-67%
Awaiting product image
Click to enlarge

(Solution) CIPS PDC Royal Commission for Alula Managing Risk of Increased Costs

New User Gifts

First Order Deal get Ksh 200 Off.

KaribuCustomer

Original price was: £ 30.00.Current 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

-80%
Placeholder

(Solution) New CIPD 5C001: Organisational Performance and Culture in Practice

Original price was: £ 50.00.Current price is: £ 10.00.
Add to cart
Solution Table of Contents Task Questions. 2 1.1 Organisation Structure Evaluation. 2 Hierarchical Structure. 2 Horizontal Organisational Structure. 3 1.2
-67%
Placeholder

(Solution) CIPS Advanced Practitioner Commercial Management Assessment

Original price was: £ 30.00.Current price is: £ 10.00.
Add to cart
Executive Summary For this assessment, a business report has been developed for evaluating global commercial strategy. This report focuses on S-Chem organisation. The importance of evaluating the global commercial strategy is informed by its effectiveness in guiding an organisation successful leverage on competitive advantage and dominance in their business environment. To achieve the intended business report aim, the focus areas included relationship between strategy and corporate; business and functional structures, methods of analysis of supply chain, resources management for supporting development and implementation of strategy and how costs and finances influence supply chains. Through the application of different models and theories (CIPS Module Notes), a set of findings have been generated. The key findings indicate that there exist a direct  relationship of strategy and corporate; business and functional structures. In regard to supply chain analysis, various tools are applicable which are qualitative and quantitative. The findings indicate the analysis target areas of supply chain visibility, risk management, competition and improvement areas in their supply chain. Another key finding evidence effective  use of resources is dependent on holistic inclusion of all stakeholders. With S-Chem being a conglomerate of various entities, implementing a global commercial strategy would mean that they reduce their costs overruns, increased profitability and dominate the chemicals manufacturing industry. This is since it is aligned to the Key Performance Indicators (KPIs) which impact the contract management and supply chain management. In line with key findings and conclusions generated, a set of recommendations have been obtained which include;
  • Embrace in technology and innovation for purpose of improved analysis of relations of corporate and strategy
  • Enhance flexibility of supply chain by improving collaboration of different suppliers
  • Actively involve PS&M department in supply chain analysis by predicting and satisfying customer demands
  • Update the supply chain network for management of the different identified risks
-80%
Placeholder

Solution) 7C002 Question 6 (AC2.2) People Management Practices with improved business performance

Original price was: £ 50.00.Current price is: £ 10.00.
Add to cart
Question There has been extensive research evidence that links people management practices with improved business performance. Selecting one piece of
-75%
Placeholder

(Solution) CIPS Module: Global Strategic Supply Chain Management

Original price was: £ 40.00.Current price is: £ 10.00.
Add to cart
  • In this assessment, the focus has been on evaluating global strategic approach for WoodPlc supply chain identified. The relevance of this is informed by assumption that supply chain is anchored on the need to influence changes in market in supply chain practices. This is while sustainable global sourcing strategies being used.
  • The findings evidence strategic logistical impact of an organisation and supply chain management process has an impact on corporate performance. The different tools and techniques which have been applied inform on the best practice of the organisation operations.
  • For WoodPlc organisation working in oil and gas contracting sector in UAE, reviewing of their supply chain is used by use of best practice in their practice. Also, an identification of entire risks, issues incurred and opportunities evident.
In line with this report findings, a set of recommendations could be provided which are;
  • The findings in this report evidence different challenges as affecting collaboration. This assessment recommend need for Improving collaboration, network-based practice and innovativeness to ensure they embrace sustainability in supply chain
  • Today, WoodPlc has been identified as lacking appropriate continuous development strategy for all stakeholders and end-users of their operations. Improving supply chain development through an increased chances for learning
  • In WoodPlc, they are encountering immense transitioning from modern supply chain and use of technologies. There is a need to manage all the supply chain relations. This is for the Conflicts management in entire supply chain relations to ensure stakeholders are involved and part of the implementation of the practice
  • In this report, it has been concluded on the existing challenges in their tiers. To manage the challenges identified from the Porters 5 forces analysis, there is a need to introduce end-to-end supply chain for their overall demands which capture various tiers for including all operations. This is to guarantee a successful management of the overall supply chain and performance management issues
-75%
Placeholder

(Solution) New Assessment ID/CIPD_3CO03_24_01 Core behaviours for people professionals

Original price was: £ 40.00.Current price is: £ 10.00.
Add to cart
Solution 1.1 Ethical principles and professional values at work a) Ethical principles refer to the core concepts of right and
-67%
Placeholder

(Solution) CIPD 5CO02 principles of critical thinking

Original price was: £ 30.00.Current price is: £ 10.00.
Add to cart
Solution Explain the principles of critical thinking including how you apply these to your own and others’ ideas. (AC 1.3)