ideas and
practice around Commercial Negotiation?
We can easily practice the commercial negotiation by bringing every thing on
the table in terms of project.
7. Does the Four-quadrant perspective make sense to you?
Yes, it does, this will help to negotiate well with all the stakeholders involved.
8. What new ideas can be gained from the Four-quadrant perspective
concept for ideas and practice around Commercial Negotiation?
The new idea which can be gained is commercial negotiation is governed by the
innovations in terms of price and handling the activity with success.
9. Does the Organizational Learning Process perspective make sense to
you?
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(Insert Student Name) / (Insert Student Number) - PPMP20011Unit Portfolio for Week 4
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
Yes it does make sense when learning process is initiated.
10. What new ideas can be gained from the Organizational Learning
Process perspective concept for ideas and practice around Commercial
Negotiation?
We can gain international negotiation skills, powerful ideological orientation/
11. Does the Identity Process perspective make sense to you?
Yes the identity process will help in gaining the upper during the negotiation
prospect for the project.
12. What new ideas can be gained from the Identity perspective concept
for ideas and practice around Commercial Negotiation?
The observation skills for the future and reflective self-image concept for the
commercial negotiation.
13. Does the Complex Product-Services perspective make sense to you?
No, it very difficult to understand the process as well as perspective.
14. What new ideas can be gained from the Complex Product-Services
perspective concept for ideas and practice around Commercial
Negotiation?
It will help in comprehensive communication practice for the 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?
Yes, it will help in design, planning, and development of the project.
16. What new ideas can be gained from the Project Life Cycle perspective
concept for ideas and practice around Commercial Negotiation?
It will help in maintenance and support phases for the project.
17. Does the Forms of Project Procurement perspective make sense to
you?
Yes, it does for the buyer and seller concept.
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(Insert Student Name) / (Insert Student Number) - PPMP20011Unit Portfolio for Week 4
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
18. What new ideas can be gained from the Forms of Project Procurement
perspective concept for ideas and practice around Commercial
Negotiation?
It will help in identifying the relationship at many levels for the project.
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?
Yes, it does for the feedback incorporate for utilization in the project.
20. What new ideas can be gained from the Beyond the Iron Triangle
perspective concept for ideas and practice around Commercial
Negotiation?
It will help in identifying the key performance indicators.
In conclusion to this week:
21. Do the ideas in Chapter 2 help in structuring your thoughts around
Commercial Project Negotiation?
Yes, commercial project negotiation help in structuring the thoughts as project
manager for the project.
22. How does this week’s topic relate to the previous weeks topics?
This topic is related to previous week topic in terms for negotiation and
stakeholders.
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?
It is very much relevant to the thoughts of Alfredson & Cungu from the Food and
Agriculture Organization of the United Nations.
Are any of the
activities above
Have you any insights
you can add from other
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(Insert Student Name) / (Insert Student Number) - PPMP20011Unit Portfolio for Week 4
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
relevant to your
reflections for the
learning outcomes
on the right?
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?
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?
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
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(Insert Student Name) / (Insert Student Number) - PPMP20011Unit Portfolio for Week 4
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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