Estimating Processes and Concepts in Project Management - Week 4 Portfolio

This portfolio discusses the importance of resource planning, tools and techniques for project processes, project justification, vendor selection, and effective teamwork in project management. It includes mandatory readings from Smith Chapters 7 and AS 4915-2002 Project management General conditions, and optional readings from Engineering & Construction Risk Institute, BMD Constructions, Jan De Nul Group, and Hall Contracting. The portfolio also includes supporting documentation and references.

(Insert Student Name) / (Insert Student Number) - PPMP20013 Unit Portfolio for Week 4
Week 4: Define and apply estimating processes and concepts to the project.
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
 Smith Chapters 7;
 AS 4915-2002
Project
management -
General
conditions;
Optional Readings
 Engineering &
Construction
Risk Institute;
Case Study
 BMD
Constructions
Awarded Civil
Contract for the
Reclamation Phase
of the New Parallel
Runway at
Brisbane Airport
 Jan De Nul Group:
New parallel
runway for
Brisbane Airport
 Hall Contracting:
New Parallel
Runway Project
1. Review using clear
terminology the
key areas and
processes of
project, program
and portfolio
management
practices as applies
to asset rich
organisations.
Asset rich organizations have ample amount of resources that they can allocate
for their projects. Resource is also vital for different program and portfolio
management. This is because during the resource planning phase, placing the
assets at the correct position is vital for the successful implementation of the
plan. Therefore, each type of management might have their unique method of
plan execution, however the need for the assets is uniform throughout.
I have learnt from my experience that the planning and execution phases are
the key areas in project management as well as program and portfolio
management. However, planning asset distribution is different for each of them.
Kerzner, H., & Kerzner, H.
R. (2017). Project
management: a systems
approach to planning,
scheduling, and
controlling. John Wiley &
Sons.
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(Insert Student Name) / (Insert Student Number) - PPMP20013 Unit Portfolio for Week 4
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
 Jacobs Awarded
Contracts through
Brisbane Airport
Airside
 Airbiz: Aircraft
noise projections
Mandatory Readings
 Smith Chapters 7;
 AS 4915-2002
Project
management -
General
conditions;
Optional Readings
 Engineering &
Construction
Risk Institute;
Case Study
 BMD
Constructions
Awarded Civil
Contract for the
Reclamation Phase
of the New Parallel
Runway at
Brisbane Airport
 Jan De Nul Group:
New parallel
runway for
Brisbane Airport
 Hall Contracting:
2. Discuss the
relevance of tools
and techniques for
investigating and
describing project
process related to
developing new
workings, facilities,
equipment, plant
and processes for
justifying,
designing,
developing, or
maintaining
existing facilities
and equipment
within the context
of their
technological and
asset lifecycle
status.
The tools as well as the techniques that describe processes of projects are
important for developing new projects and maintain the existing ones. This is
because every project needs some predefined milestones that must be
achieved. These particular techniques that can be used to describe project
processes along with the specific set of tools is therefore vital. Every facility and
equipment are measured under the technological as well as the asset life cycle.
Information of this life cycle is important for analysing project processes.
Schwalbe, K. (2015).
Information technology
project management.
Cengage Learning.
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(Insert Student Name) / (Insert Student Number) - PPMP20013 Unit Portfolio for Week 4
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
New Parallel
Runway Project
 Jacobs Awarded
Contracts through
Brisbane Airport
Airside
 Airbiz: Aircraft
noise projections
Mandatory Readings
 Smith Chapters 7;
 AS 4915-2002
Project
management -
General
conditions;
Optional Readings
 Engineering &
Construction
Risk Institute;
Case Study
 BMD
Constructions
Awarded Civil
Contract for the
Reclamation Phase
of the New Parallel
Runway at
Brisbane Airport
 Jan De Nul Group:
New parallel
runway for
3. Present and
interpret major
processes that are
based on sound
policy, information,
and research that
enable project
justification,
tenders, contracts,
and selection
criteria to occur in
an asset rich
organisation.
Project justification is a process where reasons are provided through analysis
and extensive research that supports the execution of a project. The policies
that are usually applied here are aimed at understanding the need for the
project and the people who will be benefitted from the project. The tenders and
the contracts are selected based on the criteria that they are fulfilling the aims
and objectives of the organization. The selection criteria of the vendors are a
little complex. They are selected based on the quality of their products and
services and the price that they are charging for that.
Muller, R. (2017). Project
governance. Routledge.
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(Insert Student Name) / (Insert Student Number) - PPMP20013 Unit Portfolio for Week 4
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
Brisbane Airport
 Hall Contracting:
New Parallel
Runway Project
 Jacobs Awarded
Contracts through
Brisbane Airport
Airside
 Airbiz: Aircraft
noise projections
Mandatory Readings
 Smith Chapters 7;
 AS 4915-2002
Project
management -
General
conditions;
Optional Readings
 Engineering &
Construction
Risk Institute;
Case Study
 BMD
Constructions
Awarded Civil
Contract for the
Reclamation Phase
of the New Parallel
Runway at
Brisbane Airport
 Jan De Nul Group:
4. Critically analyse
management
strategies and
operational
activities from a
broad perspective
to ensure safety
and quality, to
avoid overruns or
rework, to manage
variations and
claims, and to make
decisions to
discontinue or
close projects.
The management carefully selects the vendors for item and service
procurement and ensures quality by conducting checks at every milestone of a
project. Benchmarking each milestone also aids to avoid time and cost overrun.
This also helps to minimize rework as the requirements are met by thoroughly
checking every step. The decision for discontinuing a project is very severe and
painstakingly long. However, some projects negatively impact the organization
and therefore to minimize the loss that it has suffered, the management might
aim at discontinuing the project. A project is closed when it is delivered to the
client and it meets all the requirements.
Stark, J. (2015). Product
lifecycle management. In
Product Lifecycle
Management (Volume 1)
(pp. 1-29). Springer,
Cham.
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(Insert Student Name) / (Insert Student Number) - PPMP20013 Unit Portfolio for Week 4
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
New parallel
runway for
Brisbane Airport
 Hall Contracting:
New Parallel
Runway Project
 Jacobs Awarded
Contracts through
Brisbane Airport
Airside
 Airbiz: Aircraft
noise projections
Mandatory Readings
 Smith Chapters 7;
 AS 4915-2002
Project
management -
General
conditions;
Optional Readings
 Engineering &
Construction
Risk Institute;
Case Study
 BMD
Constructions
Awarded Civil
Contract for the
Reclamation Phase
of the New Parallel
Runway at
5. Demonstrate an
effective,
professional level
of teamwork and
communication and
support
collaborative peer
group learning.
I have experienced that an effective and professional level of teamwork can be
achieved by classroom learning and different team building exercises. In the
past, my favourite team exercise was the scavenger hunt. This game not only
generates the skill to analyse the environment and act accordingly, the
participants also has to work as a team to complete it within the stipulated time.
Team work is required to systematically search the pre-designated area for
items. Coordinating with team mates greatly reduces the time required to
search the entire area and hence a great team building exercise.
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(Insert Student Name) / (Insert Student Number) - PPMP20013 Unit Portfolio for Week 4
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
Brisbane Airport
 Jan De Nul Group:
New parallel
runway for
Brisbane Airport
 Hall Contracting:
New Parallel
Runway Project
 Jacobs Awarded
Contracts through
Brisbane Airport
Airside
 Airbiz: Aircraft
noise projections
References
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Muller, R. (2017). Project governance. Routledge.
Schwalbe, K. (2015). Information technology project management. Cengage Learning.
Stark, J. (2015). Product lifecycle management. In Product Lifecycle Management (Volume 1) (pp. 1-29). Springer, Cham.
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