Reference no: EM133882579 , Length: word count:4000
Project Governance and Contracts
TOPIC: SMOOTHING PROJECT GOVERNANCE: TOWARDS BETTER CONTRACTING
Learning Objectives
Demonstrate the impact of uncertainty, encompassing both market dynamics and technological factors, alongside behaviour alignment facilitated by contractual agreements, on project governance and performance.
Show that the effect of contracts on project performance is an important aspect of project management.
Outline a broader view of behaviour alignment between project stakeholders than merely through contracts.
Demonstrate role of contractual relationships on project governance and performance.
Alignment with Course Learning Outcomes
These learning objectives aligns with the following course learning outcomes (CLO):
CLO 1: Identify and analyse effective project governance & contracting in different organisational contexts
CLO 2: Examine and implement an effective project governance and contract management framework
CLO 3: Apply effective project governance and contracting to a wide range of industries, including Information technology, defence, construction, public sector, social, finance, medical, research and commercialization.
CLO 5: Illustrate continued learning and personal development
Case Study: The Haramain High-Speed Railway Project in Saudi Arabia
Assessment Task
Apply the understanding of project contracting, including contract types, contractual relationships, opportunism, and underlying theoretical perspectives in project contracts, to analyse the project governance challenges experienced in the Haramain High-Speed Railway project. Provide recommendations on how the failures could have been addressed. In addition to the case background provided, you are expected to conduct additional research on the Haramain High-Speed Railway project to have a more robust understanding of the intricacies surrounding the project. Get affordable and professional assignment help now!
Business Report Structure
This section presents the structure of the report and some key elements to capture in each of the sections. Note that this is not an exhaustive list. You are expected to demonstrate thorough and in-depth knowledge and understanding of contracting in project governance.
Executive Summary Table of Contents
1.0 Introduction
Brief background
Project Performance: Challenges and root causes briefly highlighted. This should capture discrepancies on the dimensions of budget, schedule, quality, and scope.
Purpose of the report
Outline the structure of the report
Analysis of Challenges (What caused the low performance?)
Theoretical Perspectives
Understanding Uncertainty in Project Governance and Contracts (What role did uncertainty play?)
Apply relevant management tools
Warning systems
Implications for Project Success
The Power of Project Contracting Choice
The Nature of Contractual Relationships
Contracts are embedded in a broader management process
Characterise the relationships among key stakeholders in the project. Capture their respective interests and obligations.
Relational contracts- capturing the role of building relationships and trust. Differences in management cultures
Recommendations (What could have been done?)
Conclusion References