Contract and Procurement Management for Mitigation- myassignmenthelp

Question: Discuss about theContract and Procurement Management for Mitigation. Answer: The absence of an effective contract management framework has been observed during the project. The contract management framework which means the execution and monitoring of contract in order to maximize the financial gain from the project as well as maximizing the operational performance during the project were not present during the running of project (Kerzner Kerzner, 2017). Impact: The absence of the effective framework of contract management increased the maverick buying and supply risk. At the same time, it decreased the spend leverage. Spend visibility was unclear because of lack of effective contract management framework. Mitigation: The issues can be mitigated by implementing a proper framework of contract management which will maximize the operational performance. Possible learning: An effective contract management framework is thus an integral part of contract and procurement management. The delay in completion of the project was observed as one of the key issue. Compared to the planned schedule of completing the project which led to the dismissal Judith Carr, who was the Project director of RAH and Deputy Simon Morony replaced his position (Harri McCaffer, 2013). Impact: The effects of the project delay were highly significant. Due to the delay of the project, cost of the project was overruned. At the same time more time was consumed unnecessarily. Moreover, several disputes have been reported. Mitigation: The project delay could have been avoided by an effective strategic plan, extensive use of technology and appropriate cost estimation primarily. Possible learning: in order to mitigate the issues that cause the delay of project, the major causes behind the delay need to be studied. Change governance had a crucial influence on the project management. As the management structure changed completely, the overall management restructured again, which created difficulties in the middle of the project. However the changed governance assured quality of the deliverables (Kerzner Kerzner, 2017). Impact: one of the major impacts of the change of the governance was it assured quality of the deliverables during the project. At the same time, it also had negative impact on the contract and procurement management as it created difficulties cope with the changed governance. Mitigation: the negative effect of the governance change could have been mitigated by making the members of management aware of the changes before changing the governance structure. Possible learning: in order to avoid the negative impacts of the governance change, the members of the management should be aware of the new structure of the governance, before it changes. References Harris, F., McCaffer, R. (2013).Modern construction management. John Wiley Sons. Kerzner, H., Kerzner, H. R. (2017).Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons.