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Program and Portfolio Management Information System

   

Added on  2023-01-18

28 Pages9150 Words41 Views
Running head: PROGRAM AND PORTFOLIO MANAGEMENT
Program and portfolio management information system
Name of the Student:
Name of the University:

1PROGRAM AND PORTFOLIO MANAGEMENT
Table of Contents
1. Introduction and summary of outcomes......................................................................................3
2. Itemize each learning outcome....................................................................................................3
a. LO1..........................................................................................................................................3
i. Summary...............................................................................................................................3
ii. Evidence..............................................................................................................................4
b. LO2..........................................................................................................................................4
i. Summary...............................................................................................................................4
ii. Evidence..................................................................................................................................4
c. LO3..........................................................................................................................................5
i. Summary...............................................................................................................................5
ii. Evidence..............................................................................................................................5
d. LO4..........................................................................................................................................5
i. Summary...............................................................................................................................5
ii. Evidence..............................................................................................................................6
e. LO5..........................................................................................................................................6
i. Summary...............................................................................................................................6
ii. Evidence..............................................................................................................................6
f. LO6...........................................................................................................................................7
i. Summary...............................................................................................................................7
ii. Evidence..............................................................................................................................7
g. LO7..........................................................................................................................................8
i. Summary...............................................................................................................................8
ii. Evidence..............................................................................................................................8
h. LO8..........................................................................................................................................8
i. Summary...............................................................................................................................8
ii. Evidence..............................................................................................................................9
i. LO9...........................................................................................................................................9
i. Summary...............................................................................................................................9
ii. Evidence............................................................................................................................10
j. LO10.......................................................................................................................................10
i. Summary.............................................................................................................................10

2PROGRAM AND PORTFOLIO MANAGEMENT
ii. Evidence............................................................................................................................10
3. Discussion and conclusion.........................................................................................................11
4. References..................................................................................................................................12
5. Appendix of the weeks..............................................................................................................14
a. Portfolio for week 1: Explain the relevance of systems thinking to PM...............................14
b. Portfolio for week 2: Identify different systems thinking tools and techniques to aid project
managers solve project problems...............................................................................................15
c. Portfolio for week 3: Assess the relevance of systems engineering to project cases.............16
d. Portfolio for week 4: Describe how systems engineering concepts and methodologies can
help a project manager organise a project.................................................................................18
e. Portfolio for week 5: Explain the importance of appropriate selection of Project
Management (PM) application systems in regards to project realisation..................................19
f. Portfolio for week 6: Describe how the use of PM application system can lead to effective
PM knowledge management and decision making...................................................................20
g. Portfolio for week 7: Compare and contrast the advantages and disadvantages of different
manual and electronic PPPM application systems within each PPPM knowledge area over the
life cycle of a project.................................................................................................................22
h. Portfolio for week 8: Identify how PM application systems can assist project managers to
monitor performance and manage changes within the project..................................................23
i. Portfolio for week 9: Propose appropriate PM application systems to support successful
project execution in the infrastructure and resource industries.................................................25
j. Portfolio for week 10: Discuss contemporary developments in the use of PM application
systems.......................................................................................................................................26

3PROGRAM AND PORTFOLIO MANAGEMENT
1. Introduction and summary of outcomes
The paper is based on analyzing weekly portfolio which explains the significance of the
system thinking to the development, program as well as portfolio management (PPPM). These
paper summaries the outcomes of ten weekly portfolios based on learning from the weekly
project study as well as experience prior to the unit readings. The summary of the outcomes is
related to explanation of the project management approaches in addition to system thinking in
regards to the project realization.
2. Itemize each learning outcome
a. LO1
i. Summary
The week 1 paper is reflected on roles as well as application of the system thinking with
relevance of PPPM. In this paper, there are three dissimilar categories of the system applications
are being complicated like closed, open as well as extended system. In this paper, the systems
which are based on the cloud are being used into the big business points. The open system is
used so that it can react with the business environment. This study has elaborated dissimilarity
among the project as well as product management (Kerzner & Kerzner, 2017). The product
manager can maintain the completion time and budget so that the project can get success. The
complex projects can require managerial leaders those can understand requirements of each other
as well as work in proper way.

4PROGRAM AND PORTFOLIO MANAGEMENT
ii. Evidence
From this week portfolio, I learned about the application which is served by various
system and system thinking along with relevance of the program, project and portfolio
management (Fleming & Koppelman, 2016). The system is termed as collection of various sub-
systems such as closed, open in addition to extended system where the objects are being
organized efficiently.
b. LO2
i. Summary
This week 2 unit is summarized to identify various tools as well as systems associated to
system thinking to aid the project manager for solving the project related problems. This unit
summarizes role of the system engineering as well as its respective approaches by mans of
various procedures related to the system thinking. The system production is being developed
through combining different project management practices (Mailloux et al., 2015). The project
manager is responsible to use as well as apply project management practices so that it helps to
solve the complex project problems.
ii. Evidence
From week 2 study, it is seen that the system thinking tools which are considered into the
project are brainstorming, procedures related to the thinking on structural based in addition to
self-motivated thinking. The system thinking is used to analyze relation among the project
management as well as system thinking. In order to define scope of the project plan, PMBoK
approaches are used which will formulate the critical project related activities.

5PROGRAM AND PORTFOLIO MANAGEMENT
c. LO3
i. Summary
From the study of week 3 studies, it is based on assessing significance of the system
business to the assignment belongings. From this study, there is identification of system
classifications so that the system is being classified based on structures, control of humans, social
as well as family. The project stakeholders are responsible in this case to drive the engineered
systems. In this week study, the reader comes to know about dissimilarity among the system
science as well as system thinking (Hornstein, 2015). In this paper, the concept of system
thinking is not executed until the concept of system as well as its principles is not discussed.
ii. Evidence
The system lifecycles processes are discussed in this week study so that various
approaches are taken into considerations. The project life cycle approaches which are discussed
in this paper are agreement processes, technical processes and others. Based on the project time
as well as budget, the degrees of risks are measured in this work. In order to minimize the risks,
it is required to identify the risks and control it.
d. LO4
i. Summary
This week 4 portfolio summarizes how the system engineering concepts as well as
methods are helping the plan manager to classify the effort efficiently. In this unit, there is
identification of various types of system like situational, respondents as well as system assets.
For controlling over the application, the system engineering concepts plus methods are taken
(Svejvig & Andersen, 2015). I leaned that in order to recognize the troubles, difficulties are

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