PPMP20011 Unit Portfolio for Week 3

(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 3
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 3 Topic: The
Role of the Project
Manager in
Commercial
Negotiation.
Collaborative
Project
Procurement
Arrangements
3. Differentiate
methods of project
negotiation, conflict
management, and
stakeholder
engagement across
projects consisting
of differing
technology
standards and asset
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 the 3rd
week’s lecture:-
1. What role do you think the project manager has in
commercial negotiation?
In my way of thinking the project manager plays a
significant role in commercial negotiations is a range of
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?
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(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 3
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
(2015) by Derek H.
T. Walker and
Beverly M. Lloyd
Walker;
lifecycles. ways. To begin with the project manager is tasked with
identifying investment opportunities in a given sector in the
society. For instance, a commercial project manager
working in an apparel industry can assess the lifestyle on
both low, middle and high class groups to determine if it
could lucrative Peña-(Mora, and Tamaki 2001). Secondly,
project managers are known for negotiating contracts since
they have exemplary negotiation skills which aid
organisation to secure lucrative deals with contractors (PMI.
2013). Thirdly, project managers are tasked with managing
costs in commercial negotiations since they understand that
indecorous management of projects could result in extension
PMI. 2013a. A Guide
to the Project
Management Body
of Knowledge
(PMBOK Guide) 5th
Edition. USA:
Project Management
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(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 3
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
of costs and time. Thus, a commercial project managers is
supposed to have strong financial management skills. Lastly
but not least, a commercial manager is required to maintain
compliance to the relevant state and federal regulations as
well as organizational policies which is paramount to the
success accomplishment of any given project.
2. Does that role vary according to the type of project?
In my view, the role of a commercial project manager does
not vary since this position has a fairly standardised set of
primary responsibilities.
3. Does that role vary according to the type of industry or
domain?
Institute.
Alfredson T., &
Cungu A. 2008.
Negotiation Theory
and Practice
http://www.fao.org/d
ocs/up/easypol/550/4
-
5_negotiation_backg
round_paper_179en.
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