PPMP20011 - Applying Project Management Standards and Frameworks

This portfolio delves into the application of project management standards and frameworks within the context of commercial negotiation. It examines the impact of project management maturity on negotiation processes, highlighting how low maturity can lead to issues in requirements and scope identification. The portfolio further explores the consequences of project delays and disruptions, emphasizing the importance of effective communication and conflict resolution in maintaining successful project outcomes. It also touches upon the role of project managers in navigating contractual arrangements and resolving disputes, ultimately aiming to provide a comprehensive understanding of the critical elements involved in project negotiation and execution. Desklib offers a wealth of similar resources for students seeking assistance with their studies.

(Insert Student Name) / (Insert Student Number) - PPMP20011Unit Portfolio for Week 9
Weekly Portfolio Learning Table 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
Week 9 Topic:
Applying Project
Management
Standards and
Frameworks.
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.
Project manager play a significant role in commercial negotiation. The process of
project negotiation should follow a particular project management standard and
framework.
Project management framework as described by PMBOK is a basic structure of
understanding the process of project management. The project managers of the
project can choose from several frameworks that work for the projects with
business. The project management framework can mainly be considered as a
combination of the processes, tasks, tools that can be used to properly
implement a project from start to finish. The generic project management
framework mainly divides a project in different phases such as project initiation,
planning, execution, control, monitoring and termination. This helps in easier
implementation of the project. The project management standards and impact
helps in commercial negotiation process. Therefore it can be said that project
management standards and framework has a positive impact in the project.
PPMP20011Unit 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,
mange relationships
Project Management maturity has a great impact in commercial negotiation. A
low project management maturity in the organization often leads to problems
with requirements and scope identification thus affecting the process of project
negotiation. Low project management maturity further impacts the ability of
tender documentation. An improper negotiation process leaves the supplier
organization in a tenuous place in a negotiation contract. In this case, a
negotiation may not be successful.
I have never come across a PraXitioner in a commercial project negotiation
situation. The outcomes can be impacted by the need for probity and
governance in government commercial negotiation situation.
Lecture slides and
tutorial
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(Insert Student Name) / (Insert Student Number) - PPMP20011Unit 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
and communication
with key
stakeholders.
The process of commercial project negotiation is important in the project as it is
a process involving two parties bargaining about its certain characteristics. A
commercial project negotiation process therefore involves communicating the
goals and interest of each party which is necessary for proper execution of a
particular project. This chapter definitely helped in structuring the thoughts
about the commercial project negotiation process.
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 topic of this week definitely relates to the topic of previous week as the
topic of previous week gave an idea about the commercial process in public and
private organizations. This week’s topic provided a considerable knowledge
about the impact of project management standards and framework in
commercial project negotiation.
A conflict in the negotiation process often affects the project negatively.
Maintaining a proper communication among the negotiators helps in improving
the project negotiation process.
Lecture slides and
tutorial
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.
An improper project negotiation can often result in project delays. Any internal
fights can delay the communication process and therefore it is essential to
eliminate any cause of internal conflict during the project execution phase. A
commercial negotiation mainly involves seller, buyer and product or a service
and therefore a commercial negotiation process should be governed properly. A
negotiator should therefore possess proper project negotiation skills so that a
successful negotiation is achieved in the project.
Lecture slides and
tutorial
2 of 3

(Insert Student Name) / (Insert Student Number) - PPMP20011Unit Portfolio for Week 9
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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