Project Management Standards and Frameworks - PDF

(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 9
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 9 Topic:
Applying Project
Management
Standards and
Frameworks.
Collaborative Project
Procurement
Arrangements
(2015) by Derek H. T.
Walker and Beverly
M. Lloyd Walker;
There are various
methods that have
been defined for
project’s execution,
conflict resolution,
management of
stakeholders among
others. These
methods are going to
be based on the
guidelines specified
under PMBoK, Agile
Project Management,
Waterfall and
PRINCE2 among
others. The methods
for negotiation may
include written
contracts, one-time
negotiations and
stand-offs.
There are various project management standards in the use today. However,
not all are utilized for a project and one may choose a particular methodology as
per their own convenience, project demands and use. Some of these popular
methodologies includes PRINCE2 standards that means Project in Controlled
Environments and PMBoK which means Project Management Body of
Knowledge, Agile Project management, Waterfall method and countless others.
Agile for instance provides managers with the ability to carry out projects in
iterations whereas waterfall methodology is the simplistic methodology that
allows for development of project in phases.
Apart from this, commercial negotiations are impacted directly on the basis of
which methodology is choose. For instance, Agile allows for a rapid and frequent
two-way communication where the negotiations may change from time-to-time
whereas on the other hand PRINCE2 and Waterfall method demands stricter
form of negotiations.
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(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 9
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
Are any of the
activities above
relevant to your
reflections for the
learning outcomes
on the right?
Conflicts could be
resolved using a
variety of methods
and some of them
includes techniques
of persuasion,
arbitration,
postponement,
unilateral decisions
and bartering among
others.
The conclusion given in the chapter 7 is reasonable as I includes various aspects
that are associated with project management. Accordingly, I have also come
across a ‘PraXitioner’ and this particular chapter also helped in explaining how
to become a ‘PraXitioner’.
Currently there are shortages for a good ‘PraXitioner’ in terms of commercial
negotiations and in order to avoid such situations they would be provided with
training in order to improve their negotiations, inter-personal skills and various
other competencies.
The Authors of the Walker and Walker book have covered some key aspects of
project management as well as negotiations and the ideas presented by them
are relatable in real-world scenarios. Also, RBF is a good framework for
commercial negotiations as their approach is in line with strategic plans and
policies that help the organizational point of view.
Are any of the
activities above
relevant to your
reflections for the
learning outcomes
on the right?
The delays in the
project may cause
financial losses as
well as may attract
legal suits.
Any changes to be
done in planned
project activities or
budget or timeline of
the project should be
done through proper
approval of all the
parties involved.
Ideas put forwarded in chapter 7 has helped in the understanding of various
commercial project negotiations and has further aided in the development of
plan and policies around successful execution. This week’s topic is related to
previous week as it discusses more in-depth about project management
especially about project negotiations as well as conflict resolution.
Are any of the
activities above
relevant to your
Various project
management tools
such as SWOT
Cungu and Alfredson has also promoted use of various standardized and
streamlined approach towards project related activities and negotiations.
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(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 9
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?
analysis, decision
trees, Gantt charts,
cause and effect
diagrams as well as
EVM or Earned Value
Management should
be used in the conflict
resolution and project
negotiations.
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(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 9
References
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.
Kerzner H. 2013. Project Management: A Systems Approach to Planning, Scheduling, and Control, 11th Edition. Hoboken, USA: John Wiley & Sons.
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 …../…/…
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