Project Management Principals

Running head: PROJECT MANAGEMENT PRINCIPALS
PROJECT MANAGEMENT PRINCIPALS
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1PROJECT MANAGEMENT PRINCIPALS
Introduction and summary of outcomes
For the proper management of the project and the process the project and the portfolio
management is important. In this context, it can be said that the indulgent of the system
thinking and process management are needed to be developed in a proper way. The outcome
of the processes are needed to be monitored by the project manager. Apart from that there is a
chance that the failure of the project may happen in case if the system process and the
planning is not maintained in a proper way. The main objective of this paper is to identify
different aspects of the project management.
Itemise each learning outcome
a) LO1: Relevance of system thinking to project management
i. Summary
System thinking is important for the development of the project. In this context, the
process has described as the closed system open system and extended system. System
thinking will help the project managers to identify the complexity of the projects in the
organization. Apart from that the analysis of the identified problems can be done through the
application of the system thinking. Apart from that system thinking approach is defined by
the integrative approach that will help the project to meet all the desired requirements.
ii. Evidence
It has been seen with the help of system thinking, there is a chance that the further
improvement of the quality of the project can be achieved. Apart from that the analysis and
the identification of the problems can be done through the proper implementation of system
thinking method.
b) LO2: Identification of different system thinking tools for the project managers

2PROJECT MANAGEMENT PRINCIPALS
i. Summary
The system thinking tool is relevant for the proper development of the project. System
thinking tools are helpful for the management of the complex system in the projects like
DeepWater Horizon. It has been seen that with the help of the system thinking tool the
development of the risks management strategy can be applied.
ii. Evidence
It has been seen that the system thinking tools can help the project and portfolio
mangers for the development of the project. The portfolio managers will be helpful for the
proper development of the project. It has been seen that with the help of the system
management tools the complexity of the project can be normalized. Apart from that through
the implementation of the system thinking tool the selection of the right project methodology
can be implemented.
c) LO3: Evaluation of the relevance of the system thinking in the project management.
i. Summary
It has been seen that the system engineering is dependent on the system of system,
service system and the product system. The main objective of the application of the system
engineering is to deliver the project that will able to deliver the right and the proper outcome.
ii. Evidence
It has been seen that the without the proper implementation of the system engineering,
there is a chance of the failure of the project. In this context, the example of the DeepWater
Horizon can be given. It has been seen that the failure of the project in DeepWater Horizon
has been initiated for the lack of system thinking in the organization.

3PROJECT MANAGEMENT PRINCIPALS
d) LO4: System engineering concepts to help the project managers to compile project
and portfolio management.
i. Summary
There is a difference between system engineering concepts and the methodologies. It
has been seen that the methodologies will help the project managers to implement the process
for the compilation of the project. On the other hand the system engineering concepts will
help the project manager to think about the technical aspects of the business procedure.
ii. Evidence
In the context of the system engineering, two terms can be discussed- taxonomy and
axiom. These two terms are important for defining the system engineering and the
management. The taxonomy will define the classification of the different functionalities. On
the other hand the axiom will define the proven statement for the organization. The
application of these two terms are important for the development of the project.
e) LO5: Importance of selecting the appropriate project management applications in
order to meet all the internal and external objectives of the project management.
i. Summary
It is important to select the right project management application for the proper
development of the project. It has been seen that the right project management application
will help to implement the functionalities in a proper way. Apart from that, it has been seen
with the selection of the proper project management methodologies, the generation of the
proper outcome can be achieved.
ii. Evidence