PM Application Systems for Monitoring Performance and Managing Changes in Projects

(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 8
Week 8: Identify how PM application systems can assist project managers to monitor performance and
manage changes within the project.
Reading samples Learning
outcome # 8
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 Edition
Chapter 8;
 PMI (2013) The
Standard for
Portfolio
Management --
Third Edition
Chapter 7;
Identify how project,
program and portfolio
(PPPM) application
systems can assist
project managers to
monitor performance
and manage changes
within a project.
This week’s learning has helped me to understand the process of by which
program and portfolio application system can help the project manager in
monitoring the performance of the project and can further help in managing
changes in the project.
It is important to maintain and manage the program and portfolio in a project as
it helps in easier tracking of the project progress. Management of program and
portfolios are important as it helps in documenting the different processes and
the activities in the project.
With accurate program and portfolio management, it is possible to track the
progress of the project along with the resources allocate for the project. It is
essential to understand the importance of monitoring and tracking the project
progress. With easier portfolio management, it is possible to easily monitor the
activities in a project as every step and stages of the project is documented.
Management of the portfolios helps in achieving the strategic objectives
associated with a project.
The application system helps in monitoring the performance and the progress of
the project with automatic report generation about the progress of the project.
On evaluation of the report generated by the application systems, it is possible
to track the resource requirements associated with the project.
This week’s reading provides a concept and the use of program and portfolio
management and use of program and portfolio as a tool for managing the
project progress and evaluation of the performance of the project.
Project performance evaluation is important as it helps in identifying whether a
particular project is following a standard path or whether it is being
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