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(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 1 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 1 Topic: Commercial Planning and Commercial Projects. Wikipedia article Channel Tunnel; Peña-Mora F., and Tamaki T. 2001. "Effect of Delivery Systems on Collaborative Negotiations for Large -Scale Infrastructure Projects”; 21 Apr 2016 Channel Tunnel's unique status confirmed; 29 June 2016 Brexit negotiations: Four ways to get a good deal; YouTube: The Chunnel - 1. Describe the operation of diverse and complex government and non- government project contractual arrangements relevant to a range of managed services, ICT, and build agreements. The objective of this week’s topic is to make sure you have a broad understanding of commercial planning and commercial projects. Try to ask yourself the questions that were posed in the 1stweek’s lecture :- 1.What is a Commercial Planning? The commercial planning deals with identifying the current trends of the projects. 2.What is a Commercial Project? It is defined as the building of platform for the businesses. 3.What role does Commercial Planning and Commercial Project Management have in the project, program, and a portfolio hierarchy? They play the following role in the project, program and a portfolio hierarchy: Centralization of tasks Venture arrangement and prioritization Constant examination to quantify and oversee tasks and assets Asset administration and scope quantification Time following Undertaking monetary administration Admission and request administration Incorporated Gantt outlines Perceivability into a wide range of work – nimble, communitarian, iterative, venture Prescient portfolio investigation Speculation arranging and portfolio/program level money related administration Vital arranging Roadmapping PPMP20011 Unit Profile PPMP20011 Moodle Web site Have you any insights you can add from other units you have studies or readings you’ve made? 1of6
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(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 1 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 World's Longest Underwater Tunnel - History Channel. Program administration What-if situation arranging 4.Are there any essential keys for success between the participants of large scale projects? Yes, there essential key for success and they are: -Staffing for the project -Supply & Demand for the project -Cost control -Safety measures -Environmental Concerns In the Wikipedia article and the other readings for the Channel Tunnel (Chunnel); Project try to explain:- 5.How much negotiation would have occurred during the project? The estimate figures comes to about 2.25 billion dollars. 6.Who would the negotiation have been between? The negotiation would have been between CTG and FM with France and England government. 7.Would successful negotiation have mitigated any of the subsequent outcomes? Yes, with successful negotiation risk factors, fast tracking of the process was mitigated. In which design overlapping risks and change management were mitigated. 8.What would have been required to undertake successful negotiation between the parties? The change management process with board authority so that any type additional costs could have been mitigated. Then in the Peña-Mora F., and Tamaki T. paper about the Effect of Delivery 2of6
(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 1 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 Systems on Collaborative Negotiations for Large-Scale Infrastructure Projects, try to explain: 9.Do cultural dimensions of the participants impact on the Collaborative Negotiation Methodology? Yes, it does as culture comprises of instances, unequivocal and understood, of conduct procured and transmitted by images incorporating their encapsulation in ancient rarities. The fundamental centre of culture comprises of conventional (i.e. generally determined and chose) thoughts and qualities. Social frameworks might be considered as results of activity, or as moulding further activity. 10.Does the type of Contract impact on the subsequent Negotiation? The type of contract does impact the subsequent negotiation as these negotiation happen continually on smaller scale and large scale scales, both in the workplace and in regular day to day existence. As in-house advise, you are certain to experience various kinds of arrangements as a major aspect of your day by day undertakings, for example, pay transactions, contract transactions with outside direction. 11.What is your overall conclusion of the paper? The attributes of the gatherings and their relationship make conceivable to assess quantitatively and subjectively the favourableposition or disservice of every conveyance framework as far as struggle evasion or debate determination. At that point, files of arrangement viability for every conveyance framework are produced keeping in mind the end goal to evaluate the upside of executing the synergistic transaction approach in a substantial scale venture inside a specific conveyance framework. Are any of the activities above relevant to your reflections for the learning outcomes on the right? 3. Differentiate methods of project negotiation, conflict management, and stakeholder engagement across projects consisting of Are any of the questions above relevant to the learning outcome on the left?Have you any insights you can add from other units you have studies or readings you’ve made? 3of6
(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 1 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 differing technology standards and asset lifecycles. 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. Are any of the questions above relevant to the learning outcome on the left?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 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. Are any of the questions above relevant to the learning outcome on the left?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 Are any of the questions above relevant to the learning outcome on the left?Have you any insights you can add from other units you have studies or 4of6
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(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 1 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 that help avoid or provide conflict resolution via negotiated solutions. readings you’ve made? 5of6
(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 1 References Kerzner H. 2013.Project Management: A Systems Approach to Planning, Scheduling, and Control, 11thEdition. 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) 5thEdition. USA: Project Management Institute. Wikipedia 2017Channel Tunnelhttps://en.wikipedia.org/wiki/Channel_Tunnelvisited __/__/____. 6of6