Identifying the Role of PM Application Systems in Monitoring Performance and Managing Changes in Projects

This document discusses the role of PM application systems in monitoring project performance and managing changes. It emphasizes the importance of different project management knowledge areas and highlights the use of tools like work breakdown structure.

(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 8
Week 8 Topic: Identify how PM application systems can assist project managers to monitor performance and
manage changes within 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
• PMI (2013)The Standard
for Program Management --
Third EditionChapter 8;
–PMI (2013)The Standard for
Portfolio Management --Third
EditionChapter7;
Optional Readings
 Portfolio for Week 7
Identify how
PM application
systems can
assist project
managers to
monitor
performance
and manage
changes within
the project
The topic discussed in the week 8 lecture session deals with
identification and use of PM application system and how it assists all the
project managers to monitor the performance of the project and manage
changes within a project. I have come to know about the different
project management application areas. I have also realized that in order
to successfully implement any project it is mandatory for the project
manager and project team members to put focus on different knowledge
areas such as communication management, procurement management,
quality management, schedule management, resource management, risk
and schedule management etc.
If any of the project knowledge area failed to come under focus by the
project associates then the project will not be able to meet the
objectives within assigned time and budget. In order to avoid any intra
team conflict and financial issues before initiating the project, a
feasibility study and feasibility analysis needs to be conducted by the
project finance manager.
I have learned that, the phases need to be followed for closing the
program include plan updates, performance reporting, program budget
closing etc. However, appropriate tools and technique are also essential
for program and project success. I have learned the importance of
procurement management plan in project success. It would help to
address all necessary product and service development activities and
PPMP 20012Program &
Portfolio Information
Systems Lecture 8 for
Week 8
1 of 2

(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 8
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
manage the entire project throughout the development life cycle. Above
all the main approach that helps to reduce the overall complexity of any
project is use of WBS or work Breakdown Structure as it helps to
subdivide large project into smaller parts.
References
Larson, E. W., & Gray, C. F. (2017). Project management: The managerial process. McGraw-Hill Education.
Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management. Project Management Institute.
2 of 2