(Solution) CIPS PDC Royal Commission for Alula Managing Risk of Increased Costs
New User Gifts
First Order Deal get Ksh 200 Off.
Original price was: £ 30.00.£ 10.00Current price is: £ 10.00.
Payment Methods:
Description
Solution
2.3 Risk of Increased Costs
As evidenced in Heravi and Mohammadian (2021) the cost overruns risk is as a consequence of prevalent of badly written conditions of contracts. Nevertheless, there are broadly prevalent circumstances which are integrated for prioritising on aspects which impact or potentially impacting a specific contract. In terms of costs, RCU terms and conditions note that;
Further, for RCU, they integrate Key Performance Indicators (KPIs) which are meant for ensuring that a clearly agreed pricing is used for the contracts. Often, this has contributed to challenges with the PS&M since they have remained hellbent on when these contracts could be altered. This inform the need for harnessing the awareness level of the contracts and how different occurrences could inform on the contract changes on costs. As evidence in Alebrahim vs BM Design London Ltd [2020] EWHC 3393 (TCC) case which involved a contract for refurbishment of a residential property, the contractor had increased the estimated costs initially (Creedy et al., 2010). The court of law noted that the employer can only pay for the trade price items and not any price which is not agreed upon. Further, in this case, the RCU terms and conditions note that,
Hence, there is no instances where the buyer/RCU can incur any further costs which were not initially stipulated in their contract….
Please click the following icon to access this project in full
Related Papers
(Solution) New CIPD Level 5 5C001- Organisational Performance and Culture in Practice
(Solution) CIPS ADNOC Leadership & Management in Procurement and Supply
- In summary, this assessment has focused on evaluating the best practice in achieving a successful leadership and management. In particular, this report has focused on ADNOC offshore company.
- To achieve this, impact of leadership and management on the organisation behaviour has been evaluated, the impact of leadership approaches for job satisfaction and sources of power in an organisation.
- Additionally, the relevance of equality and diversity policies in ADNOC offshore organisation has also been evaluated.
- By application of various tools and techniques such as PESTLE external analysis, this research has hypothesised that for organisations success in their operations, they ought to holistically establish the leadership and management process.
- For leadership, this has a direct impact on organisation behaviours. Further, by achieving leadership and satisfaction, an organisation success is guaranteed.
- Hence, ADNOC has been established to have a successful leadership and management process.
(Solution) CIPS Module 3 Risk of Increased Costs
(Solution) 5C003 New (AC1.2) Recognise how personal and ethical values can be applied in the context of people practice
(Solution) CIPS Oman LNG LLC Advanced Practitioner Corporate Award- APCM
- In summary, this report has established a category plan by focusing on facilities management in Oman LNG organisation.
- A summary of the category plan has been noted as appropriate to develop appropriate category guided by goals and objectives of an organisation, maximising value, mitigating risks, goods and services supply managed appropriately. In this case, the category plan is in tandem with retailers and business portfolio to pursue their client’s needs.
- The data and information has been obtained by using techniques which include Kraljic matrix, SWOT analysis, STEEPLE analysis, Porter’s 5 Forces analysis and industrial lifecycle and more have been adopted for internal and external aspects essential for prioritisation.
- This is for effective risks and management issues.
- The category plan prioritise on areas of communication, support system and managing entire risks by establishing effective category management.