Financing of Projects: Key Areas, Processes, and Management Strategies

This unit portfolio for Week 3 of PPMP20013 explores and explains the financing of projects, including key areas, processes, and management strategies. The portfolio covers project, program, and portfolio management practices as applied to asset-rich organizations. The readings and supporting documentation include mandatory readings from Smith and Edwards, as well as optional readings and case studies. The portfolio also covers major processes for project justification, tenders, contracts, and selection criteria, as well as management strategies and operational activities for ensuring safety and quality. Effective teamwork and communication are also discussed.

(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 3
Week 3: Explore and explain the financing of projects.
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 6;
 Chapter 26 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) Accounting
Principles Vol 2:
Managerial
Accounting;
Optional Readings
 Chapter 18 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) compares
managerial
accounting with
financial
accounting;
Case Study
 Brisbane Airport
New Parallel
Runway Funding
Facts;
1. Review using clear
terminology the
key areas and
processes of
project, program
and portfolio
management
practices as applies
to asset rich
organisations.
Project management is a process of managing and controlling a collection of
actions in order achieve a particular goal especially in a large scale. Program
management is the control and management of a number of projects at a time
in order to achieve one or more business goals or outcomes. Portfolio is a
documentation of different aspects that significantly affect the overall outcome
of the project. For asset rich organizations, generally large scale program
management procedures are followed rather than managing a single project.
For keeping track of all the project within the program management, a portfolio
is created for each of the projects within the program.
PPMP20013 Unit Profile
PPMP20013 Moodle
Turner, R. (2016). Gower
handbook of project
management. Routledge.
Mandatory Readings
 Smith Chapters 6;
2. Discuss the
relevance of tools
Tools and techniques are essential requirements for investigating and describing
project processes for new facilities, equipments and others. Most of these
PPMP20013 Unit Profile
PPMP20013 Moodle
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(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 3
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
 Chapter 26 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) Accounting
Principles Vol 2:
Managerial
Accounting;
Optional Readings
 Chapter 18 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) compares
managerial
accounting with
financial
accounting;
Case Study
 Brisbane Airport
New Parallel
Runway Funding
Facts;
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.
projects involve management, control or implementation of technological assets
that require programmed handling in order to achieve the suitable outcome.
Maintaining and implementing facilities or equipments require large scale work
and cannot be done successfully with regular approach.
Web site
Grover, R., & Froese, T.
M. (2016). Knowledge
management in
construction using a
SocioBIM platform: A
case study of AYO smart
home project. Procedia
Engineering, 145, 1283-
1290.
Mandatory Readings
 Smith Chapters 6;
 Chapter 26 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) Accounting
Principles Vol 2:
3. Present and
interpret major
processes that are
based on sound
policy, information,
and research that
enable project
Some major processes that based on sound policy, information, and research
that enable project justification, tenders, contracts, and selection criteria include
review of the requirements, review of entire budget and financial outcome,
reaching an agreement with the stakeholders, receiving approval from higher
management and others.
PPMP20013 Unit Profile
PPMP20013 Moodle
Web site
Love, P. E., Matthews, J.,
Simpson, I., Hill, A., &
Olatunji, O. A. (2014). A
benefits realization
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(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 3
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
Managerial
Accounting;
Optional Readings
 Chapter 18 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) compares
managerial
accounting with
financial
accounting;
Case Study
 Brisbane Airport
New Parallel
Runway Funding
Facts;
justification,
tenders, contracts,
and selection
criteria to occur in
an asset rich
organisation.
management building
information modeling
framework for asset
owners. Automation in
construction, 37, 1-10.
Mandatory Readings
 Smith Chapters 6;
 Chapter 26 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) Accounting
Principles Vol 2:
Managerial
Accounting;
Optional Readings
 Chapter 18 from
Edwards J. D.,
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
Management strategies and operational activities must be aligned towards
ensuring safety and quality of the project. Operations using large scale assets
require safety policies and moreover, quality of the project must be ensured
using suitable quality control policies.
PPMP20013 Unit Profile
PPMP20013 Moodle
Web site
Terzieva, M. (2014).
Project Knowledge
Management: how
organizations learn from
experience. Procedia
Technology, 16, 1086-
1095.
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(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 3
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
Hermanson R. H.,
Ivancevich S D.
(2010) compares
managerial
accounting with
financial
accounting;
Case Study
 Brisbane Airport
New Parallel
Runway Funding
Facts;
discontinue or
close projects.
Mandatory Readings
 Smith Chapters 6;
 Chapter 26 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) Accounting
Principles Vol 2:
Managerial
Accounting;
Optional Readings
 Chapter 18 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) compares
managerial
accounting with
financial
5. Demonstrate an
effective,
professional level
of teamwork and
communication and
support
collaborative peer
group learning.
Effective professional level teamwork and communication are both essential for
peer group learning. Often there are complex problems presented that might be
too much for individual effort and hence, team effort is required.
PPMP20013Unit Profile
PPMP20013 Moodle
Web site
Stettina, C. J., & Hörz, J.
(2015). Agile portfolio
management: An
empirical perspective on
the practice in
use. International Journal
of Project
Management, 33(1), 140-
152.
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(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 3
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
accounting;
Case Study
 Brisbane Airport
New Parallel
Runway Funding
Facts;
References
Grover, R., & Froese, T. M. (2016). Knowledge management in construction using a SocioBIM platform: A case study of AYO smart home project. Procedia
Engineering, 145, 1283-1290.
Love, P. E., Matthews, J., Simpson, I., Hill, A., & Olatunji, O. A. (2014). A benefits realization management building information modeling framework for asset
owners. Automation in construction, 37, 1-10.
Stettina, C. J., & Hörz, J. (2015). Agile portfolio management: An empirical perspective on the practice in use. International Journal of Project
Management, 33(1), 140-152.
Terzieva, M. (2014). Project Knowledge Management: how organizations learn from experience. Procedia Technology, 16, 1086-1095.
Turner, R. (2016). Gower handbook of project management. Routledge.
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