Portfolio Report: System Engineering, Project Management, and Tools

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This report is a consolidated portfolio reflecting on the application of system thinking to project, program, and portfolio management. It delves into system engineering principles, tools, and their practical implementation. The report covers key concepts like system thinking, project management methodologies, and the use of various system tools such as conceptual models, graphical analysis, and input-output analysis. It also examines the importance of system engineering in meeting client needs, facilitating learning, and making informed decisions. Furthermore, the report explores the advantages of setting appropriate project administration and the utilization of systems to achieve project goals, emphasizing factors like efficient data processing, compatibility, and system integration. The report concludes by highlighting the significance of system engineering for project managers, emphasizing the need for a well-defined workflow and the importance of considering vendor opinions and project specifications to minimize setbacks and ensure project success.
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Running head: CONSOLIDATED PORTFOLIO
Consolidated Portfolio
Name
Institution
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CONSOLIDATED PORTFOLIO 2
Inttroduction
The subject matter of dissertation during the first week majored on the pertinence of system
thinking to project, program and portfolio administration/management, consisting mostly of the
system engineering body knowledge (SEBoK). Moreover, within the main subject matter, other
mini topics overlaid were introduction to system engineering and a follow up of its utilization
and implementation (Beringer, Jonas & Georg Gemunden, 2012). During this week of study, I
did manage to grasp lots of information on the engineering body in addition to rudimentary
definition in connection to the topic (all things pertaining systems and portfolios).
a. LO1
Summary
The steps undertaken or the manner through which anything is performed is referred to a
system this involves all the relevant steps required for the system to perform. Collection of
entities work together in order to achieve a given set of goals, at the same time, system thinking
implies making clear the standards and links in the pertinent or sub parts of the system. When to
it comes to a project, this refers to a chain link of almost similar blueprints of ideas that are
carried out within a specified timeline that has got its own extend of limitations and prices,
whilst a set of instructions that are meant to carry out/ execute specific tasks in a computer refers
to a program. On the other hand, loose sheet of paper that is humongous and cased which can be
used to carry maps and drawings is known as a portfolio.
Eilam (2012) asserts that the recognition and proper administration of commination that
may come up as a result of overreliance and relationships may be dealt with due to the
advantageous nature of system thinking, program and portfolio administration when carrying out
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CONSOLIDATED PORTFOLIO 3
a project. Furthermore, it creates more platform and gleaming opportunities for invention and
innovation which arises skepticism and thus propels quick adjustments and adaptations. In
addition to these, it has brought communication to another level where businesses can flourish
due to proper and enticing product design.
Evidence
Given the fact that system thinking refers to standards and principles in the connection
the whole system components, it is important to note that portfolio management and utilization
of programs when carrying out projects has got no disadvantage due to the conditional transition
of data creation. This implies that for the system to fully function, it needs to be directive and
project oriented (Eilam, 2015)
b. LO2
Summary .
During the second week of learning, the main subject matter of discussion was to
recognize the various tools of system thinking. That can be utilized by project managers to help
them manage and be able to monitor the performance of their projects/ ability to solve arising
problems within the project and also how this tools can also inhibit task performance in the
project. From my own research and acquisition of information/knowledge in concern to system
engineering, have realized that the most commonly used system tools include conceptual model,
graphical analysis, matrix, input-output, functional failure , morphological box among others.
Due to the underlying abilities that system thinking has, it contains mechanisms and tools
mentioned earlier that can be used by project administrators to understand and how the project
flows and the techniques to be utilized during the execution of this projects. Furthermore, these
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CONSOLIDATED PORTFOLIO 4
tools aid so much in the know-how of computer facsimile models that are basically used in
experimenting to know the level of difficulty of the undergoing project. More so, it is used by
project managers to communicate with each other with the aim of solving high level problems
that may bring the project to a halt (Eilam, 2012)
Evidence
Despite the fact that these system tools are advantageous and do help project managers to
a greater extent, they still possess some element of disadvantages that can be problematic to
project managers who tend to use them more regularly. Given the fact that these system tools are
inherently dynamic to changes that occur due to innovation and invention in the technological
world, they tend to bring about adversity to administrators as they are regularly changing. This
becomes a problem since it is not an easy task to adjust more often to the changes that are
happening fast. This may furthermore lead to communication breakdown when the project is
running thus becoming cumbersome to monitor the performance and keep truck of the ongoing
projects. In this case, project managers need to prepare a blueprint of a project based workflow
that entails all the possibilities and how to curb the m before starting their projects. This is
important since it helps to curb any eventuality before it occurs thus leading to proper handling
of emerging complications (Ahmed, 2018).
c. LO3
summary
During the third week of study in this course of system engineering, attention was drawn
to the main topic being evaluating the importance of system engineering to matters pertaining
projects. In this case I took great time to learn and understand how system engineering can be of
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CONSOLIDATED PORTFOLIO 5
great importance to any given company especially when it wishes to carry out projects that are
based on programs. Likewise, it was also necessary to relate the relevance of system engineering
to the management of portfolio and how it can be linked with other technologies to bring about
proper workflow in project management.
With this in mind, it became my obligation and key interest to comprehend the way
system engineering function and how it can be utilized in an organization with the stocks of
competence to ensure smooth flow of work and project. It is quite important to know that system
engineering is basically meant to make sure that at all cost the client rather the customer’s needs
are met. This therefore means that when dealing with system engineering, it is necessary to
ensure that all client platforms are successfully modified to bring about easy usage (Eilam,
2015). This may include the following areas of concerns; regular affirmation and design, quality
products to customers. This majorly consists of enhancing the platform to be more reliable to the
consumer.
Furthermore, from what I have learnt concerning the nature of system engineering, unlike
the olden days where major decisions were done manually without analysis of current, past and
coming issues, system can help in making better and more informed decision since it can be
used to keep track of past reports and current. With this information at hand in the organization,
it can be compared thus giving a clear picture of the direction the project should take for it to go
smoothly (Ahmed, 2018).
Evidence
Another advantage that system engineering contains is the ability to facilitate learning.
There is no more need for the directors and managers of a project to struggle learning
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CONSOLIDATED PORTFOLIO 6
manufacturing away from their projects. The systems provides an opportunity to all members of
the organization to learn as it contains platform that enables them to learn new knowledge and
put it into practice immediately.
The absence of system engineering especially in project management can be chaotic seen
project managers may end up mismanaging their projects. In this case, system engineering is
rudimentary/basic to the administration of any given project and portfolio. It can be used by the
administrators of the project to increase their level of competence in administration of projects at
hand. To sum up, system engineering entails proper management and application of project
based work for enhanced management of technicalities.
e. LO4
summary
Week four majorly focuses on the procedures and apprehension within system engineering. It
also concerns itself with how (SE) can be used to help administrators of projects to manage and
arrange their schemes appropriately. This in turn made me to develop interest in learning more
about the application of systems approach and how it can be utilized by administrators of
projects to recognize a niche/opportunities or adversities that may come along. This in turn will
facilitate the organization using this kind of technology to arrive at better and more informed
choices that may take the organization to greater level.
Evidence
When it comes to system engineering, the main points and major concepts of concern
involve what should and must be done by the system, (Wasson, 2015) this may entail the design
and assessment of the appropriateness of the system. In connection to this, other sets of standards
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CONSOLIDATED PORTFOLIO 7
that should be considered when looking for the best system to use are the ambience of the
system, the worth of the system together with the integrative or multidisciplinary based on the
philosophical system design. When it comes to methodologies rather procedures, they involve
fields such as software programing, assurance of the quality processes in addition to system
engineering that are mostly interspersed into measurable and predetermined lifestyle.
Project managers are at a greater age of benefitting since systems approach allows them
to characterize and come up with profits due to its ability to sense what might occur thus giving
it opportunity to stretch the profits and aim at the major goal of developing the overall
population. More so, it opens opportunities for those in charge of the projects to be able to keep
track of profit and loss thus ensuring that they can maximize on the benefit reviewed(Wasson,
2015).
Project managers furthermore find it much easier to manage their project by using
systems approach to curb the adversities facing them. This is capable since systems approach has
the ability of recognizing and characterizing problems through the use of system thinking, thus,
building and assessing various solutions thus coming up with a viable solution mix. Given the
fact that choices and preference should be considered before selecting a system to be used by the
project manager, it is important come up with a system approach that can clearly meet the
project’s specification to minimize the extent of problems found and improve the success during
execution of the project.
f. LO5
summary
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CONSOLIDATED PORTFOLIO 8
In the case of week five, the main subject matter of study involves the analysis and
synthesis of the advantages of setting aside appropriate project administration and utilization of
systems with the aim to achieve the scheme (Willcocks, 2013).with this in mind, it became my
biggest concern to get the knowledge understanding of the advantages through which proper
selection of projects to be undertaken and how they can be useful to project administrators in
curbing critical adversities and impromptu decisions. After a wide load of research and doing of
assignments, it helped me understand the basis of selecting (PMIs) that helps to promote those in
the business of selling software.
Many are the factors that affect the selection of good project systems. These factors
depend mostly on the utilization of the system in line with proper know how of the masterplan
and effective problem solving technics. Making it easier to see the raw information, fast and easy
updates, compatibility, and the ability to sustain the whole project till its conclusion/ ability to
integrate the system with other system that are used to manage projects.
Evidence
Project managers should also consider the opinions that are given out by the vendors of
the software rather the engineers who develop them for the clients use. They should also consider
whether the system can access sufficient network across the globe. In turn, they can be able to
minimize the amount of setbacks arising from the usage of the system Kerzner (2013). A
problem that may also hinder the achievement of the stated objectives in the system is the
presence of certain initiatives that have totally no connection with the intended project. This case
may arise due to the lack of specification by the project manage to the vendor or the engineer of
the work. Such kind of problem may also cause the deviation of the project thus leading to
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CONSOLIDATED PORTFOLIO 9
absolutely different results. It may also cause poor management and monitoring of the projects
performance.
g. LO6
Summary
The major topic dealt with during the sixth week is to describe a certain project, program
and portfolio administration (PPPM) use of program software that can lead to more knowledge
acquisition and proper decision making. After a number of researches and accomplishing of
various assignments on system engineering, I did synthesize and tried to analyze the factors that
hinder the achievement of goals that are set forth to be realized by a set of instructions meant to
perform a certain task and achieve its stated goals.
For better achievement of stated goals for a given project, it is necessary for the PPPM to
appropriately make the right decisions that are timely. Through the use of algorithms that enables
for selective delivery that are timely and based on finance. This means that every system
approach should aim at ensuring that the mother organization rather the firm utilizing the
technology is at a competitive edge against other organization competing with it in the market
arena. This means that the system should ensure that the organization is aimed at achieving its
sets of objectives.
In line with the difficulties that face the PPPM, the following are part of the major
hindrances and setbacks that can deter the realization of intended outcome. To begin with, the
presence of to many similar initiatives that work together to achieve the same objectives. This
may be a hindrance since the programs might end up overwriting each other thus coursing the
project to come into a standstill or halt. This may further deviate the direction of the project
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CONSOLIDATED PORTFOLIO 10
since it can turn into unwanted component that may change the set of instruction into virus or
rather reduce the performance speed of the system.
Evidence
Sometimes it may become very hectic to achieve certain objectives due the absence of
projects that should facilitate their achievement. These strategic objectives that lack projects can
be stressful especially when the manager is not in a position to come up with an effective project
base layout. When dealing with a certain type of initiative, it is very important to stop fantasizing
and consider all the factors that can emerge in the course of carrying out the project and. This
involves substantiating all factors and avoiding excessive optimism of advantages and estimation
of costs.
In this case, there ought to be a considerable set of recommended ways that should be
utilized by any given project to achieve their stated objectives. These steps may involve coming
up with admissible goals for a specific organization at hand. Moreover, the initiatives should
closely linked with the project plan and should fulfill the goals stated in the organization of the
project. This means that the initiatives should have absolute connection the business plan.
The system should also give room for the specification of the project. This means that the
system should not contain so many related initiatives that may end up overlapping each other.
The very essence of using this initiatives should be to ensure that the project can be tracked and
does not deviate from the objective it was meant to achieve.
LO7
summary
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CONSOLIDATED PORTFOLIO 11
In week seven, the subject of discussion emphasizes the evaluation of the advantages and
disadvantages of the various electronic and manual project program portfolio management
(PPPM) application systems. The studies also highlight the utilization of PPPM applications
systems throughout the project. Through the reading I am in a position to recognize and
understand how projects take place in regards to the project management, the life cycle, work
structures or coordination, program, portfolios and sponsoring organizations. Furthermore, I also
learned and understood the merits and demerits of electronic and manual PPPM application
systems and the interfaces which are significant to various organizations in regards to portfolios.
A project life cycle is majorly in five phases which entails the project initiation, planning,
execution, management/ control, and closure. Project initiation is the first stage of the project
where the project’s feasibility and value are carried out (Rahman, Muhammad Nouman
Shafique, & Rashid, 2018). The project managers puts two evaluation tools at this stage which
determines whether the project will be pursued or not. One of the tools is a feasibility study
which entails assessing the project’s goals, coast, and timelines and also decides if the execution
should occur. It checks and balances the project requirements with the existing resources to
check if pursuing it is of the essence. Business case document is a tool that estimates the
potential economic benefits of the project and justifies its need.
Project planning is done after the project gets the green light. It requires a plan that keeps
the team on budget, time and guides them. The plan should lead on how to obtain finances,
obtain resources and procure project materials. The plan also provides the project team with
leads to giving quality outputs, communicating to stakeholders, managing suppliers and
managing risks. The plan ensures the project team is prepared for obstacles during the project life
cycle.
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CONSOLIDATED PORTFOLIO 12
Project execution is a stage that is mainly dependent on project management. It heavily
relies on the project planning and guarantees customer satisfaction. At this phase, the plan is put
into motion and its core work implemented. The project managers ensure project execution by
allocating resources and assigning tasks.
Monitoring and control occur at the same time with execution, therefore, mainly
combined with implementation. Monitoring of the project progress is done as the team
implement the project plan. Project closure is the last phase and is done when the project teams
deliver to the customer a finished project and communicate to the stakeholders the completion
and handing documentation to the customer. Lessons learned are also conducted.
When the project is between the project-based organizations (PBO) and the operator, its
life cycle can change (Hurbean, 2013). This is because PBOs are capable of responding hastily to
clients changing needs and adapt to developing trends in production. PBOs are also in a position
to handle risks associated with the project.
The significance of the project life cycle is highlighted in portfolios, work systems, and
scheme management. The project life cycle is guaranteed in the initial phase, defining the project
goals and ensuring that there is a plan before implementing the project.
There are two types of PPPM application systems which include manual and electric. The
manuals ones have merits like, reducing risks in private projects, providing value to
stakeholders, ensure proper use of human resource and assist in making good decisions. Manual
systems have demerits like time-consuming due to low speeds in capturing records. Electronic
PPPMs are advantageous due to high speeds of capturing data; there are accuracy and reliability
of data, aids sharing of data and has a better recalling ability. Electronic PPPMs are
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