BMGT4060H Procurement & Contract Mngt

Academic Year 2020/2021

Delivering value is the main purpose of project management. Project teams generate value for customers and stakeholders including outside organizations involved in the project. An effective Procurement and Contract Management process is the primary mechanism used to deliver this value in projects today. At the heart of value generation is the issue of who participates in the project. This brings to the surface the primary decisions that determine which parties are best prepared, suited and equipped to undertake specific parts of the project. This leads to determining how to best procure the required resources. While a portion of every project is undertaken in-house, often most of the project work is outsourced. Decisions about how to source products and services will be based on: • Project strategic priorities, its needs and its business context as well as• Various procurement options and settings available;This module examines leading project Procurement and Contract Management theories and current best practice and applies it to a variety of sectors and industries.

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Curricular information is subject to change

Learning Outcomes:

On completing this module students will also be able to:
• Employ suitable theoretical and business model to assist the identification and resolution of project procurement problems. For instance, the student will be able to select most appropriate sourcing strategies, suppliers, association forms and contractual forms taking into account the projects strategic priorities, needs and business context. Also, they will be able to look beyond project specific objectives: assessing suppliers’ innovation potential and manage supplier relationships across projects.Source: home readings and In-class discussionAssessment: Participation and second group assignment• Select and utilize appropriate strategies (oral, written and visual) to communicate organizational challenges and to advance objectives to meet these challenges. For instance, student will be able to understand how negotiations should be conducted in order to (i) create agreement around the procurement setting that best suits projects strategic priorities, needs and business context and (ii) govern procurement relationships to resolve conflicts avoid scope creep.Source: home readings, In-class presentation and discussionAssessment: Participation, group assignments• Employ appropriate negotiation skills for working with individuals across cultures and societies.Source: Groups are heterogeneous in terms of nationality.Assessment: Group assignments.• Engage in collaborative learning and draw on personal and colleagues’ talents to promote effective and ethical business practice.Source: In-class presentations and discussionsAssessment: Participation and group assignments• Conduct an original research and utilize appropriate online databases to conduct research on business environment issues and trendsSource: Home readings and individual assignmentAssessment: Participation and individual assignment

Student Effort Type Hours
Lectures

24

Total

24

Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: Examination 2 hour End of Trimester Exam No Graded No

60

Assignment: Main Assignment Varies over the Trimester n/a Graded No

40


Carry forward of passed components
No
 
Resit In Terminal Exam
Spring Yes - 2 Hour
Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

General feedback is provided to students on all their submitted assessment components.

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