PPMP20012 Unit Portfolio: PM Application Systems in Project Execution

This portfolio focuses on proposing appropriate project, program, and portfolio (PPPM) application systems to support successful project execution across different industry domains. It emphasizes the importance of these systems in organizing project activities, including planning, scheduling, and r...Read More

(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 9
Week 9: Propose appropriate PM application systems to support successful project execution in different
industries.
Reading samples Learning
outcome # 9
Learnings from your weekly study, experience, this and
prior unit readings and assignments
Supporting
documentation
including any
prior learning
Mandatory Readings
 PMI (2013) The
Standard for
Program
Management --
Third Edition
Chapter 8;
 PMI (2013) The
Standard for
Portfolio
Management --
Third Edition
Chapter 7;
Propose appropriate
project, program and
portfolio (PPPM)
application systems to
support successful
project, program and
portfolio execution in
different industry
domains.
PPPM application system can be described as a tool for organizing the different
activities in the project, which includes planning, scheduling and resource
management. These are certain important aspects of project management and a
portfolio application system helps in documentation of different activities
associated with a project.
It is important to ensure accurate project management in the implementation
phase of the project and therefore it is integral to choose an accurate
application system that will help in easier tracking of the project progress.
In the learning from the previous weeks, I have understood the importance of
program and portfolio management in project delivery. Project management is
an important aspect of project delivery.
Project Portfolio Management is a centralized management process and
methods that helps the project managers in appropriate management of the
issues in the project. The report generated by this system helps in easier
tracking and management of the costs, objectives, resources and the risks
associated a particular project.
The previous weeks’ learning has been quite helpful in managing and analysing
the need for such system in project implementation.
PPPM is a software package that enables the project managers in appropriate
estimation of the project activities and the resource needs of the project.
For accurate management of the application systems, it is needed to find
appropriate application system that can successfully manage the execution of
programs and portfolios.
There are a number of PPPM software that the organization can make use of in
PPMP20012Unit Profile
PPMP20012 Moodle
Web site
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(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 9
Reading samples Learning
outcome # 9
Learnings from your weekly study, experience, this and
prior unit readings and assignments
Supporting
documentation
including any
prior learning
easier management of the program and portfolios. Microsoft project is a tool
that can help in easier management of the programs and portfolios apart from
easier project scheduling. It is important to understand the process of accurate
portfolios management and the working principle of the MS project. This will
help in easier management of the program and portfolios in the project
implementation.
Appropriate application system can help in easier management of the project
schedule. Fir accurate scheduling, it is essential to get an accurate idea of the
project deliverables. With an accurate application system, it is possible to
develop an accurate schedule for the project implementation.
For accurate schedule along with an accurate program and portfolio
management, it is essential for the project team and the project manager to
have an idea of the different activities, tools and techniques associated with the
project. This will help in easier documentation of the tasks associated with the
implementation of the project.
An example of failure of accurate project management is BP, Deep Water
Horizon. There were certain managerial problems associated with the
implementation of the project. He issues in the cement base was not accurately
communicated to the higher officials resulting in oil leakage and delay in the
response. This shows an improper risk management process. With an accurate
application system, the tracking of the project progress could have been easier.
This week’s learning has been quite important for me as it helped in
understanding the process system applications. Appropriate management of the
different aspects of project is essential and this week’s learning have provided
me with a knowledge of the same.
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(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 9
References
Harrison, F., & Lock, D. (2017). Advanced project management: a structured approach. Routledge.
Heagney, J. (2016). Fundamentals of project management. Amacom.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Marchewka, J. T. (2014). Information technology project management. John Wiley & Sons.
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