PPMP20011 Unit Portfolio: Stakeholder Interests & Project Management

This unit portfolio delves into the critical aspects of managing stakeholder interests and commercial negotiation within project management. It addresses methods for differentiating project negotiation, conflict management, and stakeholder engagement across projects with varying technology standards and asset lifecycles. The portfolio examines the reconciliation of conflicting objectives, the consequences of project delays, and the application of project management tools for conflict resolution. It also covers contractual arrangements, ethical considerations, and the influence of project management standards and frameworks on commercial negotiation. The document references various sources, including case studies, project management guides, and academic articles, to provide a comprehensive understanding of the topic. Desklib offers similar solved assignments and past papers for students.

(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 4
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 4 Topic:
Managing
Stakeholders'
Commercial Interests
vs. Stakeholders'
Political Interests.
Collaborative Project
Procurement
Arrangements
(2015) by Derek H. T.
Walker and Beverly
M. Lloyd Walker;
3. Differentiate
methods of project
negotiation, conflict
management, and
stakeholder
engagement across
projects consisting of
differing technology
standards and asset
lifecycles.
The range of the commercial interest of the stakeholder can be stated as the
management of the conflicts those are capable of affecting the overall project
life cycle. Political interest emphasizes on providing everyone with an alternative
that can be helpful in keeping the stakeholders happy. There is not any
taxonomy in this situation and conflict management.
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.
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?
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,
Considering the technology, pace, complexity and novelty for the procurement
negotiation is appropriate as these could led to an effective management and
procurement objectives those can lead the project to be successful and efficient.
NCTP can be helpful in considering the various approaches those could be
considered while delivering an effective and efficient procurement and conflict
management within the project. It can allow the manager to accomplish the
objectives for the can be an efficient and effective manner for the project
delivery through mitigating the conflicts.
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 4
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
mange relationships
and communication
with key
stakeholders.
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.
Iron triangle can be an effective and efficient approach towards the
consideration of the project constraints those need to be considered while
delivering the project and managing the successfully delivery of the project. It
focuses on managing the three important and vital project management
constraints those are always a considerable factors for identifying the depth of
the project delivery and managing them in an efficient and effective manner.
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?
6. Evaluate project
management tools
that help avoid or
provide conflict
resolution via
negotiated solutions.
Project evaluation is a sequence of the activities those should be accomplished
for the consideration of the standard of the delivery that has been managed
through executing the entire project. The project management techniques
emphasizing on the delivery of the objectives and constraints of the project,
should be negotiable point where the parties involving in the conflict should
have been proposed with a centred option where both of them wins the
situation.
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 4
References
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 …../…/…
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.
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