Critical Evaluation of Risks Associated with Contract and Procurement Management Approaches for Glob

Learning Outcomes

1. Critically evaluate the risks associated with contract and procurement management approaches and make recommendationsto global project
sponsors with regard to ‘best practice’ in this area.

2. Apply judgement and initiative in the development of ‘best practice’ contract and procurement process for global project management, identifying the external factors that need to be considered and mitigated for in every instance.

3. Analyse the responsibilities of the procurement manager and project manager necessary to ensure stakeholder satisfaction

Context:

General

Procurement and contracts are integral to successful project management. Planning for purchases and acquisitions, requests for proposal, vendor selection, contract administration, and contract closure are integral parts of the process. Learning fromcase studies and benchmarking against better practices, standards and excellence is vitalto understand complexity of issues and successful strategies for procurement and contract management. It will also ensure improved responsiveness to key issues, promote supplierclient relationships through proactive management of risks and ultimately deliver higher level of focus on performance-basedoutcomes.

Specific (Assessment 2 Context)

Assessment 2 is about uncovering complexities in the procurement context generally, identifying key issues, looking at leadership, governance and key themes that will allow improved focus, and learning.

Assessment 2 is based on understanding the case study and other module Learning Resources.

Students are encouraged to look at the Essential and Highly Recommended Learning Resources and other public documents associated with the case study.

However, a careful thorough review of the report is required to understand the contracts and procurement issues that have arisen during the project execution, ongoing risks mitigations and lessons learnt that can be applied to other large infrastructure projects.

Assessment 2 aims to encourage a deeper understanding of the challenges faced in large complex projects – particularly with procurement methods that involve private-sector finance to deliver complex projects – which is a significant method of procurement because it can mobilise global financial and procurement capability to innovatively build public infrastructure and facilities to meet the needs of the growing population.

Students are also encouraged to understand and explore the related organisational issues, stakeholders and the funding and finance aspects associated with the project Instructions:

Assessment 2 Individual Report (overall 2,400 Words) is designed around analyzing the procurement in the case study project. This assessment comprises of three parts:

Part A: Introduce and summarise the procurement context and scope (life cyclejourney of the case study project). Identify the project procurement components and tender evaluation that may have been used in the case study (according to your knowledge from the theory you have studied).

Part B: Describe the complexities (and key issues/risks), discuss the project environment and organisation aspects, leadership and governance and how these have influenced outcomes.

Part C: Identify or suggest key mitigations and possible learnings. Explain how those learnings may require changesto roles and responsibilities of key project resources, changes to procurement briefsor specifications, scope and the procurement process itself. Identify dependencies and common themes.

Learning Activities and Output:

The learning process will involve the deconstruction of the case study material to answer questions, examine lessons learnt and highlight issues for further discussion. You willbe encouraged to reflect on your case study findings in order to identify contracts and procurement management best practices which can be applied in the future to significant projects that you may lead as project manager or oversee in a senior role.