Negotiation Management is one of the important aspect of Project Management. Every project planning involves big and small negotiations.When we start any project it is very necessary to understand the negotiation involved. If you are leading a team make sure you tell your team mates Re aware about Negotiation management and also insert some sort of stress management skills in them. Now lets talk about How one should negotiate?

 If a major disagreement needs to be resolved, preparing thoroughly is warranted, and worthwhile, think through the following points before you start negotiating:

Goals: What do you want to get out of the negotiation? What do you expect the other person to want? Trading: What do you and the other person have that you can trade? What do you and the other person have that the other might want? What might you each be prepared to give away? Alternatives: If you don’t reach agreement with him or her, what alternatives do you have? Are these good or bad alternatives? How much does it matter if you do not reach agreement? Does failure to reach an agreement cut you out of future opportunities? What alternatives might the other person have? The relationship: What is the history of the relationship? Could or should this history impact the negotiation? Will there be any hidden issues that may influence the negotiation? How will you handle these? Expected outcomes: What outcome will people be expecting from this negotiation? What has the outcome been in the past, and what precedents have been set? The consequences: What are the consequences for you of winning or losing this negotiation? What are the consequences for the other person? Power: Who has what power in the relationship? Who controls resources? Who stands to lose the most if agreement isn’t reached? What power does the other person have to deliver what you hope for? Possible solutions: Based on all of the considerations, what possible compromises might there be?

negotiation, skills

Last updated 578 days ago by P T Srinivas