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¶ … Industries:
• Service (public and private)
• Manufacturing
• Software and IT
Compare the chosen industry with construction / building / maintenance with respect to how you would conduct project reviews to integrate procurement, risk management, and contractual obligations. How would the reviews differ in the two industries if the project were carried out completely in-house instead of involving a third party for some or all of the work?
I choose service (public and private) and compare it with construction / building / maintenance with respect to how I would conduct project reviews to integrate procurement, risk management, and contractual obligations. Similarities are that in both cases, the work has to go through a series of stages and these are planned with tasks delegated, decided upon, and monitored. Each stage is planned before implementation.
Both areas need planning too and implementing research in order to assess predictions that are relevant to the field. However, in the service realm this is more important and pertinent than in the construction realm, since the service realm involves a far more diverse and chaotic mix of factors that concerns different aspects...
The service realm is far more dependent on external circumstances and on cyclical nature of demand than the construction realm is (p.9). The former is far more contingent on stress and changing factors that may even deem their service irrelevant. The construction realm however is more stable with far less flux involved (xxi). These considerations impact the project reviews in regards to integrated procurement, risk management, and contractual obligations. Ethics too need to be taken into consideration and these are likely to be more complex in the service mode than in the construction mode although pertinent in both.
In both areas and when conducting reviews, I would assemble expert knowledge of workings of the place from peers, technical specialists, associated associations, experts, and the like. This set of knowledge would then be divided into 4 categories: project objectives, guiding principles, working assumptions, and technical perimeters. The guiding principles refer to rules of conduct; working assumptions are hypotheses that reviewer wants to check whether or not they are true, and technical perimeters refers to precisely defined and often quantifiable deliverables…
When a third party is brought in however, there may differences of perception, with the review being stretched out and budgetary expense may occur (p74). On the other hand, it can avert the situation where sponsor and stakeholders cannot agree on objectives and/or on implementation.
Source
Costin, A.A. (2008) Managing difficult projects. Burlington, MA: Elsevier Butterworth-Heinemann.
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