Applying Project Management Standards and Frameworksâ€Free Samples

Question: Discuss About The Management Standards And Frameworks? Answer: Introducation PMI competency framework or project management framework encompasses the structure that project managers use to understand project management. The project managers can use various frameworks relevant to the projects (Walker Lloyd-Walker 2015). For instance, businesses have leveraged different frameworks relevant to departmental units. Importantly, each framework has strengths and weaknesses but serves the needs of projects based on the resources available. PMBoK has identified the basic knowledge arrears which project management needs to understand (Walker Lloyd-Walker 2015). The project management and frameworks can help the managers to categorize the expertise needed for the completion of the project. Therefore, the project management framework is essential in identifying and bridging the KSAE gaps. The project management maturity can influence the commercial negotiation. Interestingly, the way that supplier and procurer are perceived can affect the operations of an organization. In the process of maturity, the tenure, stability, and size of an organization influence the contract negotiation process (Walker Lloyd-Walker 2015, p. 137). In the firm with low project management maturity, it is possible for the organization to change thus making it agile. Nonetheless, aiding the procuring company enhances the negotiation process thus making the company to identify a less expensive supplier. In this case, the negotiation process becomes informal. The investigation of Walker and Lloyd-Walker (2015) provide important information regarding the gaps that project stakeholders should identify and bridge thus create a collaborative arrangement thus making the conclusion reasonable. Given the significance of a PraXitioners, I believe it is the way forward. The PraXitioner involves the practice and practical wisdom in managing projects (Bredillet 2016; Walker Lloyd-Walker 2015). I believe that it has helped me become a PraXitioner. Based on Walker and Lloyd-Walkers findings, the PraXitioner faces a future shortage in commercial negotiation situations. To this effect, the KSAE delivery approach needs to be used as it involves the use of small group or one-on-one approach to mentor and coaches them. This will make the outcomes influenced by governance and probity. Therefore, RBP is the best commercial project negotiation framework. References Bredillet, C 2016, Idiosyncratic musings on studying cases, Project Management Research and Practice, vol. 3, p. 5127. Walker, DHT Lloyd-Walker, BM 2015, Collaborative project procurement arrangements. PMI, Newton, Pennsylvanian.