PPMP20012 Unit Portfolio: Advantages & Disadvantages of PM Systems

This PPMP20012 Unit Portfolio for Week 7 delves into a comparative analysis of manual and electronic project management (PM) application systems across various PM knowledge areas throughout a project's lifecycle. It explores the advantages and disadvantages of each system, drawing from weekly studies, experiences, and assigned readings. The portfolio covers key concepts such as project management objectives, project portfolio management, and the phases of a project lifecycle, including initiation, planning, execution, monitoring, controlling, and closure. It also discusses the importance of project planning, risk management, resource allocation, and the role of project management software in document sharing and real-time collaboration. The analysis highlights how company size and resource allocation can impact the success of project portfolio management. References to relevant academic sources and lecture slides are included to support the analysis.

(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 7
Week 7: Compare and contrast the advantages and disadvantages of different manual and electronic PM
application systems within each PM knowledge area over the life cycle of a project.
Reading samples Learning
outcomes of the
unit
Learning’s from your weekly study, experience, this and
prior unit readings and assignments
Supporting
documentation
including any
prior learning
Mandatory Readings
 SEBoK Part 4:
Applications of
Systems
Engineering;
 AS/NZS
15288:2015
Annex F & G
1. To compare and
contrast among the
advantages as well
as disadvantages of
the various manual
along with
electronic PM
application system
From week 7, I learned that there are some advantages as well as disadvantages
of manual and electronic PM application system over the project life cycle.
Throughout the course, I understood the project life cycle and its purpose of the
project management into the working organization.
Lecture slide of week 7
Binder, J.
(2016). Global
project management:
communication,
collaboration and
management across
borders. Routledge.
2. To analyse the
concept of project
management in PM
application system
I learned that the objective of project management is assessed of jobs as well as
breaks digestible tasks for accomplishment of setting of goals. The ability of this
project is to manage of the project objectives and see from conception towards
completion of the skillets which is learned throughout the course experiences.
Kerzner, H., &
Kerzner, H. R.
(2017). Project
management: a
systems approach to
planning, scheduling,
and controlling. John
Wiley & Sons.
3. To analyse the
concept of project
portfolio
management
In order to gauge with the project scope, the project manager should set of the
time frame and it is required to view the business as whole. Each of the project
is prioritized the tasks and the projects can grouped into the programs, that will
eventually form the portfolio.
Lecture slide of week 7
Mandatory Readings 4. To determine There is some amount of benefits to active the project portfolio management.
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(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 7
Reading samples Learning
outcomes of the
unit
Learning’s from your weekly study, experience, this and
prior unit readings and assignments
Supporting
documentation
including any
prior learning
 SEBoK Part 4:
Applications of
Systems
Engineering;
 AS/NZS
15288:2015
Annex F & G
advantages of PM
application
management
system
The advantages of PM application system are:
Inventory: There are various types of programs are going on, and it is critical to
analyse what are the availability of resources. Each one should work with earlier
stage of the planning.
Involvement: PPM is allowed for involvement across various project verticals.
The portfolios are tending to gain of senior management and involve from
beginning to ensure for greater level of project success.
Risk: The project is shared for the resources into the portfolio, then it lessens
risks for failing of the project.
Optional Readings
 AS ISO
21504:2016
 BP News Wrap-up
5. To determine
disadvantages of
PM application
management
system
PPM comes to the project benefits, then the company goes for daily operations
such as:
Resources: The resources have advantages when program responsibilities are
being shared, and then there is downfall of the project portfolio management.
When wrong persons are assigned to allocate of resources, then there is
disappointed of the management.
Size: The company’s size determines the success for the portfolio project
management. When the business is smaller and minimal, then it is required to
waste the labour and cost organized.
Lecture slide of week 7
Mandatory Readings
 SEBoK Part 4:
Applications of
Systems
Engineering;
6. To determine the
project
management
software
The project management software can collaborate with the project team
members in real time. The project management software is offered of
communicational tools which assist the team to discuss issues in real time.
Mandatory Readings
 SEBoK Part 4:
Applications of
Systems
Engineering;
7. To analyse of
document sharing
The project is required to use of significant documentation and sharing of
documents which allows the individuals to update and deal with the issues that
they are raised.
Mandatory Readings
 SEBoK Part 4:
Applications of
Systems
8. To determine the
phases of project
life cycle
Into the project lifecycle, there are five phases such as:
 Project initiation
 Project planning
 Project execution
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(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 7
Reading samples Learning
outcomes of the
unit
Learning’s from your weekly study, experience, this and
prior unit readings and assignments
Supporting
documentation
including any
prior learning
Engineering;
 AS/NZS
15288:2015
Annex F & G
 Project monitoring and controlling
 Project closure
Binder, J.
(2016). Global
project management:
communication,
collaboration and
management across
borders. Routledge.
9. To analyse the
project life cycle
The project life cycle is referred to four step of the process which is followed by
the project managers when moved throughout the stages of the completion of
project. The project life cycle is provided of framework to manage the project
type with the business. The project lifecycle is a standard process which is used
to achieve of success into the project.
Lecture slide of week 7
Kerzner, H., &
Kerzner, H. R.
(2017). Project
management: a
systems approach to
planning, scheduling,
and controlling. John
Wiley & Sons.
10. To analyse the
project planning
into project life
cycle
The project planning is determined as approach towards defining how the
project is to be done. There are two types of planning such as strategic and
implementation planning.
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(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 7
References
Binder, J. (2016). Global project management: communication, collaboration and management across borders. Routledge.
Duffield, S., & Whitty, S. J. (2015). Developing a systemic lessons learned knowledge model for organisational learning through projects. International
journal of project management, 33(2), 311-324.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Zaman, A. U. (2015). A comprehensive review of the development of zero waste management: lessons learned and guidelines. Journal of Cleaner
Production, 91, 12-25.
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