University Project Management Portfolio: PPMP20013, Week 3

This project is a unit portfolio from a student studying Project and Program Management (PPMP20013), focusing on the financing of projects in week 3. The assignment requires reflection on readings from N.J. Smith (Chapter 6) and Edwards, Hermanson, and Ivancevich (Accounting Principles Vol 2, Chapters 18 and 26), exploring key concepts such as capital budgeting, project finance vehicles, and management accounting principles within asset-rich organizations. The portfolio addresses project, program, and portfolio management practices, emphasizing scheduling, planning, and the application of tools and techniques for project justification, development, and maintenance. The student analyzes the relevance of these tools, processes, and management strategies, including safety, quality, and decision-making regarding project continuation or closure. The assignment highlights the importance of understanding project processes and the application of sound policy, information, and research in project management.

(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 3
Week 3: Explore and explain the financing of projects.
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
 Smith Chapters 6;
 Chapter 26 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) Accounting
Principles Vol 2:
Managerial
Accounting;
Optional Readings
 Chapter 18 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) compares
managerial
accounting with
financial
accounting;
Case Study
 Brisbane Airport
New Parallel
Runway Funding
Facts;
1. Review using clear
terminology the
key areas and
processes of
project, program
and portfolio
management
practices as applies
to asset rich
organisations.
The objective of this week’s topic is to explore and explain the financing of
projects;
 N.J. Smith Chapter6 discusses Project Finance. However although Smith’s
discussion is good, it is relatively high level and focusses on the different
types of vehicles that might be established and how they are funded. In this
respect the discussion in Smith assumes that there is a separate entity that
is established for the project. This is a good idea when the risks are large
and warrant the trouble of doing this. But for many owners of large assets
they do not want to go this far and will manage the project in-house albeit
use contractors to do the work.
 Edwards J. D., Hermanson R. H., Ivancevich S. D., provide a free book on
accounting and have a good discussion on Capital Budgeting and Long-range
Planning. In fact the whole of Volume 2 is relevant for the justification of
projects using the principles of management accounting. In many owners
of large assets project environments the project managers (or often project
directors) will spend a lot of time applying the principles that Edwards,
Hermanson, and Ivancevich espouse. This was certainly the case in my
career as a project director!
If you’re new to accounting and financing many of these ideas may be quite
complicated to understand. However, try to gain an overall appreciation that
there are tools and techniques that are frequently used, such as rates of return,
NPV, profitability, time and so on (see Chapter 26 from Edwards, Hermanson,
and Ivancevich for more detail).
In this portfolio please reflect on the readings (1st column) and the learning
outcome (2nd column). Ask yourself in what way does the readings provide
insights into the learning outcome? Maybe they don’t! What are your
PPMP20013 Unit Profile
PPMP20013 Moodle
Web site
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
1 of 7

(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 3
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
thoughts?
The key areas of project, program and portfolio management involve the
scheduling of the project and the planning. This is the most important part of
the project management as the proper planning and the proper scheduling will
help in the completion of the project in an effective and efficient manner. The
scheduling defines the times on which the project has to be done and the
structure can be done efficiently.
Are there other insights that you can make from other units that you have
studied? Or your work and life experience?
Mandatory Readings
 Smith Chapters 6;
 Chapter 26 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) Accounting
Principles Vol 2:
Managerial
Accounting;
Optional Readings
 Chapter 18 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) compares
managerial
accounting with
financial
accounting;
2. Discuss the
relevance of tools
and techniques for
investigating and
describing project
process related to
developing new
workings, facilities,
equipment, plant
and processes for
justifying,
designing,
developing, or
maintaining
existing facilities
and equipment
within the context
of their
technological and
asset lifecycle
status.
The objective of this week’s topic is to explore and explain the financing of
projects;
 N.J. Smith Chapter 6 discusses Project Finance. However although Smith’s
discussion is good, it is relatively high level and focusses on the different
types of vehicles that might be established and how they are funded. In this
respect the discussion in Smith assumes that there is a separate entity that
is established for the project. This is a good idea when the risks are large
and warrant the trouble of doing this. But for many owners of large assets
they do not want to go this far and will manage the project in-house albeit
use contractors to do the work.
 Edwards J. D., Hermanson R. H., Ivancevich S. D., provide a free book on
accounting and have a good discussion on Capital Budgeting and Long-range
Planning. In fact the whole of Volume 2 is relevant for the justification of
projects using the principles of management accounting. In many owners
of large assets project environments the project managers (or often project
directors) will spend a lot of time applying the principles that Edwards,
Hermanson, and Ivancevich espouse. This was certainly the case in my
career as a project director!
PPMP20013 Unit Profile
PPMP20013 Moodle
Web site
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
2 of 7

(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 3
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
Case Study
 Brisbane Airport
New Parallel
Runway Funding
Facts;
If you’re new to accounting and financing many of these ideas may be quite
complicated to understand. However, try to gain an overall appreciation that
there are tools and techniques that are frequently used, such as rates of return,
NPV, profitability, time and so on (see Chapter 26 from Edwards, Hermanson,
and Ivancevich for more detail).
In this portfolio please reflect on the readings (1st column) and the learning
outcome (2nd column). Ask yourself in what way does the readings provide
insights into the learning outcome? Maybe they don’t! What are your
thoughts?
The relevance can be stated as the most important part of the project
management is the describing of the project. This will help in the completion of
the project on time and defining new ideas for the project. The facilities may be
used for the successful achieving of the goal of the project.
Are there other insights that you can make from other units that you have
studied? Or your work and life experience?
Mandatory Readings
 Smith Chapters 6;
 Chapter 26 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) Accounting
Principles Vol 2:
Managerial
Accounting;
Optional Readings
 Chapter 18 from
Edwards J. D.,
3. Present and
interpret major
processes that are
based on sound
policy, information,
and research that
enable project
justification,
tenders, contracts,
and selection
criteria to occur in
an asset rich
organisation.
The objective of this week’s topic is to explore and explain the financing of
projects;
 N.J. Smith Chapter 6 discusses Project Finance. However although Smith’s
discussion is good, it is relatively high level and focusses on the different
types of vehicles that might be established and how they are funded. In this
respect the discussion in Smith assumes that there is a separate entity that
is established for the project. This is a good idea when the risks are large
and warrant the trouble of doing this. But for many owners of large assets
they do not want to go this far and will manage the project in-house albeit
use contractors to do the work.
 Edwards J. D., Hermanson R. H., Ivancevich S. D., provide a free book on
accounting and have a good discussion on Capital Budgeting and Long-range
PPMP20013 Unit Profile
PPMP20013 Moodle
Web site
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
3 of 7

(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 3
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
Hermanson R. H.,
Ivancevich S D.
(2010) compares
managerial
accounting with
financial
accounting;
Case Study
 Brisbane Airport
New Parallel
Runway Funding
Facts;
Planning. In fact the whole of Volume 2 is relevant for the justification of
projects using the principles of management accounting. In many owners
of large assets project environments the project managers (or often project
directors) will spend a lot of time applying the principles that Edwards,
Hermanson, and Ivancevich espouse. This was certainly the case in my
career as a project director!
If you’re new to accounting and financing many of these ideas may be quite
complicated to understand. However, try to gain an overall appreciation that
there are tools and techniques that are frequently used, such as rates of return,
NPV, profitability, time and so on (see Chapter 26 from Edwards, Hermanson,
and Ivancevich for more detail).
In this portfolio please reflect on the readings (1st column) and the learning
outcome (2nd column). Ask yourself in what way does the readings provide
insights into the learning outcome? Maybe they don’t! What are your
thoughts?
This requirement needs the proper understanding of the project. This will help
in the proper understanding of the project. The research on a particular topic
helps in the proper management of the project. The researching about the task
will help in the understanding of the task.
Are there other insights that you can make from other units that you have
studied? Or your work and life experience?
Mandatory Readings
 Smith Chapters 6;
 Chapter 26 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) Accounting
4. Critically analyse
management
strategies and
operational
activities from a
broad perspective
to ensure safety
The objective of this week’s topic is to explore and explain the financing of
projects;
 N.J. Smith Chapter 6 discusses Project Finance. However although Smith’s
discussion is good, it is relatively high level and focusses on the different
types of vehicles that might be established and how they are funded. In this
respect the discussion in Smith assumes that there is a separate entity that
PPMP20013 Unit Profile
PPMP20013 Moodle
Web site
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
4 of 7

(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 3
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
Principles Vol 2:
Managerial
Accounting;
Optional Readings
 Chapter 18 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) compares
managerial
accounting with
financial
accounting;
Case Study
 Brisbane Airport
New Parallel
Runway Funding
Facts;
and quality, to
avoid overruns or
rework, to manage
variations and
claims, and to make
decisions to
discontinue or
close projects.
is established for the project. This is a good idea when the risks are large
and warrant the trouble of doing this. But for many owners of large assets
they do not want to go this far and will manage the project in-house albeit
use contractors to do the work.
 Edwards J. D., Hermanson R. H., Ivancevich S. D., provide a free book on
accounting and have a good discussion on Capital Budgeting and Long-range
Planning. In fact the whole of Volume 2 is relevant for the justification of
projects using the principles of management accounting. In many owners
of large assets project environments the project managers (or often project
directors) will spend a lot of time applying the principles that Edwards,
Hermanson, and Ivancevich espouse. This was certainly the case in my
career as a project director!
If you’re new to accounting and financing many of these ideas may be quite
complicated to understand. However, try to gain an overall appreciation that
there are tools and techniques that are frequently used, such as rates of return,
NPV, profitability, time and so on (see Chapter 26 from Edwards, Hermanson,
and Ivancevich for more detail).
In this portfolio please reflect on the readings (1st column) and the learning
outcome (2nd column). Ask yourself in what way does the readings provide
insights into the learning outcome? Maybe they don’t! What are your
thoughts?
The management strategies may involve the speaking to the employees to know
about the working condition and the employee satisfaction. This will help in
increasing the productivity of the employees and the work can be done in a
more efficient manner.
Are there other insights that you can make from other units that you have
5 of 7

(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 3
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
studied? Or your work and life experience?
Mandatory Readings
 Smith Chapters 6;
 Chapter 26 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) Accounting
Principles Vol 2:
Managerial
Accounting;
Optional Readings
 Chapter 18 from
Edwards J. D.,
Hermanson R. H.,
Ivancevich S D.
(2010) compares
managerial
accounting with
financial
accounting;
Case Study
 Brisbane Airport
New Parallel
Runway Funding
Facts;
5. Demonstrate an
effective,
professional level
of teamwork and
communication and
support
collaborative peer
group learning.
The objective of this week’s topic is to explore and explain the financing of
projects;
 N.J. Smith Chapter 6 discusses Project Finance. However although Smith’s
discussion is good, it is relatively high level and focusses on the different
types of vehicles that might be established and how they are funded. In this
respect the discussion in Smith assumes that there is a separate entity that
is established for the project. This is a good idea when the risks are large
and warrant the trouble of doing this. But for many owners of large assets
they do not want to go this far and will manage the project in-house albeit
use contractors to do the work.
 Edwards J. D., Hermanson R. H., Ivancevich S. D., provide a free book on
accounting and have a good discussion on Capital Budgeting and Long-range
Planning. In fact the whole of Volume 2 is relevant for the justification of
projects using the principles of management accounting. In many owners
of large assets project environments the project managers (or often project
directors) will spend a lot of time applying the principles that Edwards,
Hermanson, and Ivancevich espouse. This was certainly the case in my
career as a project director!
If you’re new to accounting and financing many of these ideas may be quite
complicated to understand. However, try to gain an overall appreciation that
there are tools and techniques that are frequently used, such as rates of return,
NPV, profitability, time and so on (see Chapter 26 from Edwards, Hermanson,
and Ivancevich for more detail).
In this portfolio please reflect on the readings (1st column) and the learning
outcome (2nd column). Ask yourself in what way does the readings provide
PPMP20013Unit Profile
PPMP20013 Moodle
Web site
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
6 of 7

(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 3
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
insights into the learning outcome? Maybe they don’t! What are your
thoughts?
A large software development requires the team work of the various members
of the organization. The best employees from all the organization are brought
together for the increasing of the productivity and completion of the project
efficiently.
Are there other insights that you can make from other units that you have
studied? Or your work and life experience?
References
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