PROJ6004: Contracts & Procurement- Case Study Analysis- Project Report Assignment Help

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Task:

Module 1 Reflection

Reflection is a key element of the learning journey and you are encouraged to:
1. Research and look back at the history (when, what, how and who) associated with the Case Study project and the positive outcomes it aims to generate over the whole-of- life of the procurement;
2. Exchange ideas with other students to improve their understanding of all Learning Resources (Essential, Highly Recommended and Other Learning Resources) through the discussion forum looking at particular issues from
sub-topics in Module 1 as applied to the Case Study and explore ideas and thoughts on what they would do in certain situations.

MODULE 2 Reflection

As part of Reflection you are encouraged to:
1. Seek input or comments from other students on the sub-topics (as noted in the module introduction) and the short videos to improve not only your own understanding but that of the wider groups and teams. Explore ideas on different procurement methods, including an in-depth review of the Public Private Partnership (PPP-type) procurement method and giving particular consideration to the KPMG Document (refer Highly Recommended
Learning resource).

MODULE 3 Reflection
As part of Reflection you are encouraged to:
1. Seek input or comments from other students on the sub-topics (as noted in the module introduction) and the short videos to improve not only your own understanding but that of the wider groups and teams.
2. Explore learnings on sub-topics from Module 3 (refer to module introduction), and the initiatives and judgement you applied to the questions to progress Assessment 2a.

Subtopics are
1. Financial aspects of procurement and total cost of procurement;
2. Financial aspects of contracts, risks and opportunities
3. Discussion board participation looking at the Case Study contract provisions and to explore key aspects through
benchmarking with best practices or excellence frameworks.

Module 4 Reflection

As part of Reflection you are encouraged to explore the following (in the context of Module 4 sub-topics, aims and objectives):
1. Data and evidence and how it relates to the overall objectives of the Case Study.
2. Share any “Ah-Hah” moments with other students through the module discussion forum.
3. Explore possible themes, patterns, and relationships and how linkages to the evidence are established.

Share some of the better practice procurement and contract management aspects that can be applied by students within their current work situation or in the future.

Module 5 Reflection
Consider “if…then” thinking to explore innovative approaches to performance-based contracting and vendor management. One of the most important responsibilities of the Procurement Department is administering contracts to ensure suppliers contract compliance and maximum performance (Sollish, Fred, and John Semanik, 2012). One tool to control supplier’s performance is provided day-to- day operational data such as quality evaluations and on-time delivery reports. It can be easy to close hundreds of suppliers to the organisation because procurement management regularly does not have enough of resources to do that.

Analysing that data follows the organisation to conduct periodic business reviews with key suppliers to help them know areas for improvement and the method to achieve stronger performance. Periodic business reviews are essential to understand and improve. This is the meaning of supplier relationship management (SRM). This is a
definition to describe the activities related to monitoring and improving supplier performance. Additionally, Procurement Department can develop daily tactical activities which turn around tracking and expediting deliveries and answering supplier’s claims. These activities are:

1. ENSURING SUPPLIER PERFORMANCE: Establishing a dynamic method with skilful attention to detail, as Procurement Team know that it can be complex. It is important to familiarise with objectives and terms and conditions. To achieve that by Project team is essential to define roles and responsibilities, read and understand
the contact’s requirements, be clear to take any action according to terms and conditions and maintain a strong relationship with the suppliers
2. PROCESSING CHANGE ORDERS: Normally during the lifecycle of the contract, change orders are present. It involves revising of specifications or include more requirements. These changes are tracked and recorded by the Document Control Department. Nevertheless, Procurement Team will negotiate the additional cost and delivery time with the supplier. That is why is important to establish a process to manage properly it.
3. PRICE ADJUSTMENTS: Usually, Firm-fixed- price contacts is presented when changes in the specifications or scope are required. It is important to analyse the possible causes and consequences for these adjustments. It must be included in the risk management plan. To sum up, it is vital to understand that vendor management allows organisations to construct a strong relationship with services providers and contractors that find benefits for all parties. Also, Procurement Team can find widely of methods to achieve it.

Module 6 Reflection
“if…then” thinking
Consider “if…then” thinking to explore innovative approaches to relationship management and project closure. In particular, you are encouraged to explore Client Values and Beliefs and how these may improve Client-Supplier
relationships.

Uploaded By : jack
Posted on : February 13th, 2018
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