Varun Thatikonda - PPMP20012 Week 10 Portfolio: PM Application Systems

This report, a student submission available on Desklib, provides an analysis of contemporary developments in project management (PM) application systems. It explores the differences between the Project Management Body of Knowledge (PMBOK) and Systems Engineering Body of Knowledge, emphasizing the importance of selecting appropriate life cycle processes based on project nature and the significance of technical processes. The report also discusses the application of information systems (IS) in project management, highlighting the shift from manual to electronic data management and its impact on efficiency. Key topics covered include the role of PM application systems in monitoring project performance, managing changes, and supporting successful project execution, especially in infrastructure and resource industries. The report references key readings and explores systems thinking, systems engineering, and their relevance to project organization and problem-solving, offering insights into how these concepts can aid project managers in various project scenarios.

VARUN THATIKONDA / 12068175 - PPMP20012 Unit Portfolio for Week 10
Week 10 Topic: Discuss contemporary developments in the use of PM application systems
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
Kerzner, H., & Kerzner,
H. R. (2017). Project
management: a
systems approach to
planning, scheduling,
and controlling. John
Wiley & Sons. (chapter
7 and chapter 8)
Discuss contemporary
developments in the
use of PM application
systems
The week 10 topic discusses the contemporary development approaches
in the Project management I different Application systems. I have
successfully identified the differences between project management
body of knowledge and system engineering body of knowledge. Based
on the nature of project the most suitable life cycle process needs to be
chosen by the project manager while conducting the project. In order to
take effective decisions system life cycle processes are very essential. On
the other hand, there are some technical processes needs to be followed
by the project managers while conducting any project successfully. I
have also learned about the two different types of application system
such as manual and electronic.
In order to build project, program, portfolio management activities for
building maturity performance of the project associates and project
team members are much essential. I have learned that while managing
portfolio the knowledge areas that are considered include portfolio
strategic management, portfolio performance management, portfolio
communication management, risk management etc. I have learned that
it is the role of the project sponsors to invest needful capital to design
and evaluate any project.
I have come to know about the application of Information system (IS). In
most cases it is determined that numbers of information and employees
both increase rapidly. However, managing those data has become a
major challenge from the project management perspectives. The data
PPMP 20012Program &
Portfolio Information
Systems Lecture 10
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VARUN THATIKONDA / 12068175 - PPMP20012 Unit Portfolio for Week 10
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
can be either managed manually or automatically. Though, automatic
data management approach reduces the issues of time and cost
consumptions. As a whole I have learned that, use of IS can improve the
work efficiency.
References
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Tani, M., Papaluca, O., & Sasso, P. (2018). The system thinking perspective in the open-innovation research: A systematic review. Journal of Open
Innovation: Technology, Market, and Complexity, 4(3), 38.
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