PPMP20011: Project Management Portfolio - Week 1: Commercial Planning

This portfolio assignment for PPMP20011 Week 1 focuses on commercial planning and project management, exploring topics such as commercial project contractual arrangements, methods of project negotiation, conflict management, and stakeholder engagement. The assignment uses the Channel Tunnel project as a case study to illustrate negotiation processes and the importance of communication between stakeholders. It also addresses the consequences of project delays and the role of project management tools in conflict resolution, highlighting the significance of understanding business requirements and market situations for successful project delivery. This resource is useful for students looking for project management examples.

(
Insert Student Name) / (
Insert Student Number) - PPMP20011Unit 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.
Commercial planning is associated with the planning or the operation for
launching a new product in the market. There are different steps in the
commercial planning which includes the management and strategic planning for
launching the products. These steps are finding the objective or function of the
product, business review, and implementation and evaluation strategy.
Commercial project deals with the requirements of the core business of the
organizations (Bi
et al. 2017). It provides the over view of end to end situation of
project planning, execution, monitoring and control. The companies selling the
products can utilize the benefits of the commercial project management in
order to modify and improvise the core business requirements.
Commercial project management and commercial planning plays an important
role for the development and the launch of the product. There are certain steps
involved in both commercial project and commercial planning. These steps hep
to review the products and launch the products based in the market situations
and the consumer base.
The essential keys for the success among participants in the large scale project
are the consistent flow of communication. Proper knowledge sharing between
internal and external stakeholders will help to mitigate the chances of scope
creep in the project and will bring the clarity in the requirements.
Bi, H.L., Jia, X., Lu, F.Q.
and Huang, M., 2017.
Schedule Risk
Management of IT
Outsourcing Project
Using Negotiation
Mechanism.
In
Proceedings of the
23rd International
Conference on Industrial
Engineering and
Engineering
Management 2016 (pp.
29-33). Atlantis Press,
Paris.
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(
Insert Student Name) / (
Insert Student Number) - PPMP20011Unit 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.
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.
The negotiations have done in various ways for Channel Tunnel case. In 1802 the
proposal of creating the tunnel was initiated. The primary trials started after the
proposal. However, in 1975, the planning and progress for the development of
the tunnel stopped. In 1986 the Treaty of Canterbury was signed which allowed
to project to proceed. In 1994 the tunnel was officially opened. However, it has
faced several accidents and damages after the opening.
The negotiation in this case has been done between the government of UK and
France.
Wikipedia 2017
Channel
Tunnelhttps://en.wikiped
ia.org/wiki/Channel_Tun
nel visited
_19_/_07_/__2018__.
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
The negotiation process between France and UK has enable the progress in the
development of the Tunnel. The making of the tunnel helps to make easy
communication between France and UK.
In order to conduct a successful negotiation process there are several factors
which are needed to be considered (Monghasemi
et al. 2017). Some of these are
considering the emotional value and objective of the product or work to be
done. The preparation of the proposal along with proper information, price and
cost are needed to be done for the successful project negotiation process.
Monghasemi, S., Nikoo,
M.R., Fasaee, M.A.K. and
Adamowski, J., 2017. A
hybrid of genetic
algorithm and evidential
reasoning for optimal
design of project
scheduling: a systematic
negotiation framework
for multiple decision-
makers.
International
Journal of Information
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(
Insert Student Name) / (
Insert Student Number) - PPMP20011Unit 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
stakeholders.
Technology & Decision
Making,
16(02), pp.389-
420.
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.
The cultural dimension of the different participants in the project negotiation
process ahs certain impacts in collaborative negotiation methodology. There can
be different requirements for the people for different background. The
successful project negotiation process will help make an agreement between
different requirements in the project. This helps in the delivery of the project in
right time and in right order.
Are any of the
activities above
relevant to your
reflections for the
learning outcomes
on the right
6. Evaluate project
management tools
that help avoid or
provide conflict
resolution via
negotiated solutions.
The overall conclusion from the paper is that the project negotiation process has
certain significance in the proper delivery of the project. There are certain steps
and the process for the negotiation of the project. The successful negotiation
process will bring the clarity in the requirements and will mitigate the possibility
of the delivery delay of the project. The process will also help in the
understanding the requirements for the business and the current market
situation. The consequences of the product or project launching will also reflect
through the project negotiation process.
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(
Insert Student Name) / (
Insert Student Number) - PPMP20011Unit Portfolio for Week 1
References
Kerzner H. 2013.
Project Management: A Systems Approach to Planning, Scheduling, and Control, 11th Edition. 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) 5th Edition. USA: Project Management Institute.
Wikipedia 2017
Channel Tunnelhttps://en.wikipedia.org/wiki/Channel_Tunnel visited __/__/____.
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