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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. Try to ask yourself the questions that were in the slides in...

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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.

Try to ask yourself the questions that were in the slides in this week’s lecture:

1. What role do you think the project manager has in commercial negotiation?

2. Does that role vary according to the type of project?

3. Does that role vary according to the type of industry?

4. Does that role vary according to where the person is in the organisation i.e. project manager, program manager, portfolio manager?

5. What does the material in this week have to do with the Channel Tunnel project?

In the Executive Summary and Chapter 1 of Walker & Walker XXXXXXXXXXCollaborative Project Procurement Arrangements, in reflection:

1. What is Relationship-Based Procurement (RBP)?

2. What does Procurement have to do with Negotiation?

3. In what way does the engagement of the Project Manager vary according to the level (1, 2, & 3) given in Chapter 1 of Walker and Walker book?

XXXXXXXXXXHave you spent any more time with YouTube and do you have any more reflections you wish to write about?




For the book :

  • Read the start of the book, including the Executive Summary, Chapter 1. Then skim Chapter 2 (we will read that in more detail next week). Make sure you understand the Executive Summary and Chapter 1. Chapter 2 is fairly long so make sure you have started to understand the structure of the book. Look at the headings. Look at the diagrams and pictures. Read the first sentences and any conclusions. Think what this means to the project manager on a commercial project, such as the Channel Tunnel.
Answered Same Day Nov 29, 2020

Solution

Sundeep answered on Dec 02 2020
157 Votes
1. The commercial manager is the one who has the authority to implement the business opportunity and the operating cost comes under the guidance of the project manager. A project manager has to identify opportunities in a negotiation and try to
ing out a positive outcome for the organization. The manager with excellent negotiation skills can secure profitable deals and good relationships
2. No, the role doesn’t vary with respect to the type of project, but the level of involvement does. If substitute managers or assistant managers are present, then the project manager can play the role of a guiding hand
3. While there are different roles in different industries and the job description of the project managers differ, the role of some managers include client and bid negotiations. In case of industries where client interaction and bid involvement is less, the project manager doesn’t have a major role to play
4. Yes! The designation of the person negotiating is a very...
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