Importance of Project Management Application Systems

VARUN THATIKONDA / 12068175 - PPMP20012 Unit Portfolio for Week 5
Week 5 Topic: Explain the importance of appropriate selection of Project Management
(PM) application systems in regards to project realisation
Reading samples Learning
outcomes of
the unit
Learnings from your weekly study, experience,
this and prior unit readings and assignments
Supporting
documentation
including any
prior learning
Mandatory Readings
SEBoKhttp://
www.sebokwiki.org
•Part 3: Systems
Engineering and
Management:
Knowledge Area:
Introduction to Life
Cycle Processes;
•Part 3: Systems
Engineering and
Management:
Knowledge Area: Life
Cycle Models;
•Part 3: Systems
Engineering and
Management:
Knowledge Area:
Concept Definition;
Optional Readings
 AS ISO 21504:2016
Project, programme
and portfolio
management—
Guidance on portfolio
management;
 –SWEBOK V3
Explain the
importance of
appropriate
selection of Project
Management (PM)
application
systems in regards
to project
realisation
After going through the learning material discussed in
week 5, I came to know about the details of importance
of accurate project management application system
selection in regards with project realization. The list
information contains in a project management
information system are project approval, project
initiation, project planning, scheduling, execution,
monitoring and control and project closure. In other
word, it can be said that in order to execute any project
successfully within assigned time and budget the project
managers and project team members are required to
follow the project development life cycle stages
sequentially. If any single stage is missed then the
project will fail to meet the primary objectives.
During the lecture class I have also come across the
applications and benefits of Enterprise Resource Planning
in business operations. ERP system also considers many
other knowledge areas beyond time and cost. I have
learned that information collectively act as a key for
successful organizational decision making. An ERP
system coordinates resources, needful information and
also takes variety of business and projects purposes
before implementing any project. I have learned that,
ERP system helps to increase the business efficiency
however it deals with finance, accounting, HR and overall
PPMP
20012Program &
Portfolio Information
SystemsLecture 5
for Week 5
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