Program and Portfolio Management Information System
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The main focus of the paper is to effectively analyze the weekly portfolios which is considered as one of the cohesive accounts of work that is generally based on learning which further contains various types of relevant evidence.
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Running head: PROGRAM AND PORTFOLIO Program and portfolio management information system Name of the Student Name of the University Author’s Note
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1 PROGRAM AND PORTFOLIO Table of Contents 1. Introduction and summary of outcomes......................................................................................2 2. Itemise each learning outcomes...................................................................................................2 a) LO1..........................................................................................................................................2 i) Summary..............................................................................................................................2 ii) Evidence..............................................................................................................................3 b) LO2..........................................................................................................................................3 i) Summary..............................................................................................................................3 ii) Evidence..............................................................................................................................3 c) LO3..........................................................................................................................................4 i) Summary..............................................................................................................................4 ii) Evidence..............................................................................................................................4 d) LO4..........................................................................................................................................5 i) Summary..............................................................................................................................5 ii) Evidence..............................................................................................................................5 e) LO5..........................................................................................................................................6 i) Summary..............................................................................................................................6 ii) Evidence..............................................................................................................................6 f) LO6..........................................................................................................................................7 i) Summary..............................................................................................................................7 ii) Evidence..............................................................................................................................7 g) LO7..........................................................................................................................................7 i) Summary..............................................................................................................................7 ii) Evidence..............................................................................................................................8 h) LO8..........................................................................................................................................8
2 PROGRAM AND PORTFOLIO i) Summary..............................................................................................................................8 ii) Evidence..............................................................................................................................8 i) LO9...........................................................................................................................................9 i) Summary..............................................................................................................................9 ii) Evidence..............................................................................................................................9 j) LO10.........................................................................................................................................9 i) Summary..............................................................................................................................9 ii) Evidence............................................................................................................................10 3. Discussion and Conclusion........................................................................................................10 4. References..................................................................................................................................11
3 PROGRAM AND PORTFOLIO 1. Introduction and summary of outcomes The main focus of the paper is to effectively analyze the weekly portfolios which is considered as one of the cohesive accounts of work that is generally based on learning which further contains various types of relevant evidence. The analysis is mainly undertaken in order to showcase how well the weekly portfolios are able to display the achievement depending on the professional competence as well as different types of learning outcomes. The summary of the portfolios is generally linked with the various PM approaches in context to system thinking and project realization. 2. Itemise each learning outcomes a) LO1 i) Summary In week 1 portfolio, proper focus is on the relevance of system thinking in context to project, program as well as portfolio manager. The paper also showcases the application as well as roles that system thinking plays in context to PPPM. It is found that there are three different categories of system application and they are mainly closed, extended as well as open system. The systems that are closed are generally dependent on the cloud and are generally utilized for the big business however the open system is mainly utilized such that it can be able to properly react within the entire business environment. This particular study has generally showcased dissimilarity within the product as well as project management. Moreover, the managers are capable of maintaining the completion budget as well as time within the entire project in order to achieve success. In addition to this, the complex project mainly needs different types of
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4 PROGRAM AND PORTFOLIO managerial leaders for properly understanding the requirements for working in an appropriate way. ii) Evidence With the help of this weekly portfolio, proper learnings about the importance of system thinking in context to PPPM and how it helps in managing project, portfolio as well as programs quite effectively (Mjema, 2018). I have also learnt about the different types of sub systems that are generally required for managing either the program or the project quite successfully. b) LO2 i) Summary The weekly portfolio for week 2 is mainly focused on identification of various types of system thinking tools as well as techniques that are beneficial for the project managers in order to resolve the project related challenges. It is found that this particular unit generally summarizes the role that is played by the system engineering as well as its related approaches by utilizing the different concept of system thinking. The different practices of project management is generally utilized by properly developing the system production quite effectively. In addition to this, it is the responsibility of the project manager is to utilize as well as apply different practices of project management such that it generally assists in resolving the complex project related issues and challenges. ii) Evidence The week 2 study helps in reflecting that proper utilization of system thinking tools and techniques generally plays an important role in resolving the project-based issues and problems. Moreover, proper information about the system thinking tools like brainstorming are generally
5 PROGRAM AND PORTFOLIO utilized for their proper utilization (Arnold & Wade, 2015).In addition to this, the system thinking generally helps in properly analyzing the relation that generally exists between PM and system thinking. In addition to this, it is found that for defining the project scope, it is quite important to utilize the PMBoK approaches which are further utilized for properly formulating the critical activities that are linked with the project. c) LO3 i) Summary The weekly portfolio for week 3 is generally based on the significance of system engineering in context to the project cases. It is found that systems are generally categorized in context to structures, social as well as control of humans. It is also analyzed from portfolio that the stakeholders are generally responsible for driving the various types of engineering system. In addition to this, by engaging within this particular week a study, the reader generally understands the dissimilarities that generally exists between system thinking as well as system science. Moreover, it is identified that the concept that is generally dependent on the system thinking is generally executed until the system execution as well as principles are generally not discussed. ii) Evidence The portfolio generally discusses the lifecycle of the system and the different types of approaches that are generally considered. The lifecycle approaches of the project are generally illustrated that are based on the agreement as well as technical procedures (Xue & Lai, 2016). Moreover, depending on the time and budget of the project, it is reflected that the risks that are linked with the project are generally measured and it is found that for minimizing the risks, it is quite important to determine thee risks so that the risks can be controlled effectively.
6 PROGRAM AND PORTFOLIO d) LO4 i) Summary The weekly portfolio for week 4 generally summarizes how the concepts as well as methodologies of system engineering are generally helpful for the PPPM for successfully organizing a project. It is found that the concept as well as methodologies that are linked with system engineering are generally helpful in planning, managing as well as classifying the effort quite effectively. Different types of systems including respondents, situational as well as importance of system assets are generally discussed. In order to successfully control the application, it is found that both the engineering concept as well as methods are generally used. From this weekly portfolio, I have learned how the troubles or the issues are recognized for successfully analyzing the project manager roles as well as responsibilities. Moreover, the system-based level solutions are generally considered for properly understanding the business issues as well as benefits quite effectively. ii) Evidence I have learnt that both validation as well as verification stages of the project are required to be undertaken for executing the project successfully. Verification is needed in order to verify the budget and project time for making sure that proper project elements are generally considered for meeting the requirements of the client (Hornstein, 2015).The entire system is effectively validated for checking that whether the requirements as well as expectations of the clients are met or not met. In addition to this, it is found that the study is generally linked with the various concurrent engineering project-based issues including the extreme escalation as well as various
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7 PROGRAM AND PORTFOLIO types of unexpected issues. It is found that this type of issues mainly occurs due to project delay as well as cost that is based on project related activities. e) LO5 i) Summary The weekly portfolio for week 5 generally helps in illustrating the significance of proper PM application system in context to external as well as internal objectives of the project. The application systems are mainly used for effective management of the project, for getting approval for the project and for undertaking different stages of the project so that the issues that are linked with the project can be determined easily. In this particular unit, there is proper discussion about the ERP that generally have proper features of HRM, finance as well as accounting management. Moreover, I have learnt about the various types of dissimilarities about the project stakeholders as well as different value-based customers. ii) Evidence It is found that importance of application including the advantages of using ERP within the business are generally elaborated. The system is considered to have proper knowledge areas that are generally associated with the various instances and project financial plan. It is found that there are a number of organizational based decision making that is considered to be necessary for obtaining proper decisions in context to the project activities which are generally undertaken for solving the business-based issues such that the entire project will generally achieve success. ERP systems are generally utilized within the entire application system for successfully enhancing the business-based efficiency (Luo et al., 2015).Moreover, the assets management that is linked with IBM are also discussed for getting proper understanding about the various concepts.
8 PROGRAM AND PORTFOLIO f) LO6 i) Summary The portfolio for week 6 elaborates the importance of PM application which generally lead to effective PM knowledge management in order to make effective decisions. It is found that both the project team and the project manager generally undertake the entire work by using the concept of knowledge management for making proper decisions. By making effective decisions, the entire project-based risks get resolved for getting success. Within the entire procedure of verification, the project manager has the ability of recognizing the issues that are linked with the suppliers. ii) Evidence In this particular unit, proper discussion in context to system maintenance, operation as well as logistic are mainly discussed. Within the entire transition-based system, there are a number of activities that are generally considered for successful integration, installation and verification in context to acceptance testing (Guo, 2016). g) LO7 i) Summary The portfolio for week 7 is generally dependent or focused on the comparison that is done in context to electronic PPPM in different knowledge area over the lifecycle of the project. Within this entire study, the end procedures are properly identified as well as enabled. It is found that before the products are developed, both the project manager and the developer of the
9 PROGRAM AND PORTFOLIO products are generally capable of determining the effects that are associated with economy in order to develop proper market segment that is required for proper development of technology. ii) Evidence It is found that there are a number of technology-based services which are generally needed for properly driving the entire information which further add value within the business (Khan & Yairi, 2018).Proper identification of different types of procedures within the service level agreement helps in evaluating the services effectives. In addition to this, proper service systems are used for achieving the needs of the customers. h) LO8 i) Summary The portfolio for week 8 generally determines PPPM application system that further assists the project managers for monitoring the performance and for making different types of changes within the entire project. It is found that the entire study is based on governing the entire project for achieving the project objectives. The project managers are capable of recognizing different applications of PM. In addition to this, it is reflected that there are different types of communication programs that are mainly considered for effective performance reporting and for making proper plan for communication. ii) Evidence I have got to know the importance of communication and communication are helpful in reviewing the stakeholder as well as project performance effectively. The challenges that are associated with the project including the cost allocation, overrun of various types of resources
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10 PROGRAM AND PORTFOLIO get resolved with the help of effective communication-based methods (Ahmed et al., 2016).It is foundthattheapplicationthatisbasedonprogramintegrationisgenerallyhelpfulin coordinating the different types of activities within the project lifecycle. i) LO9 i) Summary The portfolio for week 9 mainly focuses on PPPM application system for effectively supporting the project, program as well as portfolio execution within the different industry domains. I have learnt the importance of software development lifecycle in order to deliver different types of software-based products. Moreover, if the project managers are able to select the accurate software development methodology then the work of the project will be performed successfully. ii) Evidence It is found that for achieving success, it is quite important to focus on the organizational behavior of the various individuals in context to the performance of the organization. It is analyzed that system development lifecycle including the conception and initiation phases are important for project. j) LO10 i) Summary The paper mainly elaborates contemporary developments for utilizing PPPM application system.ThedifferencebetweenPMBOKandsystemengineeringbodyof knowledgeis determined for the entire life cycle of the project. It is found that there are two different types of applications that are mainly utilized including the electronic as well as manual system.
11 PROGRAM AND PORTFOLIO ii) Evidence The application of the entire information system is generally based on the informational rate as well as different types of employees. Moreover, the management of different types of business data is considered as one of the major challenges for the entire organizationPutra, Ariantara,&Pamungkas,2016).Inadditiontothis,itisanalyzedthatcontemporary developments are used for PPPM based application systems. 3. Discussion and Conclusion It can be concluded that the weekly portfolios that are analyzed in this paper generally helps in providing insight information in context to real project management so that the complexities linked with the project can be managed. It is identified that system thinking is one of the ways with the help of which project issues are managed for accomplishing success. Success within the entire project is generally dependent on whether the entire project can be able to meet the objectives or not. Moreover, the consolidated portfolios are helpful in providing proper overview about the various learning outcomes along with different types of experiences that are learnt during the entire course work.
12 PROGRAM AND PORTFOLIO 4. References Ahmed, T. M., Bezemer, C. P., Chen, T. H., Hassan, A. E., & Shang, W. (2016, May). Studying the effectiveness of application performance management (APM) tools for detecting performance regressions for web applications: an experience report. InProceedings of the 13th International Conference on Mining Software Repositories(pp. 1-12). ACM. Arnold, R. D., & Wade, J. P. (2015).A definition of systems thinking: a systems approach. Procedia Computer Science, 44, 669-678. Guo, L. (2016). A system design method for cloud manufacturing application system.The International Journal of Advanced Manufacturing Technology, 84(1-4), 275-289. Hornstein, H. A. (2015). The integration of project management and organizational change management is now a necessity.International Journal of Project Management, 33(2), 291-298. Khan, S., & Yairi, T. (2018). A review on the application of deep learning in system health management.Mechanical Systems and Signal Processing,107, 241-265. Luo, X., Wang, J., Dooner, M., & Clarke, J. (2015). Overview of current development in electrical energy storage technologies and the application potential in power system operation.Applied energy,137, 511-536 Mjema, E. A. (2018). A System Thinking Approaching Maintenance, Production and Quality. Tanzania Journal of Engineering and Technology, 26(2).
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13 PROGRAM AND PORTFOLIO Putra, N., Ariantara, B., & Pamungkas, R. A. (2016). Experimental investigation on performance of lithium-ion battery thermal management system using flat plate loop heat pipe for electric vehicle application.Applied Thermal Engineering,99, 784-789. Sturm, R., Pollard, C., & Craig, J. (2017). Application performance management (apm) in the digital enterprise: managing applications for cloud, mobile, iot and ebusiness.Morgan Kaufmann. Xue, Y., & Lai, Y. (2016). Integration of macro energy thinking and big data thinking part one big data and power big data.Automation of Electric Power Systems,40(1), 1-8