Employer Based Project Assessment

Running head: PROJ6016 EMPLOYER BASED PROJECT
PROJ6016 EMPLOYER BASED PROJECT ASSESSMENT FIVE-
REFLECTIVE LEARNING REPORT
Name of the Student
Name of the University
Author Note

1PROJ6016 EMPLOYER BASED PROJECT
Executive summary
The main purpose behind describing the report is to understand the concept associated
with employer based project. In this assessment I am going to discuss about the concepts that I
have learnt. The main objective is to discuss the specific theories associated with the MIS project
portfolio principles at First national bank. The report will describe the main learning that I have
learnt throughout the course work. While developing the project I have learnt that one of the
important factors that help in performing the task effectively is communication plan. Thus the
reflection will help in analyzing the plans that will be beneficial for developing the project.

2PROJ6016 EMPLOYER BASED PROJECT
Introduction
This report will describe the lessons that I have learnt over the course work so that it
becomes easy to understand the main concepts associated with the project. The project developed
is related to the first national bank in the state of Ohio. This organization is one of the reputed
banks and engages a huge customer base. Hence it can be stated this will help in developing a
proper employee based project. While developing an employee based project it becomes
essential to understand the behavior possessed by employees so that it can ensure better progress
(Kerzner &Kerzner, 2017). While addressing the organization details it is observed that there are
different issues faced by the organization that are needed to be mitigated so that it can provide
better satisfied results towards the customers. The issues that are faced with the working of the
organization are the ineffective budget that hampers the process. Thus the report will discuss the
key elements that are analyzed as an important aspect throughout the development of project.
About the employee based project
The aim of this project is to describe the management principles that are going to be used
for the purpose of ensuring proper management of the activities. With the help of proper project
portfolio principles it becomes easy to understand the resources that will be used for completing
the project and the essential stakeholders that will help in managing the activities within the
national bank. After analyzing the project the benefits that I have learnt with using effective
project portfolio principles is that it helps in having a proper information system and also ensures
that all the concerns associated with the organization are resolved. After understanding the
concept of PPM principles it can be stated that the PPM is a philosophy. The philosophy states

3PROJ6016 EMPLOYER BASED PROJECT
that without a proper strategic methodology, planning project portfolio it becomes difficult to
complete the project. Thus in order to ensure proper completion of the project it becomes
essential to ensure that it has been prepared by following the PPM principles (Kaiser, Arbi &
Ahlemann, 2015). The major four steps that are associated with the PPM principles is the
completion of initiation phase, completing the planning phase, completing execution phase and
lastly the closure phase. With the help of portfolio management principles it becomes easy to
analyze the outcomes (Reich & Wee, 2019). Thus it becomes important to understand the
concepts related to portfolio management. The major benefits that is offered with the help of
project portfolio management is that it helps in making better decision and ensures that all the
concerns of organization are being resolved effectively. In addition to this it becomes easy to
manage the risks that are likely to arise within the organization. The project turn time becomes
faster while developing the project by following the portfolio management principles. Apart
from all this the project delivery time increases that leads to high success rate and ensures better
streamline data along with better collaboration with the customers (Conforto et al., 2014). The
main focus is to develop projects that will be able to overcome the issues faced by the
organization.
The principles that are associated with project portfolio management is that it helps in
aligning the strategy together and hence the project gets completed within a fixed amount of
time. The governance can be aligned easily with the help of portfolio management. Portfolio
management also helps in performing the project mainly by focusing on confidentiality and leads
actively within the organization (Mir & Pinnington, 2014). The main elements that are associated
with portfolio management process includes clarifying the strategic intent, flow of good
proposals can be performed and helps in making better decision that will be beneficial for