Consolidated Portfolio - Program, Project, and Portfolio Management
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This paper demonstrates the learnings gain during the ten weeks of program, project, and portfolio management and how the application of this knowledge can be utilized in the professional and personal life.
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Running head:CONSOLIDATED PORTFOLIO Consolidated Portfolio Name of the Student Name of the University Author note
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1 CONSOLIDATED PORTFOLIO Introduction Program, project, and portfolio management have the same principle for accomplishing the successful delivery of the work or job related to the commerce, business, construction or any other sector. It can be defined as the set of practices those could be utilized for successfully accomplishing the objectives and goals of the project or daily routine activities in an efficient and effective manner. The purpose of this paper is to demonstrate the learnings gain during the ten weeks and how the application of this knowledge can be utilized in the professional and personal life. Learning outcome: 1 The week 1 was a better start that gave me confidence that the knowledge and gained learning will help me in living a better standard of life. It is the class about the commercial planning and commercial projects and the role of these aspects in the successful and efficient delivery of the program, project, and portfolio management. Evidence Fleming, Q.W. and Koppelman, J.M., 2016, December.Earned value project management. Project Management Institute. Learning Outcome: 2 In week 2, I get to know about the aspects related to the theoretical aspects of the negotiation and negotiation in practice and how these could be utilized for making the individual agree on the topic and objective I am willing to make them.
2 CONSOLIDATED PORTFOLIO Evidence Vukomanović, M., Young, M. and Huynink, S., 2016. IPMA ICB 4.0—A global standard for project, programme and portfolio management competences.International Journal of Project Management,34(8), pp.1703-1705. Learning Outcome: 3 The week 3 was another interesting class that helped in understanding the role of the project manager I the commercial project negotiation and how I could achieve that for the practical use in the real life. Evidence Memon, S.A. and Rowlinson, S.M., 2015.An investigation into the attitude and relational behaviour in relationship based procurement (RBP): a conceptual framework. InProcs of Engineering Project Organization Conference (EPOC2015 Learning Outcome: 4 Moving forward, I was introduced with the management of the political interests and commercial interests of the stakeholders and how effective management can be executed through better ad effective communication skills and techniques. Evidence Carroll,A.andBuchholtz,A.,2014.Businessandsociety:Ethics,sustainability,and stakeholder management. Nelson Education. Learning Outcome: 5
3 CONSOLIDATED PORTFOLIO The next project was all about the project communication and the commercial negotiation and project negotiation and how to adhere them while negotiating a project. Evidence Knauss, E., Yussuf, A., Blincoe, K., Damian, D. and Knauss, A., 2018.Continuous clarification andemergentrequirementsflowsinopen-commercialsoftwareecosystems.Requirements Engineering,23(1), pp.97-117. Learning Outcome: 6 The week 6 was helpful in understanding the facts associated with the conflict resolution and how those could be utilized for the better and efficient use. Evidence Singer, L., 2018.Settling disputes: Conflict resolution in business, families, and the legal system. Routledge. Learning Outcome: 7 Week7taughttheaspectsassociatedwiththeDisputes,Claims,Variations,and Arbitration those could be helpful in executing the project negotiations considering the different facts proposed by the different researchers. Evidence Archibald, R.D. and Archibald, S., 2016.Leading and Managing Innovation: What Every Executive Team Must Know about Project, Program, and Portfolio Management. CRC Press. Learning Outcome: 8
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4 CONSOLIDATED PORTFOLIO Week 8 was all about project management standards and frameworks those could be utilized in different scenarios and sectors of the project and deliver them successfully. I identified that different projects need to be delivered in different manner and all the procedures and steps need to be followed in the same way as per the outcome. Evidence Duncan, W.R., 1996. A guide to the project management body of knowledge. Learning Outcome: 9 In week 9, we were introduced with the commercial negotiations within the private and public sectors and we had to analyze the difference in between these sectors and identify the best approaches and practices those could led the project toward success. Evidence Teubner, G., 2017. Global private regimes: Neo-spontaneous law and dual constitution of autonomous sectors?. InPublic Governance in the age of globalization(pp. 71-87). Routledge. Learning Outcome: 10 The last week 10 was all about the contractual agreements within the commercial project that was helpful in identifying the nest approaches towards the contracts and we had analyzed the identified fact with the case study channel tunnel project. Evidence Schwalbe, K., 2015.Information technology project management. Cengage Learning. Discussion and Conclusion
5 CONSOLIDATED PORTFOLIO These weeks were very helpful in gaining the knowledge and information related to the program, project, and portfolio management and practices the best practices those could be utilized in the professional world and personal world.