PPMP20011 Unit Portfolio: Commercial Planning and Project Agreements

This unit portfolio for PPMP20011 Week 1 delves into commercial planning and projects, covering topics like contractual agreements, project negotiation, conflict management, and stakeholder engagement. It reflects on learning experiences from unit readings and assignments, highlighting the importance of understanding diverse contractual arrangements, managing project complexities, and reconciling conflicting objectives. The portfolio also addresses the consequences of project delays and the use of project management tools for conflict resolution, referencing case studies like the Chunnel project and tools like Basecamp and JIRA. Key concepts include stakeholder management, negotiation strategies, and methods for handling project disruptions, supported by references to relevant project management literature.

(
Insert Student Name) / (
Insert Student Number) - PPMP20011 Unit 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.
After properly assessing the unit assignments, the basic types of contractual
agreements became clear to me especially those which are connected with ICT,
building on agreements and managing a number of devices. The expertise of
every contractual arrangements be it complex non-governmental or non-
governmental became easy to comprehend for me from the learning
experience. I also learnt the different types of contractual arrangements that
takes place and their specific operations in a particular complex project like the
Chunnel project.
(Snyder and Dionisio
2017)
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(
Insert Student Name) / (
Insert Student Number) - PPMP20011 Unit 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.
3. Differentiate
methods of project
negotiation, conflict
management, and
stakeholder
engagement across
projects consisting of
differing technology
standards and asset
lifecycles.
After properly evaluating the unit learning courses and assignments, I
conclusively understood several aspects of complex projects such as conflict
management, project negotiation and stakeholder engagement.
For complex projects which has a number of technology standards as well as
asset lifecycle, the importance of the combined agreement of ideas to reach an
agreement was fully understood by me. I also understood the need for
stakeholder engagement and how it is used to mitigate problems during the
project cycle. As the people are affected due to the decisions taken by the
organization, the stakeholder management is essential for maintaining the
complexity of the project.
(Larson and Gray 2015)
4. Explain and apply
methods of
identifying and
reconciling
inconsistent and
conflicting objectives
and drivers that
develop, maintain,
mange relationships
and communication
I was particularly interested after learning that to address the inconsistent
objectives, maintaining and managing the relationships is essential in every
project cycle. I also came to know about the various methods by which the
parties perform their collaboration in a face to face manner. To reach a
satisfaction level, both parties have to compromise sometimes to reach a
decisions which was I found out to be very interesting. If the situation becomes
a win loss issue, I learned about the process of voiding, smoothing and forcing.
(Turner 2014)
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(
Insert Student Name) / (
Insert Student Number) - PPMP20011 Unit 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
with key
stakeholders.
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.
After reading the prior assignments, the huge number of project delays and
disruptions surprised me. There are a number of reasons why the delays can
occur such as equipment, clients, consultants and contractors. I was able to
assess the time overrun, dispute, cost overrun and proper negotiation situations
from the case of the Chunnel tunnel. Several other topics intrigued me such as
owner practices, risk and shared contracts. I also came t0 know about a number
of other contracts such as written, period and verbal.
(Kerzner and Kerzner
2017)
6. Evaluate project
management tools
that help avoid or
provide conflict
resolution via
negotiated solutions.
I came to know about the various management tools that are sued for
addressing conflicts and how they can be resolved through negotiations from
the he case study of Central Artery and Tunnel (CA/T) Project. The number of
tools such as Basecamp, JIRA and Scoro. The way the tools helped to mitigate all
the problems helped to solve the symptoms and the problems that are
associated with it.
(Larson and Gray 2015)
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(
Insert Student Name) / (
Insert Student Number) - PPMP20011 Unit Portfolio for Week 1
References
Kerzner, H. and Kerzner, H.R., 2017. Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Larson, E.W. and Gray, C.F., 2015. A Guide to the Project Management Body of Knowledge: PMBOK (®) Guide. Project Management Institute.
Snyder, C. and Dionisio, C.S., 2017. A project manager's book of forms: A companion to the PMBOK guide. John Wiley & Sons.
Turner, J.R., 2014. Handbook of project-based management(Vol. 92). New York, NY: McGraw-hill.
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