VARUN THATIKONDA / 12068175 - PPMP20012 Unit Portfolio for Week

VARUN THATIKONDA / 12068175 - PPMP20012 Unit Portfolio for Week 1
Week 1 Topic: Explain the relevance of systems thinking to PM.
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
 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—
1. Explain the
relevance of
systems
thinking to the
project,
program and
portfolio
manager.
System thinking is considered as one of the frameworks that is
mainly utilized for reflecting on the interrelationships rather
focussing on the things for seeing on the patterns rather than
different types of static snapshots. It is found that the system
thinking is helpful in making proper assumptions and assists in
determining risks effectively. Moreover, it also helps in properly
communicating the issues as well as the proposed solutions for
achieving benefits.
It is found that portfolio management is one of the procedures
that helps in prioritizing as well as controlling the projects as
well as programmes of the organization for achieving the
objectives. On the other hand, programmes is one of the
coordinated management within the project as well as change
management based activities that are helpful in achieving
success. Thus, it is found that system thinking generally helps
the programs by properly reflecting on the scope, dependencies,
transition planning as well as different types of external
changes.
I have analyzed that the readings assist in putting proper
insights om the project outcomes that showcases that the
system thinking plays an important role in managing the project,
program as well as portfolio.
Mjema, E. A. (2018).
A System Thinking
Approaching
Maintenance,
Production and
Quality.
Tanzania
Journal of
Engineering and
Technology, 26(2).
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