This document discusses the relevance of systems thinking to project, program, and portfolio management. It explores the benefits of systems thinking in accurately identifying and solving complex problems in projects, as well as meeting project requirements. The document also highlights the importance of portfolio management in project management.
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VARUN THATIKONDA / 12068175 - PPMP20012 Unit Portfolio for Week 1 Week 1 Topic: Explain the relevance of systems thinking to PM. Reading samplesLearning 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 SEBoK: 'Introduction to SEBoK' SEBoK: 'Introduction to Systems Engineering'; SEBoK: Part 7: Systems Engineering Implementation Examples Kerzner (2013) Chapters 2.1; 2.6 - 2.8; 2.21; AS/NZS 15288:2015 Introduction; Optional Readings AS ISO 21504:2016 Project, programme and portfolio management— Guidance on portfolio 1.Explain the relevance of systems thinking to the project, program and portfolio manager. The fundamental learning objectives that were set in the first week included systems, programs and projects. At first, I learnt that a project system is a collection of various sub-systems and it can be used to provide synergistic outputs in the form of open system, closed system and extended system. I also learned that a program is a collection of a number of activities that is conducted over an undefined period of time in order to achieve a particular objective of a project. In this case, the project has specific start and end dates and suitable operations are required to fulfil the deliverables. In this unit, I learned from SEBok regarding systems thinking that are adopted by project managers during execution of a project. Systems thinking approach provides the project managers with the benefit of accurately identifying and solving complex problems in the project. Systems thinking approach enables the manager to develop multiple approaches to problem solving in the project and review and modify the requirements accordingly. On the other hand, system engineering is used by the project managers to define an integrative approach in order to meet the requirements of a successful project system and also satisfy the needs of stakeholders, customers and users. At the same time, I also learned that portfolio management is an important fraction in project management. A portfolio is a document that is used to control, select and prioritise programs during a project in order to fulfil the deliverables at the right time and cost as per the main strategic objectives of the project. While studying in this unit, I also needed to understand the application of various software in project program and portfolio management systems. Some these software include Oracle Primavera, Microsoft Project, SAP ERP and IBM PPMP20012 Unit Profile PPMP20012 Moodle Web site URLhttps:// www.apm.org.uk/body- of-knowledge/context/ governance/portfolio- management/ 1of4
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VARUN THATIKONDA / 12068175 - PPMP20012 Unit Portfolio for Week 1 Reading samplesLearning outcomes of the unit Learnings from your weekly study, experience, this and prior unit readings and assignments Supporting documentation including any prior learning management;Maximo. At the initial stages of the module, I found it hard to understand the functionalities of these software applications and their requirements in our course of studies but gradually, I learnt the importance of these applications along with manual work to solve complex problems regarding PPPM. Overall, this unit provided me with a lot of knowledge as well as complex problem skills manually or with appropriate application of software and other tools that were included within the module. I learnt not only the lessons but also personal development that will help me in my future professional career. The supporting and important materials of Project Management and Systems Thinking have similarities in each other. To improvecomplex projects and avoid pitfalls, systems thinking is generally used in comparison to project management. Systems thinking is provides a synopsis in the analysis of the interrelations between things. Patterns can be found out using the method. Outlines of systems thinking have diverse uses in managing complex projects. To adhere to the outline of systems thinking, the team leaders and the managers must understand the needs and requirements of the individuals to work in an integrated and collaborative way. The guidelines of systems thinking integrates systems approach and systems science to properly practice and manage the complex projects. Systems knowledge is a superset of systems thinking, that ensures intellectual base and foundation. The method is useful in finding concepts, principles, patterns, and tools, which are accessible in systems engineering. The overall purpose of systems thinking is to focus in understanding the problem circumstances. The Agile approach is based on both the Systems Engineering and project management that is useful in building and developing projects on the basis of expectations needs and customer constraints. 2of4
VARUN THATIKONDA / 12068175 - PPMP20012 Unit Portfolio for Week 1 Reading samplesLearning outcomes of the unit Learnings from your weekly study, experience, this and prior unit readings and assignments Supporting documentation including any prior learning The manager of the project, portfolio manager or program manager of a company completely follows SPEM (Systems Engineering and Project Management) which ensures project program or portfolio success with the constraints, changing needs and customer expectations. This particular combined approach is used diversely in numerous sectors to ensure success of program, project or portfolio with the help of managerial and technical skills. If I notice any kind of failure in the project, I can that the failure was due to some technical issues and managerial failures. So, it can be concluded by me that to run a project successfully, there is a need for both technical and managerial efforts. Here, systems thinking based SEPM have a major role to play. Texas city and Deepwater Horizon were caused due to glitches in technology. The management is also held responsible for the same. There should be a strong management system, which can deal with such disasters to come up with strong mitigation plans at time of crisis. The management of the company need to use systems thinking to understand the current conditions of the oil refinery. The teams of the company, both the managerial and technical team should use systems thinking to understand environmental conditions and changes to develop a proper crisis management and mitigation plan. Program management can be stated as the management of integrated programs and projects. Project management can be defined as the management of non permanent aspects of the project. These management programs help in achieving the aim and goals of the project. In all of these three different management processes, systems thinking can be put into effective use to achieve the scope of the components by completely understanding the interrelations of the system components. Many managers also consider the use of PM and SE to get success for the long run. 3of4
VARUN THATIKONDA / 12068175 - PPMP20012 Unit Portfolio for Week 1 Reading samplesLearning outcomes of the unit Learnings from your weekly study, experience, this and prior unit readings and assignments Supporting documentation including any prior learning References Dolog, P., Thomsen, L. L., & Thomsen, B. (2016). Assessing problem-based learning in a software engineering curriculum using Bloom’s taxonomy and the IEEE software engineering body of knowledge.ACM Transactions on Computing Education (TOCE),16(3), 9. Zeigler, B. P., & Zhang, L. (2015). Service-oriented model engineering and simulation for system of systems engineering. InConcepts and Methodologies for Modeling and Simulation(pp. 19-44). Springer, Cham. 4of4