Answer To: This is a Project management course's consolidated portfolio. There are 10 weekly portfolios student...
Sakshi answered on May 30 2020
PROJECT MANAGEMENT
Table of contents
Introduction 3
a. Learning Outcome 1 3
b. Learning Outcome 2 4
c. Learning Outcome 3 4
d. Learning Outcome 4 5
e. Learning Outcome 5 6
f. Learning Outcome 6 6
g. Learning Outcome 7 7
h. Learning Outcome 8 8
i. Learning Outcome 9 8
Conclusion 9
Introduction
The consolidated portfolio consists of the major learning outcomes which highlight the importance of system thinking in project management. The learning outcomes have different objectives which have been shown here in different aspects. The relevance of the system thinking has been discussed here along with the importance of portfolio managers. Different system thinking tools are also highlighted with the relevance of the system engineering and the project cases. Moreover, the concepts of the process are described here with proper evidence. The explanation of the importance of selection of project manager is manifested too. The use of project management application with the advantage or disadvantages is discussed. The PPPM application is also mentioned in terms of their uses and variations. The discussion of the contemporary development is focused on the portfolio execution in the project development process.
a. Learning Outcome 1
Explain the relevance of systems thinking to the project, program and portfolio manager.
Summary: System thinking is a very important process which engages major factors in organizations and also enhances the functions by identifying the places where it needs to bring changes. Other than that the system thinking process has been found out to be very important as it brings different kinds of development within an organization by monitoring the current functions and engaging the operation team to take necessary steps. On the other hand, the project management process is basically depending on the managers those who make proper changes according to the need of the organization's need (Powers et al. 2017). The portfolio managers are responsible as they take proper action by system thinking in project management for the development process of it.
Evidence: As the disaster happened in the Gulf of Mexico, it was a clear evidence of the importance of the project management and system thinking in an organization. It has been found that the lack of system thinking in the project management caused the huge disaster which shows the major importance of it (Thompson et al. 2017). If the management was strong then there would have no such occurrence of the incident happened.
b. Learning Outcome 2
Identify different systems thinking tools and techniques to aid project managers to solve project problems
Summary: System thinking tools are widely used by organization managers in order to bring changes and to make efficient decision-making process within an organization. It has been observed that not having such tools can lead the organization to a tremendous problematic phase which might bring damage or disaster to the organization. It has been identified that most of the organization use different kinds of system thinking tools to bring development in their project work (King et al. 2015). Brainstorming is known to be one of the most popular tools which have been found in various organizations. The importance of brainstorming is immense as it includes the employees or the followers of an organization to make a united decision by contributing their own choices. Dynamic thinking tool is another powerful tool as it brings proper assessment of the organizational position and helps to take necessary actions against it.
Evidence: Mitigating the identified issues in an organization is as important as its productivity. It helps the managers to understand the various aspects of the organizational management change. The requirement has been found out in the Macondo disaster which showcased the importance of the system thinking tools in the process. It has been found that the oil spilling disaster happened because of the lack of unity in working procedure and also the lack of teamwork in the process (Jurcevic et al. 2015).
c. Learning Outcome 3
Assess the relevance of systems engineering to project cases.
Summary: Importance of system engineering is very important as it determines the potentiality of the project management. It has been observed that system engineering is known to be very powerful as it helps to bring efficacy in the management process. The project case has showcased the Deepwater Horizon Oil spilling incident which has majorly showcased the relevance of the system engineering in the project management. System engineering in an organization monitors the daily activities and makes proper configurations according to their needs (Tucci et al. 2014).
Evidence: In the evidence, it has been observed that the incident of oil spilling in the Gulf of Mexico took place because of the lack of organizational improvement and also the absence of system engineering in the management. The system engineering was missing in the incident which includes the requirements and the design of the infrastructure. Not only that, a test of disciplinary collaboration is also required for the process (Goussev et al. 2014).
d. Learning Outcome 4
Describe how systems engineering concepts and methodologies can help a project, program and portfolio managers organize a project
Summary: System Engineering is the process of breaking down the complex systems to get a proper evaluation from them. Moreover, it has been identified that this is an interdisciplinary field of engineering management that helps to build and design the project structure. Moreover, the manufacturing process is also a part of this management as it delivers its performances by analyzing the current structure of the system (Kostalova et al. 2015). System engineering process also manages the time and the cost of a project that helps the project managers to understand their budget and to take necessary steps according to it.
Evidence: As a part of evidence it has been identified that the Macondo disaster, the concept of the system engineering was not clear which led the incident to become what happened in there. The catastrophic incident took place in the Gulf of Mexico as there was no major improvement in their operational performance (Teixeira et al. 2016). The operational need was not met by the engineers and the project managers which became one of the big reasons for the occurrence of such incident.
e. Learning Outcome 5
Explain the importance of appropriate selection of project management (PM) application systems in regards to meeting the internal and external objectives of a project.
Summary: In order to implement the strategic goals it is very important to have a project management plan for an organization to bring necessary developments. Project management is very crucial as it ensures that there is a proper plan of executing on the strategic goals or objectives of the organization (Tromp and Homan, 2015). The project management is broken up into different parts which are accomplished by the task which are created by the managers of the organizations. The project management work is assigned by the leaders or the project managers to the workers. There are various kinds of project training which are provided by the managers when it comes to managing the project work. On the other hand, it has been identified that the project work is assigned on the basis of the skills and knowledge of the chosen candidate. The goal of project management team is to accomplish the goals and the objectives on given time so that it could be prevented on time (Grover and Froese, 2016).
Evidence: The management service of the Deepwater Horizon incident was poor. They did not have the proper way to implement the plan for the project work. Less of collaboration was responsible for the disaster. It has been investigated after the incident that there were no testing and proper training given to the candidates in the Mineral Management Service of United States Department. Hence, it became inevitable for the disaster to happen in the concerned scenario (Riol and Thuiller, 2015).
f. Learning Outcome 6
Summary: The process of project management system implementation by proper system thinking and the proper implementation of those systems should have to be very carefully done in order to make the industry system oriented. The process of orientation in this way should be very much known as the employee of the company should also have to know the process of the working structure of system management. In this way the system thinking should be more and more secured interns of the very best analysis of the proper management of the software including the system which should help those systems to work fast and also it will help in decision making.
Evidence: The BP oil spill is the evidence of the improper decision making and the very poor management of the system. In terms of system thinking the process lacked a lot, that's why it has been a very major reason of the process which caused it to deteriorate as well as the bad and mighty condition of the oil spill. If proper management and systematic approach would have been there then it shouldn't be the main reason for the process to happen. The process of the oil spill has to lead us to the very good possibility of the implementation of the system which might have been in the process.
g. Learning Outcome 7
Summary: The process of the proper project management by proper implementation of system thinking should lead a very good process of program, project and portfolio management. the process of this should have to be implemented keeping in mind about the drawbacks of the electronic and manual project management. The several drawbacks of electronic project management are the overrated cost, more secure infrastructure. The employees should have to be given proper training in terms of the operation of those process executions. The drawbacks of the manual systems are that they are more prone to error and also time-consuming rather than the electronic project management.
Evidence: The incident of the Gulf of Mexico has been the live example of the process of lacking in manual PPPM. The process of the manual management had led to the disaster of the project and the oil spill incident happened. In the process of extracting the oil, most of the resource has not been used properly and also lack of management and the lesser fund had led the infrastructure to be a disaster in the process. The life cycle of the project should have to be mentioned in the process and the incident should be therefore a very big success and the proper planning should have been used at that time.
h. Learning Outcome 8
Summary: The project manager should have to be managed in such a way so that no other drawbacks should be there at the time of project management. The very good management of the project should have to be the SMART approach oriented. It should help in implementing the proper goals and also the object-oriented approach should have to be in the process. The perfect and very specific approach should have to be implemented in terms of getting the access to the project, portfolio management. The program should be at the very best implemented to get the best results from the system thinking.
Evidence: the incident of deepwater horizon oil spill is the proof of improper project, portfolio, and program management in terms of the life cycle of project .this project has a very good example of a improper management as well as the lacking its real-time implementation. the process of the bad impacted management has to lead the oil spill disaster to make happen . in that case the process management should have been verified much carefully and in order to make it indifferently applicable to the section of other domains also, it should have been very appropriate to the process. In this disaster, the importance of the automated project management is very much evident .so this should have been the process of managing the system thinking in terms of different domains.
i. Learning Outcome 9
Summary: The contemporary development is needed in the project management in order to have the project management to be used in all other process or the other industry. The process is one of the necessary implementations which should have to do to have a very brief analysis of the project. The process of the development includes the drawback as well as the solution of the drawbacks for having the particular solution of the problem. In this process of development, the other industries should have to be mentioned and the development can be also with the regarding of these plans in this process of development.
Evidence: The incident of the Gulf of Mexico is the best example of the less contemporary development. The disaster happened due to the undeveloped process of management. For having these issue solved at the time, a very brief yet a very good development plan was needed there to be in the process of management. The worst issues should have been analyzed in order to have the best development plan for the process of the management. In all the domains of the industry as well as the other industries, the best plan was needed to be there to execute the process. This way, there should have been a very important yet a compact development and by following that it could have been a very best and manageable process at the time. In order to have the perfect assessment of the PPPM, the very best scenario should be kept in mind.
Conclusion
After analyzing the learning outcomes it has come to concern that it is very important to engage system thinking process in an organization for its betterment. The whole project development solely depends on the taken decisions and the degree of it. In the project development process, it has been found that the decisions made by the decision makers are very important the future of the project basically depends on it. On the other hand, the portfolio has showcased the learning outcomes on various aspects including adhering different pieces of evidence with it. It has been found that the lack of system thinking in project development has brought catastrophe in the Gulf of Mexico incident.
Reference list
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Appendices
Appendix 1: Week 1
Reading samples
Learning outcomes of the unit
Learnings from your weekly study, experience, this and prior unit readings and assignments
Supporting documentation including any prior learning
Mandatory Readings
1. SEBoK: 'Introduction to SEBoK'
1. SEBoK: 'Introduction to Systems Engineering';
1. SEBoK:Part 7: Systems Engineering Implementation Examples
1. Kerzner (2013) Chapters 2.1; 2.6 - 2.8; 2.21;
1. AS/NZS 15288:2015 Introduction;
Optional Readings
1. AS ISO 21504:2016 Project, programme and portfolio management—Guidance on portfolio management;
1. Explain the relevance of systems thinking to the project, program and portfolio manager.
System Thinking is the process of understanding the current situation of an organization and taking necessary steps in order to bring the changes in the process. The system thinking process aligns parallel with the project management as it also defines the structure of the project management in terms of the necessary changes.
PPMP20012Unit Profile
PPMP20012 Moodle Web site
Have you any insights you can add from other units you have studies or readings you’ve made?
Mandatory Readings
1. SEBoK: 'Introduction to SEBoK'
1. SEBoK: 'Introduction to Systems Engineering';
1. SEBoK:Part 7: Systems Engineering Implementation Examples
1. Kerzner (2013) Chapters 2.1; 2.6 - 2.8; 2.21;
1. AS/NZS 15288:2015 Introduction;
Optional Readings
1. AS ISO 21504:2016 Project, programme and portfolio management—Guidance on portfolio management;
1. Identify different systems thinking tools and techniques to aid project managers solve project problems.
There are different kinds of tools such as Conceptual Model and Contextual diagram which are used to bring development to the project development process. The tools are also used to assess the potential problems of the organizations according to their organizational situation.
PPMP20012 Unit Profile
PPMP20012 Moodle Web site
Have you any insights you can add from other units you have studies or readings you’ve made?
Mandatory Readings
1. SEBoK: 'Introduction to SEBoK'
1. SEBoK: 'Introduction to Systems Engineering';
1. SEBoK:Part 7: Systems Engineering Implementation Examples
1. Kerzner (2013) Chapters 2.1; 2.6 - 2.8; 2.21;
1. AS/NZS 15288:2015 Introduction;
Optional Readings
1. AS ISO 21504:2016 Project, programme and portfolio management—Guidance on portfolio management;
1. Assess the relevance of systems engineering to project cases.
System engineering is another helpful process which manipulates the organizational activities by including and excluding functions. Monitoring and configuring structures are the fundamental factors in the system engineering process. In the project case, it has been found that lack of proper system engineering can lead the organization to a massive disaster. Hence it is important to have system engineering implemented in the organization for future aspect (Kostalova et al. 2015).
PPMP20012 Unit Profile
PPMP20012 Moodle Web site
Have you any insights you can add from other units you have studies or readings you’ve made?
Mandatory Readings
1. SEBoK: 'Introduction to SEBoK'
1. SEBoK: 'Introduction to Systems Engineering';
1. SEBoK:Part 7: Systems Engineering Implementation Examples
1. Kerzner (2013) Chapters 2.1; 2.6 - 2.8; 2.21;
1. AS/NZS 15288:2015 Introduction;
Optional Readings
1. AS ISO 21504:2016 Project, programme and portfolio management—Guidance on portfolio management;
1. Describe how systems engineering concepts and methodologies can help a project, program and portfolio managers organise a project.
The system engineering process has various steps which include monitoring the organizational process and also configuring as per the requirements. On the other hand, testing, maintaining operational system and installations are being done as a part of their implementation methodology.
PPMP20012 Unit Profile
PPMP20012 Moodle Web site
Have you any insights you can add from other units you have studies or readings you’ve made?
Mandatory Readings
1. SEBoK: 'Introduction to SEBoK'
1. SEBoK: 'Introduction to Systems Engineering';
1. SEBoK:Part 7: Systems Engineering Implementation Examples
1. Kerzner (2013) Chapters 2.1; 2.6 - 2.8; 2.21;
1. AS/NZS 15288:2015 Introduction;
Optional Readings
1. AS ISO 21504:2016 Project, programme and portfolio management—Guidance on portfolio management;
1. Explain the importance of appropriate selection of project management (PM) application systems in regards to meeting the internal and external objectives of a project.
The application of project management selection is essential as it defines the future of the organization and on the other hands, it also brings efficacy in during the project work. It maintains the program and helps to build a proper portfolio management.
PPMP20012 Unit Profile
PPMP20012 Moodle Web site
Have you any insights you can add from other units you have studies or readings you’ve made?
Mandatory Readings
1. SEBoK: 'Introduction to SEBoK'
1. SEBoK: 'Introduction to Systems Engineering';
1. SEBoK:Part 7: Systems Engineering Implementation Examples
1. Kerzner (2013) Chapters 2.1; 2.6 - 2.8; 2.21;
1. AS/NZS 15288:2015 Introduction;
Optional Readings
1. AS ISO 21504:2016 Project, programme and portfolio management—Guidance on portfolio management;
1. Describe how the use of project management (PM) application systems can lead to effective PM knowledge management and decision making.
The implementation of Project Management helps to make a better understanding of the project managers in the process. It also helps to identify the issues which are faced by the organization.
PPMP20012 Unit Profile
PPMP20012 Moodle Web site
Have you any insights you can add from other units you have studies or readings you’ve made?
Mandatory Readings
1. SEBoK: 'Introduction to SEBoK'
1. SEBoK: 'Introduction to Systems Engineering';
1. SEBoK:Part 7: Systems Engineering Implementation Examples
1. Kerzner (2013) Chapters 2.1; 2.6 - 2.8; 2.21;
1. AS/NZS 15288:2015 Introduction;
Optional Readings
1. AS ISO 21504:2016 Project, programme and portfolio management—Guidance on portfolio management;
1. Compare and contrast the advantages and disadvantages of different manual and electronic project, program and portfolio (PPPM) application systems within each PPPM knowledge area over the life cycle of a project, program or portfolio.
There is a number of advantages and disadvantages of applying the electronic project, program and portfolio (PPPM) application systems in the project management. The project managers are responsible to imply the changes according to the organizational need and bring necessary changes in it (Svejvig and Andersen, 2015).
PPMP20012 Unit Profile
PPMP20012 Moodle Web site
Have you any insights you can add from other units you have studies or readings you’ve made?
Mandatory Readings
1. SEBoK: 'Introduction to SEBoK'
1. SEBoK: 'Introduction to Systems Engineering';
1. SEBoK:Part 7: Systems Engineering Implementation Examples
1. Kerzner (2013) Chapters 2.1; 2.6 - 2.8; 2.21;
1. AS/NZS 15288:2015 Introduction;
Optional Readings
1. AS ISO 21504:2016 Project, programme and portfolio management—Guidance on portfolio management;
1. Identify how project, program and portfolio (PPPM) application systems can assist project managers to monitor performance and manage changes within a project.
The PPPM application is very crucial as it helps the project managers to get a proper overview of their current project (Vasiljeva and Berezkina, 2018).
PPMP20012 Unit Profile
PPMP20012 Moodle Web site
Have you any insights you can add from other units you have studies or readings you’ve made?
Mandatory Readings
1. SEBoK: 'Introduction to SEBoK'
1. SEBoK: 'Introduction to Systems Engineering';
1. SEBoK:Part 7: Systems Engineering Implementation Examples
1. Kerzner (2013) Chapters 2.1; 2.6 - 2.8; 2.21;
1. AS/NZS 15288:2015 Introduction;
Optional Readings
1. AS ISO 21504:2016 Project, programme and portfolio management—Guidance on portfolio management;
1. Propose appropriate project, program and portfolio (PPPM) application systems to support successful project, program and portfolio execution in different industry domains.
The previous assessments are included in this application that gets them a proper idea about the process.
PPMP20012 Unit Profile
PPMP20012 Moodle Web site
Have you any insights you can add from other units you have studies or readings you’ve made?
Mandatory Readings
1. SEBoK: 'Introduction to SEBoK'
1. SEBoK: 'Introduction to Systems Engineering';
1. SEBoK:Part 7: Systems Engineering Implementation Examples
1. Kerzner (2013) Chapters 2.1; 2.6 - 2.8; 2.21;
1. AS/NZS 15288:2015 Introduction;
Optional Readings
1. AS ISO 21504:2016 Project, programme and portfolio management—Guidance on portfolio management;
1. Discuss contemporary developments in the use of project, program and portfolio (PPPM) application systems.
According to the report of Macondo catastrophe, it has been found that improper management skills can bring huge disaster. In the scenario, it has also been discovered that the incident of Gulf of Mexico has been found out to be a huge disaster. The lack of proper system thinking was found during the management activities. On this basis, an efficient project development can bring necessary changes including monitoring and configure process.
PPMP20012 Unit Profile
PPMP20012 Moodle Web site
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Appendix 2: Week 2
Reading samples
Learning outcomes of the unit
Learnings from your weekly study, experience, this and prior unit readings and assignments
Supporting documentation including any prior learning
Mandatory Readings
1. Part 1: SEBoK Introduction - 'Introduction to SE Transformation';
1. Part 1: SEBoK Introduction - 'SEBoK Users and Uses';
1. Part 6: Related Disciplines - 'Knowledge Area: Systems Engineering and Project Management'
1. Kerzner (2013) Chapters 2.1; 2.6 - 2.8; 2.21;
1. AS/NZS 15288:2015 Introduction;
Optional Readings
1. AS ISO 21504:2016 Project, programme and portfolio management—Guidance on portfolio management;
Case Study
1. Chief Counsel's Report - Chapter 5 (PDF 700KB),
1. Explain the relevance of systems thinking to the project, program and portfolio manager.
System thinking helps project management process by identifying where interventions will be having the greatest impact and also in a long run. The system keeps stakeholders at the priority which means the process goes through the whole process by complementing the top-down thinking. It is also helpful for the complex project works. The portfolio manager is responsible to lead the team is a part of system thinking.
PPMP20012Unit Profile
PPMP20012 Moodle Web site
Have you any insights you can add from other units you have studies or readings you’ve made?
Mandatory Readings
1. Part 1: SEBoK Introduction - 'Introduction to SE Transformation';
1. Part 1: SEBoK Introduction - 'SEBoK Users and Uses';
1. Part 6: Related Disciplines - 'Knowledge Area: Systems Engineering and Project Management'
1. Kerzner (2013) Chapters 2.1; 2.6 - 2.8; 2.21;
1. AS/NZS 15288:2015 Introduction;
Optional Readings
1. AS ISO 21504:2016 Project, programme and portfolio management—Guidance on portfolio management;
Case Study
1. Chief Counsel's Report - Chapter 5 (PDF 700KB),
1. Identify different systems thinking tools and techniques to aid project managers solve project problems.
There are several kinds of...