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Commercial Planning and Commercial Projects

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Added on  2021-04-17

Commercial Planning and Commercial Projects

   Added on 2021-04-17

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Weekly 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 1 Topic: Commercial Planningand 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: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 abroad understanding of commercial planning and commercial projects. Try to ask yourself the questions that were posed in the 1st week’s lecture :-1.What is a Commercial Planning?2.What is a Commercial Project? 3.What role does Commercial Planning and Commercial Project Management have in the project, program, and a portfolio hierarchy?4.Are there any essential keys for success between the participants of large scale projects?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?6.Who would the negotiation have been between?7.Would successful negotiation have mitigated any of the subsequent outcomes?8.What would have been required to undertake successful negotiation between the parties?Then in the Peña-Mora F., and Tamaki T. paper about the Effect of Delivery 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?10.Does the type of Contract impact on the subsequent Negotiation?11.What is your overall conclusion of the paper?PPMP20011Unit ProfilePPMP20011 Moodle Web siteHave you any insights you can add from other units you have studies or readings you’ve made?1 of 4
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Description of topics including reading samplesLearning outcomes of the unitLearnings from your experience, this and prior unit reading, assignmentsSupporting documentation including your prior learningThe Chunnel - World's Longest Underwater Tunnel - History Channel.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 differing technology standards and asset lifecycles.Yes, the questions of negotiations and the stakeholder engagement wererelevant. It clearly explains that there was negotiation in terms of constructing the channel. Moreover, conflict management plan was not incorporated properly. However, the stakeholders were not happy with the return of the investment (Siebenmann, Yu & Bachus, 2015). They lacked resource planning as well as proper cost estimation. Furthermore, the funding activity was done by the banks. Siebenmann, R., Yu, H. T.,& Bachus, R. (2015). UCIMS: Advances in geotechnical construction and performance monitoring.Journal of Rock Mechanics and Geotechnical Engineering,7(2), 207-212.Are any of the activities above relevant to your reflections for the learning outcomes on the right4. Explain and apply methods of identifying and reconciling inconsistent and conflicting objectives and drivers that develop, maintain mange relationships and communication with key Yes, the questions are relevant as it helps identify the conflicting objectives and provides way to solve them. The project manager should identify the prime objective and provide a high priority. Moreover, the project manager should refocus the attention of the stakeholders into the main goal. Furthermore, having a respectful and candid conversation also aids in managing relationships. 2 of 4
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