This portfolio explores the relevance of systems thinking, tools and techniques, systems engineering, project organization, PM application systems, and contemporary developments in project management. It provides insights, summaries, evidence, and discussions on each topic.
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PROJECT MANAGEMENT METHODOLOGIES PPMP20012 Consolidated Portfolio STUDENT NAME: MOHAMMED ABDUL BAKHI STUDENT ID: 12067067 LECTURER:<insert> CAMPUS: <insert> 1
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TERM: 1, 2018 Contents Introduction......................................................................................................................................3 Course Learning Outcomes.............................................................................................................4 1.Explain the relevance of systems thinking to the project, program and portfolio manager.4 Summary..................................................................................................................................4 Summary..................................................................................................................................4 Evidence..................................................................................................................................5 2. Identify different systems thinking tools and techniques to aid project managers solve project problems..........................................................................................................................5 Summary..................................................................................................................................5 Evidence..................................................................................................................................6 3. Assess the relevance of systems engineering to project cases.................................................6 Summary..................................................................................................................................6 Evidence..................................................................................................................................7 4. Describe how systems engineering concepts and methodologies can help a project, program and portfolio managers organise a project...................................................................................7 Summary..................................................................................................................................7 Evidence..................................................................................................................................7 5. Explain the importance of appropriate selection of project management (PM) application systems in regards to meeting the internal and external objectives of a project..........................8 Summary..................................................................................................................................8 Evidence..................................................................................................................................8 6. Describe how the use of project management (PM) application systems can lead to effective PM knowledge management and decision making.....................................................................9 Summary..................................................................................................................................9 Evidence..................................................................................................................................9 7. Compare and contrast the advantages and disadvantages of different manual and electronic project, program and portfolio (PPPM) application systems within each PPPM knowledge area over the life cycle of a project, program or portfolio..................................................................9 Summary................................................................................................................................10 2
Evidence................................................................................................................................10 8. Identify how project, program and portfolio (PPPM) application systems can assist project managers to monitor performance and manage changes within a project.................................10 Summary................................................................................................................................11 Evidence................................................................................................................................11 9.Propose appropriate project, program and portfolio (PPPM) application systems to support successful project, program and portfolio execution in different industry domains.................11 Summary................................................................................................................................11 Evidence................................................................................................................................12 10.Discuss contemporary developments in the use of project, program and portfolio (PPPM) application systems......................................................................................................12 Summary................................................................................................................................12 Evidence................................................................................................................................12 Discussion and conclusion.............................................................................................................13 References......................................................................................................................................15 Appendix....................................................................................................................................16 3
Introduction It should be noted that in order to complete the project there are various techniques which could be used by the project manager. In this assignment report, all the fundamentals of project and portfolio management have been explained along with a brief explanation provided on the various tools which could be used by the researcher in order to manage the projects and portfolios. It should be noted that both project and portfolio management although are different activities but are correspondent of each other which makes it essential for the project manager of the company to make sure that these duties differ effectively. There are various methodologies which could be used in order to organise the project. The assignment report will present the reader with Learning Outcomes which will help them to get the idea about the experiences of the researcher throughout the project and will also give an idea about the resource management throughout the project phase. 4
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Course Learning Outcomes 1.Explain the relevance of systems thinking to the project, program and portfolio manager It should be noted that the systems thinking is the tool which can effectively and efficiently help the project manager of the company to effectively and efficiently take care of the project related processes which can further help in the enhancement of project development process. In the process of project management and development, it is important that the project manager of the companyshouldmakesurethatprojectandportfolioactivitiesshouldtakeplaceina collaborated manner. It is also important that the project should be effectively completed under the stipulated time which makes it even more essential to make sure that the tools of systems thinking have been effectively applied. Summary It should be noted that in each and every project it is important for the project manager of the company to ensure timely completion of processes and activities which makes it even more essential for the project manager of the company to apply relevant tools and techniques. The systems thinking provide various tools and techniques such as TQM, PERT, KANBAN etc. which can be used by the project and portfolio manager to ensure timely and quality completion of the project(Sebokwiki.org., 2018). Summary It has been identified that the framework of systems relationship helps the project and portfolio manager of the company to identify and analyze the relationships between the projects that can help in effective and efficient completion of the project that too with best quality. There are various constraints such as management, social sciences and engineering embedded into the concept of systems engineering. This is the technical framework which allows the manager of 5
the project to gain effective insights into the needs and requirements of the project and further helps in enhancing their appeal as well. Evidence Taking into consideration the large-scale project that are currently being operated in the infrastructural industry of UK, it has been found that there are various large-scale project which has been identified to be using the tools and techniques of system thinking to their advantage which allows them to effectively and efficiently take care and manage the development of the project and its quality as well. Project such as Deepwater Horizon uses the systems thinking tool take use of effective and efficient systems thinking tools such as Brainstorming, computer-based tools etc. in order to develop the project. 2. Identify different systems thinking tools and techniques to aid project managers solve project problems It should be noted that the system thinking tools and techniques are one of the most important tools that can help in reducing the complexity of the project. The project development is a complex process and this makes it essential for the project manager to make sure that the accuracy of operations is achieved. This reduces dependency and reliance of the project manager on the human workforce(Sebokwiki.org., 2018). This makes it important for the project manager to make use of different tools of system thinking to solve the issues that might be faced in the project and reduce its complexity as well. Summary There are various tools and techniques provided by the constraint of systems thinking which can be of effective use to the user and can help them to critically manage the development of the project. These tools are effective in reducing the complexity of the process and also solving and eradicating the issues that might be faced. It is important for the project manager to keep in mind that there are some human-related issues which cannot be solved by the application of digital 6
tools. In such cases, application of personal experience is required(Sebokwiki.org., 2018). Various tools such as trend mapping, actor mapping, fish diagram, computer-based software etc. are included in this and can be used by the project managers of the company. Evidence It has been identified taking into consideration the development of deepwater horizon that the project manager of the company has taken into consideration various techniques such as computer-based technologies, actor mapping, etc in order to undertake the rescue operations. It should be noted that these tools were also used in order to limit the harm that might have been caused by the oil spill. 3. Assess the relevance of systems engineering to project cases Systems engineering can be stated as the disciple that is required to be followed in order to fulfil the needs and requirements of the project. It is important to keep in mind that the systems engineering and project management are complementary tasks and both of these are required in order to maintain the smooth development of the project(Kerzner & Kerzner, 2017).Various development and managerial based benefits are gained by them. Summary The system engineering is one of the most significant aspects of the project development. This not only helps the project to increase its quality but this also helps the project manager of the company to make sure that all the aspects of the project are effectively fulfilled. Here it is also important for the project manager of the company to make sure that there is a balance between the project engineering and project management which can help in increasing the efficiency of this process(Kerzner & Kerzner, 2017).Various advantages of systems engineering that can help the project manager of the company have been stated below: ï‚·Completion of value proportion; ï‚·Improvement of efficiency of process; 7
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ï‚·Effective assignment of duties and responsibilities. Evidence It has been found in the case of Deep Water Horizon which is one of the biggest oil refineries in the world, the application of systems engineering has been effectively and efficiently applied which also gives the company many added advantages as well. One of the major advantages is seen in the context of operations of the system which is currently being done in a smooth manner. Also, this has helped in smooth follow of communication during the course of project development. 4. Describe how systems engineering concepts and methodologies can help a project, program and portfolio managers organise a project. It should be noted that the application of systems engineering project can help in merging various other activities of development of the project. With the effective and efficient application of systems engineering the project manager of the company can ensure that all the activities are aligned and organized which can help the project managers to effectively organize and manage the project. Summary For the project manager of the company, it is important that each and every tool of project management should be used such that the company might be able to reduce the complexity of the project. There are various processes in the concept of system thinking that can effectively help the project and portfolio managers to effectively solve project related issues and ensure smooth organisation of the project. Techniques such as Six Sigma, TQM, PMBOK, etc. can be used (Kerzner, 2004). 8
Evidence It should be noted that in order to complete the project of Deep Water Horizon, the project manager has effectively and efficiently taken use of the TQM and Six Sigma approach in order to maintain the good quality of the project. This not only helped the project management team in ensuring that operations are conducted in an effective manner but this also helped in managing the operations in an integrated manner(Kerzner, 2004). 5. Explain the importance of appropriate selection of project management (PM) application systems in regards to meeting the internal and external objectives of a project. In the development of the project, it is important for the project manager of the company to make sure that all the deliverables of the project and the development of the project is done effectively keeping in mind that external and internal environment of the project development. In order to ensure the same, it is critical for the project manager to effectively apply systems such that internal external risks are reduced. The application of project management tools and software can help in ensuring the same. Summary With the application of the tools and techniques of systems engineering in the development of the project, it should be noted that the project can get various advantages which would not only help in effective completion but will also ensure that the needs and desires of externals, as well as internal stakeholders, are effectively fulfilled(Kerzner, 2004). The tools help in identification of issues that might arise in the external and internal environment and can also help in addressing the same. These tools also help in application of a faster response system. Evidence It has been identified in the context of various projects being developed in UK that the projects that are being developed on large scale have to face issues posed by the external environment of 9
the industry. The implementation and facilitation of project management tools allow the project manager of the company to make sure that future insight into the risks are gained and the issues faced are effectively resolved. 6. Describe how the use of project management (PM) application systems can lead to effective PM knowledge management and decision making. It has been found that in the case of development of the project the tools and application of the project management and systems thinking helps the project manager to gain the idea about risks that might be faced and issues that might arise in the development of the project. These future insights of the project help the project manager of the company to make effective decisions such that the impact of these risks can be effectively reducedwell (Levine, 2007). Summary In the development of a project on a large scale, it has generally been found that the project manager of the company at times might have to come across the issues and risks that have the potential to harm the development of the project. The tools of project management and systems engineering such as risk assessment framework, application of creative thinking help the project manager of the company in making sure that these issues are effectively and efficiently addressed(Levine, 2007). Evidence In the case of Deep Water Horizon, it has been found by the researcher that there were various law and structural problems in the structure of the project; with the application of KANBAN, the project manager was able to identify issues and solve the same. This not only reduced the risks but also facilitated effective and efficient decision making as well. 10
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7. Compare and contrast the advantages and disadvantages of different manual and electronic project, program and portfolio (PPPM) application systems within each PPPM knowledge area over the life cycle of a project, program or portfolio. With the development of the technology, it has been found that each and every technology in the industry has various advantages as well as disadvantages which has the potential to hamper the development of the project. Same is the case with the application systems of PPPM. The disadvantages may lead to various issues such as increment in risks, project delays, disruptions etc. Summary It should be noted that in the development of Deep Water Horizon there was usage and application of various tools of project management which allowed the project manager of the company to fasten the processes. Though the computer-based tools such as IBM, Microsoft Office etc. helped in resolving the issues and smoothening of the project, it should be noted that this software was costly and also required training of the employees which is the major disadvantage. Also, this software was able to solve structural issues and not the issues involving humans(Young & Conboy, 2013). Evidence During the development of the Deep Water Horizon, it was found that there were various issues found among the employees such as trust issues, ego clashes etc. These issues cannot be solved by the application of software and would require human reasoning. Thus it can be said that it is important for the project manager of the company to make sure that the advantages which are gained from the application of software application are effectively harnessed but over-reliance of the project manager can be harmful to the development of the project. 11
8. Identify how project, program and portfolio (PPPM) application systems can assist project managers to monitor performance and manage changes within a project. The development of PPPM software and applications is regressive in nature and it has been identified that with the application of these systems the project manager of the company can get the details and insights on the activities that are required to be done in order to complete a particular task. In the development of the project, it is important for the project manager of the company to make sure that the deadlines are met and project is completed without any delay. The application of portfolio management has helped the project manager in the same. Summary For the project manager of the company, it is important to use the tools of PPM as these tools and techniques help them to solve the critical issues that might be faced during the development of the project. Apart from this, the application of these tools also helps the project and program managers of the company in keeping a critical eye on the development and progress of the project. This majorly helps them to ensure that the project is completed within stipulated time (The Systems Thinker, 2018). Evidence During the development of the project of Deep Water Horizon, it has been identified that the project manager of the company has effectively taken into consideration the tools such as WBS, Gantt chart etc. in order to make sure that the development of the project is being done in accordance with the timelines set for each task. It is also important that the quality of project should be at optimum levels according to with effective development. 12
9.Propose appropriate project, program and portfolio (PPPM) application systems to support successful project, program and portfolio execution in different industry domains. There are various tools and software which can help the project manager of the company in ensuring that the project is being developed in an effective manner. This software is developed in a rapid manner and they majorly help the project manager of the company to fasten the development of the project(The Systems Thinker, 2018). Not only this, these tools also help the project manager of the company in solving the complex and mathematical issues that might be faced during the course of development of the project. Summary There is various project management software which is currently being utilized all around the world that helps the project and program managers to make sure that the activities are being effectively completed within the stipulated time. This software also allows the project manager of the company in ensuring that the issues faced are solved in an effective manner. Software such as IBM, Microsoft Office, 3D Earth Mapping etc. is being used by the project managers of the company in resolving the issues faced(The Systems Thinker, 2018). Evidence During the development of the Deepwater Horizon it was found by the project manager of the company there were various strategically issues faced by the company in the structure of the project. These issues were effectively solved by the project manager of the company by taking into consideration these tools of project management. 13
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10.Discuss contemporary developments in the use of project, program and portfolio (PPPM) application systems. In this part of the portfolio it has been found that there are various developments in the field of portfolio management which makes it even more essential for the project manager of the company to make sure that the systems and tools that are being used in the project development are updated and in accordance with the trends in the industry. The usage of these tools and techniques has also increased in an effective manner. Summary It should be noted that in the development of the project it is important for the project manager of the company to make sure that the tools and techniques which are being used are updated in accordance with the development of the technology. It is also important for the project manager of the company to ensure that there is application of updated and effective software tools. Evidence It has been identified taking into consideration the development of Deep Water Horizon that there were various tools used by the project manager of the company which helped the project manager of the company in ensuring that there are no issues faced in the development of the project. The developments in the tools and techniques have fastened and smoothened the process of project development. Discussion and conclusion Thu from the development of the project, it can be stated that there are further insights that have been gained by me in the development of the project. In this segment of the portfolio, there is a discussion of the learning that has been gained. The learning from each week has been stated below as follows: 14
In the 1stweek of development of the report, I have gained insights about the importance of systems thinking tools and techniques which have also helped me in gaining the deeper insights into the development of the project and portfolio management. The 2ndweek of the course has helped me in gaining the knowledge about the systems thinking tools and techniques which can help in solving the issues that the company might have to face during the development of the project. The insights into techniques to address these problems have also been gained. In the 3rdweek of the course, I have gained the insights about the importance of systems thinking for the project manager of the company an how these tools and techniques can help me in solving the issues that might be faced. In the 4thweek of the development of the project, I have gained the knowledge about the organization of project and how this can be enhanced by the application of systems engineering concept and methodologies. In the 5thweek of the development of the report, I have gained the knowledge about how I can effectively and efficiently use project management tools in order to meet external and internal objectives. In the 6thweek of the development of the report, I have gained knowledge about how the systems engineering and project management tools can enhance the decision making of the project manager of the company. During the 7thweek of the development of the project, I have gained the insights about various advantages and disadvantages of the project, program and portfolio management systems over the life cycle of the project. In the 8thweek of the development of the project, I have gained the knowledge and insights about how the PPPM application systems can help the users and project managers to effectively facilitate and monitor the changes that take place during the development of the project. 15
During the 9thweek of the project development, the insights about the software program and processes and how they can contribute to the development of the project was learnt. This idea was analyzed taking into consideration the operations of various industries. Duringthelastweeki.e.10thweekoftheprojectdevelopment,theknowledgeinthe developments in the project, program and portfolio management systems were gained taking into consideration the technological developments and advancement in the industry. 16
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References ï‚·Kerzner, H. (2004).Advanced project management: Best practices for implementation. John Wiley & Sons. ï‚·Kerzner, H., &Kerzner, H. R. (2017).Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons. ï‚·Levine, H. A. (2007).Project portfolio management: a practical guide to selecting projects, managing portfolios, and maximizing benefits. John Wiley & Sons. ï‚·Sebokwiki.org. (2018).SEBoK. [online] Available at: http://www.sebokwiki.org/wiki/Guide_to_the_Systems_Engineering_Body_of_Knowled ge_(SEBoK) [Accessed 1 June, 2018]. ï‚·The Systems Thinker. (2018).Palette of Systems Thinking Tools - The Systems Thinker. [online] Available at: https://thesystemsthinker.com/palette-of-systems-thinking-tools/ [Accessed 1 June, 2018]. ï‚·Young, M., &Conboy, K. (2013). Contemporary project portfolio management: Reflections on the development of an Australian Competency Standard for Project Portfolio Management.International Journal of Project Management,31(8), 1089-1100. 17