PPMP20012 Program and Portfolio Management Information - Assignment
Added on 2021-04-24
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(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 8Week 8: Identify how PM application systems can assist project managers to monitor performance and manage changes within the project.Reading samplesLearning outcomes of the unitLearnings from your weekly study, experience, this and prior unit readings and assignmentsSupporting documentation including any prior learningMandatory ReadingsPMI (2013) The Standard for Program Management -- Third Edition Chapter 8;PMI (2013) The Standard for Portfolio Management -- Third Edition Chapter 71.Explain the relevance of systems thinking to the project, program and portfolio manager.System thinking is helpful in identifying the impact of the interventions and how it will influence the growth and development of the project within a complex project considering every stakeholders involved in the project. There are many beneficial aspects of the system thinking such as understanding the system, anticipating the dynamic complexity, risk management, better understanding about the problem, effective communication and many more activities. These are helpful in delivering better problem definition, much effective solutions, buy-in form stakeholder, and facilitating contributions. Approaches of the design thinking focus on effectiveness rather than efficiency, understanding the bigger picture, recognising the bigger picture, making assumptions, changing perspective, appreciating the mental models for defining the expectations and reality and utilizing tools that can contribute in the project delivery. PPMP20012 Unit ProfilePPMP20012 Moodle Web siteMandatory ReadingsPMI (2013) The Standard for Program Management -- Third Edition Chapter 8;PMI (2013) The Standard for Portfolio Management -- Third Edition Chapter 72.Identify different systems thinking tools and techniques to aid project managers solve project problems.Fishbone diagrams, rich pictures, actor maps, concept maps, trend maps, casual loop diagrams, are some of the tools and techniques those can contribute in the growth and development of the project for solving the project problems. These tools and techniques are helpful in identifying and defining the proper project orprogramme or portfolio. Another support that can be gained include implementation of the proper project, programme, or portfolio through proper and sequential project management processes including initiation, planning, execution and closure of the project. These will alternatively maximise the outputs or outcomes of the unintended consequences throughout the project delivery. PPMP20012 Unit ProfilePPMP20012 Moodle Web siteMandatory Readings3.Assess the There are many advantages and disadvantages associated with the system PPMP20012 Unit Profile1 of 6
(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 8Reading samplesLearning outcomes of the unitLearnings from your weekly study, experience, this and prior unit readings and assignmentsSupporting documentation including any prior learningPMI (2013) The Standard for Program Management -- Third Edition Chapter 8;PMI (2013) The Standard for Portfolio Management -- Third Edition Chapter 7relevance of systems engineering to project cases.engineering in relation to the project case those can be listed as below:Advantages: it can enhance the management and quality of the project requirements, better and effective work breakdown structure can be developed,and enhance the specifications such as management of the contractor and suppliers. System engineering is helpful in fixing the foreseen errors those mightaffect the growth and development of the project that is capable of delivering the project as per the expectations meeting all the objectives and issues related to it. Disadvantages: External problems might affect the overall output and production of the project. PPMP20012 Moodle Mandatory ReadingsPMI (2013) The Standard for Program Management -- Third Edition Chapter 8;PMI (2013) The Standard for Portfolio Management -- Third Edition Chapter 74.Describe how systems engineering concepts and methodologies can help a project, program and portfolio managers organise a project.System engineering can be described as the problem-solving methodology that can be utilized to configure and design the systems for the projects those are complex and technical in nature. It includes the system thinking for the integral structuring and comprehension of the procedural model for the objective-oriented problem-solving, and systematic including the methods and techniques. Program and portfolio managers organizing the project include problem trigger, situation analysis, objective formulation, solution reaching, evaluation of the solution, and decision-making in manner to solve the complexity related to the project. PPMP20012 Unit ProfilePPMP20012 Moodle Mandatory ReadingsPMI (2013) The Standard for Program Management -- Third Edition Chapter 8;PMI (2013) The 5.Explain the importance of appropriate selection of project management (PM) application systemsin regards to meeting the The project management application systems can play a very crucial role for the accomplishment of the objectives and goals of the project in an efficient and effective manner. The needs and requirements for every project is different as per the expected output and production of the project and it is obvious factor tocritically analyse the requirements and problems those need to be solved and selecting an appropriate application that can contribute in the growth and development of the project. It can allow the program and project manager to deliver the project constraints in an efficient manner. PPMP20012 Unit ProfilePPMP20012 Moodle Web site2 of 6
(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 8Reading samplesLearning outcomes of the unitLearnings from your weekly study, experience, this and prior unit readings and assignmentsSupporting documentation including any prior learningStandard for Portfolio Management -- Third Edition Chapter 7;internal and external objectives of a project.Mandatory ReadingsPMI (2013) The Standard for Program Management -- Third Edition Chapter 8;PMI (2013) The Standard for Portfolio Management -- Third Edition Chapter 7;6.Describe how the use of project management (PM) application systemscan lead to effective PM knowledge management and decision making.Project management application system has many beneficial approaches those could lead to better knowledge management through processing the quantified data related to the ongoing project growth and development of the project. Better decision-making can be made through the application of the project management application systems through analysing the entire environment of the project and proposing an efficient and effective data management for the project and program manager. Considering the results through analysing the external environment and internal growth of the project always allows the managers and the leaders to take the decisions better for the overall success of the project.PPMP20012 Unit ProfilePPMP20012 Moodle Mandatory ReadingsPMI (2013) The Standard for Program Management -- Third Edition Chapter 8;PMI (2013) The Standard for Portfolio Management -- Third Edition Chapter 7;7.Compare and contrast the advantages and disadvantages of different manual and electronic project, program and portfolio (PPPM) application systems within each PPPM knowledge area over the life cycle of a project, Project management: project management is a set of practices allowing the manager to execute the activities of the project in efficient and effective manner. Advantages can be listed as workflow management, cost containment, productive staff selection, micromanagement, and many others. Disadvantages can be listed as miscommunication can cost the project, lacklustre creativity, and time taking in planning the overall project. Program and Portfolio management: various elements of the project development can be listed as tasks from the project, projects form programs, programs from portfolio and the advantages can be listed as inventory management, involvement in the project deeper, risk management, better decision-making, and may more. Disadvantages can be listed as definition of the portfolio management, resources, and size of the organization or the project. PPMP20012 Unit ProfilePPMP20012 Moodle 3 of 6
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