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

This document discusses the importance of project, program, and portfolio management in asset-rich organizations. It explores the differences between these management practices and highlights the relevance of tools and techniques in project development. The document also emphasizes the need for effective management strategies and operational activities to ensure safety, quality, and successful project execution. Additionally, it emphasizes the importance of 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 process , project and the portfolio management is important for the
organization in order to deliver the project in a proper way. There are certain
differences between the process , program and the portfolio management. The
process denotes the entire project management development in the
organization. On the other hand portfolio management is managing the
different kind of projects.
The project is the compilation of the similar tasks in the processes. In this
context, it can be said the development of the parallel run way at Brisbane
airport is the project as the main objective is related to the similar tasks.
From the development of the project at Brisbane airport it can be said that the
development of the project and managing the project through the portfolio
management is important for the organization.
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PPMP20013 Moodle
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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 and techniques are important for the development of the project.
Some of the project techniques include the implementation of the different
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(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.
project management methodologies. Apart from that different measurement
matrixes can be considered as the tools for the development of the project.
Through these techniques the performance measurement of the project can be
done.
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
Apart from the compilation of the projects there are certain factors present
for the proper execution and the implementation of the project.
Maintaining the contract of the project is a major concern during the
development of the project. Apart from that the evaluation of the tender
and the criteria for making the contract are needed to be evaluated. In this
context, the example of the Brisbane airport can be mentioned. The
contract were given to the companies . However, proper business deal was
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(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.
present in the contract.
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 activities are important for the proper development of the
project. The operational development includes understanding the
requirements of the project in a proper way. Apart from that selection of
the right methodology is also important for the proper development of the
project with the right outcome.
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PPMP20013 Moodle
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Have you any insights
you can add from other
units you have studies or
readings you’ve made?
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(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.
The communication between the team members is important fro the
proper compilation of the project. It has been seen that due to the proper
communication successful compilation of many complex projects have been
achieved. Apart from that rthe communication between the team members
will be helpful for the brain storming process where the solutions of the
problem can be found out.
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PPMP20013 Moodle
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you can add from other
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(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
Archibald, R. D., & Archibald, S. (2016). Leading and Managing Innovation: What Every Executive Team Must Know about Project, Program, and Portfolio
Management. Auerbach Publications.
Costantino, F., Di Gravio, G., & Nonino, F. (2015). Project selection in project portfolio management: An artificial neural network model based on critical
success factors. International Journal of Project Management, 33(8), 1744-1754.
Kopmann, J., Kock, A., Killen, C. P., & Gemünden, H. G. (2017). The role of project portfolio management in fostering both deliberate and emergent
strategy. International Journal of Project Management, 35(4), 557-570.
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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