Project Management for Operators of Large Assets: A Comprehensive Guide

PROJECT MANAGEMENT FOR OPERATORS
OF LARGE ASSETS
PPMP200013
Consolidated Portfolio
STUDENT NAME: MOHAMMED ABDUL BAKHI

Table of Contents
1. Introduction.....................................................................................................................................3
2. Course Learning Outcomes............................................................................................................3
2.1 Learning Outcome 1: Review using clear terminology the key areas and processes of project,
program and portfolio management practices as applies to asset rich organisations....................3
2.2 Learning Outcome 2: Discuss the relevance of tools and techniques for investigating and
describing project process related to developing new workings, facilities, equipment, plant and
processes for justifying, designing, developing, or maintaining existing facilities and equipment
within the context of their technological and asset lifecycle status..................................................5
2.3 Learning Outcome 3: Present and interpret major processes that are based on sound policy,
information, and research that enable project justification, tenders, contracts, and selection
criteria to occur in an asset rich organisation...................................................................................6
2.4 Learning Outcome 4: Critically analyse management strategies and operational activities
from a broad perspective to ensure safety and quality, to avoid overruns or rework, to manage
variations and claims, and to make decisions to discontinue or close projects...............................7
2.5 Learning Outcome 5: Demonstrate an effective, professional level of teamwork and
communication and support collaborative peer group learning......................................................8
3. Discussion and Conclusion..............................................................................................................9
4. References......................................................................................................................................11
5. Appendix........................................................................................................................................11
5.1 Portfolio 1.....................................................................................................................................11
5.2 Portfolio 2.....................................................................................................................................12
5.3 Portfolio 3.....................................................................................................................................12
5.4 Portfolio 4.....................................................................................................................................12
5.5 Portfolio 5.....................................................................................................................................12

5.6 Portfolio 6.....................................................................................................................................12
5.7 Portfolio 7.....................................................................................................................................12
5.8 Portfolio 8.....................................................................................................................................12
5.9 Portfolio 9.....................................................................................................................................12
5.10 Portfolio 10.................................................................................................................................13

1. Introduction
The profession related to project management has been analysed different deficiencies in the
organisational management which has an adverse impact on the management of projects. It is
necessary to overcome deficiencies by applying principles associated to project management
to the higher levels of the organisation. The project can be attained by utilising the
appropriate and effective techniques, knowledge as well as skills which are associated with
the project management. Portfolio project management refers to the continuous process of
selecting as well as managing the optimum set of initiatives which is associated to project so
that they can deliver the maximum results in terms of business value along with the return on
investment. Project portfolio management is a dynamic decision-making process which
enables the management to reach the consensus on the best use of resources so that they can
focus on the projects and by that goals can be attained. An information or data management
along with the collaboration system enables the operators so that they can securely store all
the project information in the online platform which is accessible in nature. This allows the
contractors so that they can easily access as well as exchange the information and documents
which they need and gives the asset operators by knowing and analysing the right documents
are with the right people and the right time.
This exploration giving the diagram of the capacities alongside the procedures of the task
administration that are received by the directors and administrators of the vast resources.
Huge resources might be settled things which incorporate mines, fabricating alongside the
procedure plants which incorporate power and phone systems. Substantial resources might be
unmistakable which incorporate healing facility yet it can be less unmistakable which
incorporate programming alongside the oversaw administrations. By utilizing the procedure,
the undertaking can be overseen adequately. Alongside this, every one of the assets can be
overseen in the most ideal way.