Financing of Projects: Exploring and Understanding the Key Areas and Processes

This document discusses the financing of projects and explores the key areas and processes involved. It explains the difference between project and portfolio management and provides insights into the development of a construction project. The document also discusses the relevance of tools and techniques for investigating and describing project processes. It emphasizes the importance of management strategies and operational activities for ensuring safety, quality, and successful project outcomes. Additionally, it highlights the significance of effective teamwork and communication in project management.

(Insert Student Name) / (Insert Student Number) - PPMP20013 Unit 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.
The project and the portfolio management is important thing for managing the
business and the projects in the organization. There is a difference between the
project and portfolio management. It has been seen that the project
management is managing the similar processes. On the other hand the portfolio
management is managing the different projects.
The development of the parallel runway in Brisbane Airport is a construction
project. In order to compile the project in a proper way there are certain
processes followed by the management of airport.
PPMP20013 Unit Profile
PPMP20013 Moodle
Web site
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
Mandatory Readings
 Smith Chapters 6;
2. Discuss the
relevance of tools
The tools those are needed for the development of the project are the project
management tools like MS project or project Libre. Apart from that the selection
PPMP20013 Unit Profile
PPMP20013 Moodle
1 of 5

(Insert Student Name) / (Insert Student Number) - PPMP20013 Unit 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.
of the techniques or the project management methodology is also important for
the development of the project. With the proper selection of the methodology
the compilation of the project can be done properly. Apart from that the
outcome of the project can meet all the requirements.
Web site
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
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
There are certain processes those are needed to be followed those are
needed during the development of the contract for the compilation of the
project. For the construction project, the tender is called for the availability
of the resources. It has been seen that for the successful compilation of the
project selection of the right company through tender is needed to be done.
Apart from that the business regulations of the contract are needed to be
maintained by the project management team and the third part
PPMP20013 Unit Profile
PPMP20013 Moodle
Web site
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
2 of 5

(Insert Student Name) / (Insert Student Number) - PPMP20013 Unit 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.
organization.
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
The operational strategy those are needed for the proper development of
the project includes allocation of the resources for different modules of the
project. Apart from that the selection of the right methodology is important
in this case. Apart from that the managing of the estimated budget along
with managing the resources for the project is important for the
implementation of the proper outcome in the project.
PPMP20013 Unit Profile
PPMP20013 Moodle
Web site
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
3 of 5

(Insert Student Name) / (Insert Student Number) - PPMP20013 Unit 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.
Maintaining the communication through the different members of the
organization positively benefits in the development of the project. The flow
of communication between the different stakeholders in the organization
will help the project team to understand the requirements in a proper way.
Apart from that it has been seen due to the improvised flow of the
communication, the brainstorming process can be developed which can
provide different solutions for the problems.
PPMP20013 Unit Profile
PPMP20013 Moodle
Web site
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
4 of 5

(Insert Student Name) / (Insert Student Number) - PPMP20013 Unit 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
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Nicholas, J. M., & Steyn, H. (2017). Project management for engineering, business and technology. Routledge.
Sánchez, M. A. (2015). Integrating sustainability issues into project management. Journal of Cleaner Production, 96, 319-330.
Serra, C. E. M., & Kunc, M. (2015). Benefits realisation management and its influence on project success and on the execution of business
strategies. International Journal of Project Management, 33(1), 53-66.
5 of 5