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

   

Added on  2021-06-15

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(Insert Student Name) / (Insert Student Number) - PPMP20011Unit Portfolio for Week 4Weekly 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 4 Topic: Managing Stakeholders' Commercial Interestsvs. Stakeholders' Political Interests.Collaborative ProjectProcurement 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 industryWalker & 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 ProfilePPMP20011 Moodle Web siteHave you any insights you can add from other units you have studies or readings you’ve made?1 of 6
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(Insert Student Name) / (Insert Student Number) - PPMP20011Unit Portfolio for Week 4Description of topics including reading samplesLearning outcomes of the unitLearnings from your experience, this and prior unit reading, assignmentsSupporting documentation including your prior learningNovelty, 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?Yes it does make sense when learning process is initiated.2 of 6
Week 4 PPMP20011 Unit Portfolio Learning Table Description of Topics and Results_2

(Insert Student Name) / (Insert Student Number) - PPMP20011Unit Portfolio for Week 4Description of topics including reading samplesLearning outcomes of the unitLearnings from your experience, this and prior unit reading, assignmentsSupporting documentation including your prior learning10.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.18.What new ideas can be gained from the Forms of Project Procurement perspective concept for ideas and practice around Commercial 3 of 6
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