Project Management Standards and Frameworks: Week 9 Portfolio Analysis

This portfolio assignment, submitted by a student, delves into the application of project management standards and frameworks, focusing on their impact on commercial negotiation. The student analyzes the importance of standardization in project management, referencing key readings on collaborative project procurement and project governance. The portfolio explores the role of project management maturity, the PraXitioner concept, and the potential future shortage of skilled PraXitioners. The assignment also examines the relevance of the RBP framework, probity, and governance in government commercial negotiation. The student reflects on the readings, providing insights and opinions, relating this week's topic to previous weeks' topics, and offering a comprehensive analysis of the subject matter. The assignment includes a list of references, further solidifying the student's understanding of the topic and its practical implications.

(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;
Project management
must be standardised
as it would aid the
present and the
future project
managers to make
decisions based on
the experiences of
the past project
managers and the
current researches in
the particular field.
The framework thus
provides a
standardised
structure to project
management.
1. What are Project Management Standards and Frameworks?
Standards for project management and its framework is a set of
guidelines for the project managers that help them to take better
decisions and maintain the quality of the same by utilising the pre-set
rules.
2. In what way would Project Management Standards and Frameworks
impact on Commercial Negotiation?
The project manager is responsible for providing guidance to the
negotiator representing the procurement team. Therefore, the
guidance that the project manager provides is also dependent on the
management standards as well as the framework.
3. How would the impact on Commercial Negotiation be influenced by
Project Management Maturity?
The project management maturity of an organization is based on its
goals and objectives along with the capital that it can invest. Therefore,
such parameters would directly affect the commercial negotiation of
the organization. An organization that has attained maturity would
negotiate more than the organizations that is yet to mature.
:
4. Do the conclusions in Chapter 7 p 137 seem reasonable to you?
The conclusion that has been provided is reasonable.
5. Have you come across a PraXitioner?
No, I have not yet come across a PraXitioner.
6. Do you agree with the authors that a PraXitioner is the way forward?
Lloyd-Walker, B., &
Walker, D. (2015, April).
Collaborative project
procurement
arrangements. Project
Management Institute.
Too, E. G., & Weaver, P.
(2014). The management
of project management:
A conceptual framework
for project governance.
International Journal of
Project Management,
32(8), 1382-1394
Kerzner, H., & Kerzner, H.
R. (2017). Project
management: a systems
approach to planning,
scheduling, and
controlling. John Wiley &
Sons
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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
Yes, I do think that the PraXitioner is the next generation approach to
project management.
7. Has this unit helped you to become a PraXitioner?
The unit has definitely aided me in developing an idea on how to
become a PraXitioner.
8. Do you think that there will be a future shortage of good PraXitioner’s
in Commercial Negotiation situations?
Yes, there might be shortages of high valued PraXitioner as they require
hands o project experience to shape up their policies and the current
market is more focussed on theoretical discussion rather than
implementing the ideas.
9. If so then how do you think they should be trained?
They must be trained to apply their developed in ideas in practical
situation as it would help them to understand and analyse the gravity
of the ideas and the situation.
10. Would the outcomes be impacted by a need for probity and
governance in Government Commercial Negotiation situations?
Yes, as discussed in a past week’s portfolio, the governance and probity
would have a positive impact on the commercial negotiations with the
government.
11. Do you agree with the authors?
Yes, I agree with the authors.
12. Do you think that RBP is a good framework for Commercial Project
Negotiation?
Yes, I do think that RBP is a good framework for project negotiation.
Marcelino-Sádaba, S.,
González-Jaen, L. F., &
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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
However, there are times when RBP might instead create problems for
the procurement team as they are limited to only one vendor due to
relationship boundaries.
13. Do the ideas in Chapter 7 help in structuring your thoughts around
Commercial Project Negotiation?
Yes, the ideas do aid me I creating a more refined approach to
commercial negotiation.
14. How does this week’s topic relate to the previous weeks topics?
This week’s topic is a more detailed approach to commercial
negotiation and therefore it is related to the past weeks topics.
15. How relevant are the thoughts of Alfredson & Cungu from the Food and
Agriculture Organization of the United Nations in the context of this
chapter? Or are we looking at completely different ideas?
The thoughts of the authors in this week’s topic is very remotely
related. This is because the authors discuss about project management
nevertheless not about its maturity.
Pérez-Ezcurdia, A. (2015).
Using project
management as a way to
sustainability. From a
comprehensive review to
a framework definition.
Journal of cleaner
production, 99, 1-16
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(Insert Student Name) / (Insert Student Number) - PPMP20011 Unit Portfolio for Week 9
References
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Lloyd-Walker, B., & Walker, D. (2015, April). Collaborative project procurement arrangements. Project Management Institute.
Marcelino-Sádaba, S., González-Jaen, L. F., & Pérez-Ezcurdia, A. (2015). Using project management as a way to sustainability. From a comprehensive review to a framework
definition. Journal of cleaner production, 99, 1-16.
Too, E. G., & Weaver, P. (2014). The management of project management: A conceptual framework for project governance. International Journal of Project
Management, 32(8), 1382-1394.
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