Portfolio Management: Importance of PPPM Application Systems and Systems Engineering Concepts

Running head: PORTFOLIO MANAGEMENT
Portfolio Management
Name of the Student
Name of the University
Author Note

1PORTFOLIO MANAGEMENT
Table of Contents
1.0 Introduction..............................................................................................................2
2.0 Course Learning Outcomes..................................................................................3
3.0 Discussion and conclusion.......................................................................................8
4.0 References..............................................................................................................10

2PORTFOLIO MANAGEMENT
1.0 Introduction:
The process of any project acumination is one of the major step that is to be done. In
this paper there are several things that is related to be the Deep-water horizon is one of the
major incident that shook the world will be covered. The deep water is a dynamically
positioned and semisubmersible offshore drilling rig that is situated in the Gulf of Mexico.
The design was initially designed by the R&B falcon and later became a part of the Hyundai
heavy industries in the year of the 2001. This also comprises the routine of a team work and
their slant towards the client, creating a work plan which would bring the organization a
winning stage and making all the employees have a single thought which they can focus on
and work with a good team goal. The management of the drill changed several times, which
created some of the major problems in the operations and cost of maintaining the drill. The
explosion and the oil spill incident in the year of the 2010 is one of the major problem that
the drill faced (Chandra, 2017). The explosion and the following oil spill also created some
of the major ill effect to the nature. Thus it can be said that the incident of the deep water
horizon is one of the major problem that have been faced in the recent years. Portfolio
management is about decisive strengths, , weaknesses opportunities and threats in the choice
of debt and equity, domestic and international, growth and safety encountered in the attempt
to maximize return at a given appetite for risk.
There are various number of project management methodologies that can be used for
the process of managing a project work.
 Waterfall methodology:
 Agile methodology
 SDLC methodology

3PORTFOLIO MANAGEMENT
2.0 Course Learning Outcomes
2.1. Describe how systems engineering concepts and methodologies can
help a project, program and portfolio managers organise a project.
The engineering concepts are the major concepts that can be used for the
process of enhancing a project. The engineering concepts helps in the process
of proper managing of the projects and thus enhancing the quality of a project
(Stettina & Hörz, 2015). Further the concepts of the engineering also helps in
the process of reducing risk in a project. Further it helps in better managing
the customers and properly implementing the technological concepts. The
engineering concepts helps in defining the roles and responsibilities of a
project manager. The engineering concept plays a reins defining the project
management plan.
2.2. Explain the importance of appropriate selection of project
management (PM) application systems in regards to meeting the internal and
external objectives of a project.
The concepts of the project application systems plays an important role in the
process of managing the internal as well as the external objectives of a project.
Selecting the correct project management helps in controlling every aspect of
a project. Some of the major application that helps in the process of proper
project management are Microsoft Project, Match ware Mind View and others
(Leung et al., 2016. This helps in the process of managing aspects like the
tasks and activities, build schedules and timelines, solve project issues,
manage risks and threats, assign budgets and control costs, establish