Consolidated Portfolio for Project Management Course

This consolidated portfolio reflects on the key areas and processes of project, program and portfolio management practices, tools and techniques for investing and describing project processes, major processes on sound policy, information and research for project justification, tenders and contracts, analysis of management strategies and operational activities, and effective and professional level of teamwork or communication.

Running head: CONSOLIDATED PORTFOLIO
Consolidated Portfolio
Name of the Student
Name of the University
Author’s Note:

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Table of Contents
1. Introduction............................................................................................................................2
2. Course Learning Outcomes....................................................................................................2
2.1 Learning Outcome 1: Key areas and processes of project, program and portfolio
management practices............................................................................................................2
2.2 Learning Outcome 2: Tools and techniques for investing and describing project
processes................................................................................................................................2
2.3 Learning Outcome 3: Major processes on sound policy, information and research for
project justification, tenders and contracts.............................................................................2
2.4 Learning Outcome 4: Analysis of management strategies and operational activities.....3
2.5 Learning Outcome 5: Effective and professional level of teamwork or communication 3
3. Discussion and Conclusion....................................................................................................3
4. References..............................................................................................................................4

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1. Introduction
Project management is the significant practice of initiation, planning, completion,
controlling and eventually closing the entire team work for the successful achievement of
various goals or objectives and thus meeting the required success criteria at the given time.
The project is the temporary endeavour that is being designed for producing the unique
product, result or service with a proper starting and closing points (Schwalbe, 2015). This
project is supposed to bring beneficial changes within the organization and is to be managed
properly. The main challenge of the project management is the achievement of all objectives
within the provided constraints. This consolidated portfolio will be reflecting on that
significant extent, where each and every learning outcome of this course is being fulfilled.
The description of the above discussion is provided in the following paragraphs.
2. Course Learning Outcomes
2.1 Learning Outcome 1: Key areas and processes of project, program and portfolio
management practices
In the first week of our course, we started with the importance of concept and
processes of the project, program or portfolio management practices (Walker, 2015). These
are applied to for the assessment of larger assets within the richer organizations. There are
various project phases or projects. The first phase is the project conception ad initiation. The
second phase is the project definition and planning. The next phase of any project is
launching or execution. The fourth phase in project is the performance and control. The final
process of project is the closing of project. It was extremely interesting for learning the major
reason that why the project owners are using the larger assets in richer companies. In the next
few weeks, I understood that project management is applied in every sector of any business
(Heagney, 2016). I learned about the detailed strategy for the operation of project; right from
planning or researching to calculation of the required costs and resources.
2.2 Learning Outcome 2: Tools and techniques for investing and describing project
processes
The second week of our course, we learnt about the several tools and techniques for
the purpose of investing as well as describing the project processes. The new workings,
facilities, plants, equipments and processes for the proper justification, designing,
development or the maintenance of all existing facilities or equipments in the context of
technological as well as asset life cycle status (Kerzner & Kerzner, 2017). The status of the
project management process, the roles of various supporting tools to help the planner in easy
planning. The major models of project management that we have learnt in this project are
SWOT, PESTEL, VRIN and risk management. The Gantt chart, project scheduling,
dashboards, projectmanager.com, project tracking and many more were learnt from here. I
also understood about the internal and external environments.
2.3 Learning Outcome 3: Major processes on sound policy, information and research
for project justification, tenders and contracts
The next thing that we learnt was the main process or procedure on sound policy,
information and research for the project justification, tenders and contracts for avoiding
reworks or overruns, managing claims and variations and also making the decisions in

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closing our projects (Harrison & Lock, 2017). I got relevant knowledge about the pursuance
of the standards and satisfying every important stakeholder for the prevention of the
interruption and claims that are related to project. The effective communication and
teamwork skills for the completion of any project were learnt from this course. The proper
communication is required to be done and also sharing the opinions as well as discussing
orientation or solutions to any specific issue or problem. I also learnt how to enhance
personal performance for better output of a project.
2.4 Learning Outcome 4: Analysis of management strategies and operational activities
All the management strategies and the operational activities from the broader
perspective were critically analyzed to ensure safety or quality (Flyvbjerg, 2013). During the
course, I understood that the project management strategies should be eventually checked and
analyzed. The project management decisions hence should be undertaken effectively, without
any type of issues or problems. The strengths and weaknesses of every project member are
also understood from where a specific plan is kept to develop the project effective. Moreover,
I have even known about the requirements of productivity and performance. The project and
portfolio management or PPM is extremely important for any project. The main practices of
PPPM majorly concentrate on the initiation, planning, execution, control or performance of
the project work (Fleming & Koppelman, 2016). I even learnt that operational activities are
extremely vital for any project.
2.5 Learning Outcome 5: Effective and professional level of teamwork or
communication
The final learning outcome was the effective and professional level of teamwork or
communication. The project justification is not an easy task that comprises of the range of
steps and thus involves stakeholders’ participation (Burke, 2013). I have acquired knowledge
about the importance of feedback and the management of performance assessment for
defining the various areas of training or development. The teamwork should be done
effectively and a proper support to be given for collaborative peer group learning.
3. Discussion and Conclusion
Throughout 12 weeks of learning about project management operators of large assets,
I have understood the importance of all these operators of project management for any large
asset. There are several processes and procedures of project management that any owner or
operator utilize in large assets project. All the large assets might be fixed items like process
plants, manufacturing and mining. These large assets should be managed properly for the
successful accomplishment of project goals and objectives. The identification, justification
and finally selection of the project for the purpose of defining, designing, building and the
maintenance of the larger assets is done in this consolidated portfolio. Various project as well
as program contracts for the non operational or operational work are undertaken by the
external sub contractors. The management or organization of bids, safety, quality, governance
processes are checked by this. We have gained significant knowledge regarding the project
management operators of the larger assets. The project phases and processes are well
demonstrated within this consolidated portfolio.

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4. References
Burke, R. (2013). Project management: planning and control techniques. New Jersey, USA.
Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management.
Project Management Institute.
Flyvbjerg, B. (2013). From Nobel prize to project management: getting risks right. arXiv
preprint arXiv:1302.3642.
Harrison, F., & Lock, D. (2017). Advanced project management: a structured approach.
Routledge.
Heagney, J. (2016). Fundamentals of project management. AMACOM Div American Mgmt
Assn.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
Schwalbe, K. (2015). Information technology project management. Cengage Learning.
Walker, A. (2015). Project management in construction. John Wiley & Sons.

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