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Commercial case study - Essay Example

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With an unrelenting focus on the triple constraints (i.e. cost, time and specifications) an independent project manager makes sure that the project meets the…
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Commercial case study
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Download file to see previous pages The client in these contracts has no long term liabilities to the independent project manager who can be dispensed with if he/she fails to meet the terms of the contract. Moreover, the independent project manager can be compensated using a variety of payment mechanisms, the details of which have been presented in the report.
Dobson (2004) and Frame (2002) believe that one of the most basic rules of project management is to focus on the triple constraints which are Scope, Time, and Cost. Any relaxation in any of these results in a snowball effect on the scope, late and over-budget project delivery, resulting in unsuccessful categorization of the project.
An independent project manager gets to have an impartial view of the situation without any preconceived notions and biased relationships (Walker, 2002, p. 10). Moreover, it is difficult to influence an independent project manager through the existing negotiation power that may rest with the other parties involved.
An independent project manager provides a critical analysis of the scope of the project without any conflicts of interest. Scope setting by the owner of the project often results in over-commitment whereas if done by the contractors often results in under-commitment. An independent view on the other hand provides a more balanced assessment of the situation.
According to Ibbs and Kwak (2000), and Peter Morris (1999) procurement is an important component of project management. An independent project manager is largely unaffected by the balance of power in existing vendor relationships. Moreover, he can make unbiased decisions for the good of the project without the burden of existing relationships hanging over him. An independent project manager brings in a fresh perspective, a broad list of vendor options and experience of dealing with them, and best practices from the industry regarding contractual relationships. He will also be ...Download file to see next pagesRead More
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