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The Standard for Portfolio Management

   

Added on  2021-05-31

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(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 1WEEK 8: IDENTIFY HOW PM APPLICATION SYSTEMS CAN ASSIST PROJECT MANAGERS TO MONITOR PERFORMANCE AND MANAGE CHANGES WITHIN THE PROJECT.Reading samplesLearning outcomes of the unitLearnings from your weekly study, experience, this and prior unit readings and assignmentsSupporting documentation including any prior learningMandatory ReadingsPMI (2013) The Standard for Program Management -- Third Edition Chapter 8;PMI (2013) The Standard for Portfolio Management -- Third Edition Chapter 7;Project management is field which makes sure that all the component of a project is managed efficiently. Risk management, time management, cost management, resource management, quality management, communication management, several others are some of the management areas which are managed by the methodologies of project management. Also, using application system increases the possibility of success of project. The system monitoring depends on various factors i.e. product and service evaluation. The monitoring is also ensuring that processes are being performed aptly in the business. Learnings include definition, closure and benefit delivery. They are three phraseswhich are helpful in managing all components of program management. PPMP20012 Unit ProfilePPMP20012 Moodle Cheng, J. K., Malik, Z. A., & Sorooshian, S. (2017). Understanding the Interrelationship Between Different Knowledge Areas in PMBOK Through the Development of System Dynamics Model.The Social Sciences,12(3), 473-481.Effective communication shall be followed and maintained throughout Program resource management must make sure that the resources engaged with the project are adequately managed. There may be a few conflicts and points of disputes that may emerge among the resources. The management shall use communication and project management tools for the resolution of theConti, T. (2006). Qualitythinking and systemsthinking. The TQM1 of 5
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(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 1Reading samplesLearning outcomes of the unitLearnings from your weekly study, experience, this and prior unit readings and assignmentsSupporting documentation including any prior learningthe project lifecycle so that the project goals may be achieved. There shall be adequate gathering, storing, and transmitting of the information done. conflicts and disputes between the resources or stakeholders. Magazine, 18(3), pp.297-308.Project communication and program communication are the two different set of activities that include different tasks under them. Program communications primarily focus upon stakeholder engagement and their needs. The activities associated with planning and transmitting the information sets to the stakeholder along with following the reporting architecture is covered under program communication. Project management handles numerous areas of the project. Out of these areas,two extremely significant ones are risks and scope. Project risks are managed by project management methodologies by defining a phased approach for the management of the risks. Similarly, scope definition, planning, and handling is also included under project management. Dominici, G. (2015).Systems Thinking andSustainability inOrganisations. Journal ofOrganisationalTransformation & SocialChange, 12(1), pp.1-3.Program financial management is a part of planning phase in Communication management focusses on the specific needs and expectations ofthe project stakeholders. These stakeholders may be internal or may also be external to the project or the organization. The varying needs are addressed in Gasik, S. (2015). AnAnalysis of Knowledge2 of 5
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