APM Guide to Contracts and Procurement: For Project, Programme and Portfolio Managers provides a basic understanding of how to acquire subproject work and manage delivery throughout the phases of the procurement lifecycle. Dr David Lowe, Manchester Business SchoolDavid Lowe is Senior Lecturer in Business Management and Head of the Project and Programme Management Affinity Group in MBS`s Innovation, Policy and Management Department. He is the Program Director for the Blended Learning MSc in International Business and Contract Management and several executive training programs in Business and Contract Management. Clients include Rolls Royce, BAE Systems, Thales, BT, the National Skills Academy Nuclear and the Foundation Trust Network (NHS). David is a Fellow of the Royal Institute of Chartered Surveyors, a Fellow of the Academy of Higher Education and an Academic Advisor to the International Association for Contract and Commercial Management (IACCM). His consulting activities include benchmarking the engineering and project management supply of an international pharmaceutical company. His teaching interests include: business management, business strategies and tactics, and contract management. Similarly, his research interests focus on trade and contract management in the context of project-based industries ranging from ICT/telecommunications to aerospace and defense. Completed research projects include: a review of the costs of different procurement systems and the development of a predictive model; a project to support medium-sized construction companies in establishing strategic partnerships and diversifying into new business opportunities offered by public and private clients; and a review of the business management function in the telecommunications and construction industries. His PhD completed at UMIST examined the development of expertise through experiential learning. His contributions to books include Contract Management, in The Wiley Guide to Managing Projects (Wiley, 2004), and Commercial Management of Projects: Defining the Discipline (Blackwell Publishing, 2006), which he edited with Roine Leiringer.
The latter is the first book to create a theoretical framework for business management. The guide has been prepared by a panel of authors with practical experience and is aimed at project professionals and stakeholders in organisations, e.B tax officials, who wish to raise their awareness of how sub-projects can be purchased. The book is divided into four parts: Part 1 Introduction – Business Management in Project Environments examines the nature of business practice in project-oriented organizations at the buyer-seller interface. It introduces a business management framework that illustrates the various interactions and connections between the buyer`s procurement cycle and a supplier`s procurement and implementation cycles. In addition, it describes the main activities of the business function, identifies the skills and capabilities that support those activities, and reviews the theories and concepts that underpin business practice. Finally, common practice areas with other functions in project-oriented organizations are identified, as well as sources of potential conflicts and misunderstandings. The guide divides the process of acquiring large work packages into individual phases. This allows the busy project manager to quickly understand the key points required at the beginning or during the flight when corrective action is needed. Each phase contains an easy-to-understand flowchart, including the required inputs and outputs. Part 2 – Elements of Business Theory and Practice deals with business leadership; strategy research; risk and uncertainty management; financial decision-making; and important legal issues. Part 3 – Business Practices Approaches discusses the management of best practices; and commercial and contractual strategies and tactics.
Finally, Part 4 case studies proposes two advanced case studies: football stadiums (Millennium Stadium, Cardiff; Emirates Stadium, Islington; and Wembley Stadium, London); and Heathrow Terminal 5. • PowerPoint slides for speakers on each chapter Business Management: Theory and Practice define the role of business management in project-oriented organizations and provide a framework and help develop a critical understanding of the factors that influence the practice of business management. It also identifies generic aspects of this practice and provides a theoretical basis for these activities by referring to existing and emerging theories and concepts, as well as relevant management practices. .