PPMP20013 Unit Portfolio: Systems Thinking & Project Management Link

This PPMP20013 unit portfolio delves into the relevance of systems thinking within project management, drawing from weekly studies, experiences, and assigned readings. It covers key areas such as safety, project processes, tender processes, and management strategies. The portfolio analyzes tools and techniques for project investigation, describes project processes related to developing new facilities, and interprets major processes based on sound policy and information. It also critically examines management strategies and operational activities to ensure safety and quality, avoid overruns, manage variations, and make informed decisions on project continuation or closure. The student reflects on learning outcomes and provides supporting documentation to demonstrate understanding and application of project management principles in asset-rich organizations. This document is available on Desklib, a platform offering a wealth of study resources for students.

(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 1
Week 1 Topic: Explain the relevance of systems thinking to PM.
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 1
& 2;
 Australia National
Audit Office -
Planning and
Approving
Projects
 AS 4120-1994
Code of tendering;
Optional Readings
 Locate your
company internal
Project
Development
Manuals (if it
exists and
available);
 You can also study
the Californian
Government
Department of
Transportation
Project
Development
Procedures;
 Download and
study the
1. Review using clear
terminology the
key areas and
processes of
project, program
and portfolio
management
practices as applies
to asset rich
organisations.
Safety has been the major issue for the functioning of the rich organizations that
are issued with the processing of the humanity concern f the management
system that deals with the perspective that ensures the prosecution of the safe
functioning of the organization. The processions of the economic field of the
safety requirement of the security exist. This concerns the fact that the security
exists are the major concern for the performance of the security exist for the
clear terminology to proceed with the functioning of the data of the
organization. The higher authorities of the organization are the concerned with
the fact that the health issues of the employees who are working under the
governing committee f the organization. Despite the fact that the consideration
of the health aspect of the employee of the organization was not the major
concern n the corporate sector as this process was not directly related to the
destined outcome of the factory. This ensures the fact that the working
conditions of the organizations were not up to the mark hence the improvement
has been an obvious welcome from the employee perspective. After the
compilation of the laws related to the health issue of the employees the working
time of the employees under certain circumstances were limited which leads to
the fact that the efficiency of each employee reduces to certain level. For
limiting the major problems that are created due to the processing of the safety
measures the decrease in efficiency was not well accepted by the organization.
This deals with the fact that the discoveries of new appliances were the call of
the day that provide safety to the employees of the organization and also allow
them to get proper efficiency during the course of the job.
(Picard, 2014)
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(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 1
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
Engineers
Australia
Infrastructure
Report Card for
your State;
Case Study
 Brisbane Airport's
New Parallel
Runway;
 YouTube:
Brisbane's New
Parallel Runway –
Overview;
 Brisbane Airport
2014 Approved
Master Plan.
Mandatory Readings
 Smith Chapters 1
& 2;
 Australia National
Audit Office -
Planning and
Approving
Projects
 AS 4120-1994
Code of tendering;
Optional Readings
 Locate your
company internal
Project
Development
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
The tools that are required for the processing of the project includes the fact
that the performing of project management facilitates the performance of the
entire project t as it supports the functioning of the entire project. This ensures
the fact that the decision making of the project needs to accelerate in a proper
direction, which leads to the efficient functioning of the project. The working
environment of the organization must be ever evolving in nature as the
term9inology of the corporate society itself deals with the methodology of
dealing with the upcoming changes that will prove to be beneficial in nature for
the progress of the organization in a positive way. The improved and the
advanced equipments acts as the major catalyst for the progression of the
organization. This ensures the fact that the organization is at a constant growth
and the efficiency of the production rate increases with the increase in the
deployment of the technology in the field of machinery that helps in increasing
the production rte of the organization. The maintenance of the facilities that are
already present facts is the most efficient way of growing as an organization as
(Kevin, 2015)
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(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 1
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
Manuals (if it
exists and
available);
 You can also study
the Californian
Government
Department of
Transportation
Project
Development
Procedures;
 Download and
study the
Engineers
Australia
Infrastructure
Report Card for
your State;
Case Study
 Brisbane Airport's
New Parallel
Runway;
 YouTube:
Brisbane's New
Parallel Runway –
Overview;
 Brisbane Airport
2014 Approved
Master Plan.
and equipment
within the context
of their
technological and
asset lifecycle
status.
the maintenance cost that is incurred in the maintenance of the existing
facilities is lower than the method of incurring new facilities in the organization.
The up gradation of the facilities are sure to increase the efficiency of the
organization and the employees of the organization gets the job satisfaction of
using the latest technically supported facilities. The lifecycle of an organization
is ought to be having a proper curve as this fact ensures that every organization
will reach its peak after initiating and then fall apart after reaching the peak. The
efficiency of the maintenance of the facilities and the machineries are the major
reason for the difference in the peak time of different organization.
Mandatory Readings
 Smith Chapters 1
& 2;
3. Present and
interpret major
processes that are
The process that interprets the procession of the tender processing issue deals
with the fact that the procession of the data that is pondered with the
processing of the data. This incurs the fact that the members who can prosecute
(Chandra, 2017)
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(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 1
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
 Australia National
Audit Office -
Planning and
Approving
Projects
 AS 4120-1994
Code of tendering;
Optional Readings
 Locate your
company internal
Project
Development
Manuals (if it
exists and
available);
 You can also study
the Californian
Government
Department of
Transportation
Project
Development
Procedures;
 Download and
study the
Engineers
Australia
Infrastructure
Report Card for
your State;
Case Study
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 the bidding process the tender processing I one of the most
important process for the completion of the project that requires the tender
allowance and billing of the tender. The person who is to take the business
objective must attain the bidding tenure and the processing is continued in
order to process the terminology of the data that is done with the help of the
bidding process. The tender is nothing but the process of bidding the premium
cost that the bidder can give or take for the processing of the task. Tender and
contracts provide justification as the process includes bidding of several bidders
for the same task. This ensures the fact that the probable efficiency of the task
can be tested in a global basis. This terms the fact that the best possibility of the
projection of the task is given the offer of performing the bidding. This ensures
that the bidder with utmost efficiency is given the opportunity to complete the
task. The selection criterion for selecting the bid depends on the fact that the
bidder must provide the dealer the most efficiency dealing. The background of
the processing of bidder is also taken into consideration as the previous works
of the bidder shows the way the bidder functions and the sample of the bidder’s
work is a main criterion. After confirming the quality of the work the bidder
provides, it dealer checks the efficiency of the bid with respect to the cost that
might be incurred during the processing of the project as per the bidder is
concerned.
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(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 1
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
 Brisbane Airport's
New Parallel
Runway;
 YouTube:
Brisbane's New
Parallel Runway –
Overview;
 Brisbane Airport
2014 Approved
Master Plan.
Mandatory Readings
 Smith Chapters 1
& 2;
 Australia National
Audit Office -
Planning and
Approving
Projects
 AS 4120-1994
Code of tendering;
Optional Readings
 Locate your
company internal
Project
Development
Manuals (if it
exists and
available);
 You can also study
the Californian
Government
Department of
4. Critically analyse
management
strategies and
operational
activities from a
broad perspective
to ensure safety
and quality, to
avoid overruns or
rework, to manage
variations and
claims, and to make
decisions to
discontinue or
close projects.
The major concern for the processing of the entire project is that management
strategies are the main aspect of the processing of the transaction of the
operational activity. Despite the fact that there are many reasons to worry
regarding the safety of the processing of the project but it was one of the least
concerned topic for the project manager. This will ensure the fact that the
productivity of the organization do not decrease and lose its efficiency. Major
steps like the fall out strategy that deals with the safety maintenance of the
process is used in the processing of health management issues. This fact
includes the terminologies including the methods of the fall technology for
securing the health issues of the employees that are working in the
organization. The quality of the production is also one of the major concerns as
the projection of the task includes the fact that the good will of the organization
is maintained which leads to the fact that the manufacturing efficiency is
maintained with the proper updating of the facilities and the machineries that
are present in the organization. This fact ensures that the terminology of the
processing of the existing materials and the facility enable the fact that the
procession id performed with very high efficiency as well as proficiency.
Another major concern for the processing of the efficient production is that the
lessening of reworks that affect the production of the organization in the highest
level. This fact deals that maintaining the quality of the output of the
organization insists the fact that the time required for performing the
methodology of the entire process of the production deals with the fact that the
(Brook & Pagnanelli,
2014)
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(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 1
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
Transportation
Project
Development
Procedures;
 Download and
study the
Engineers
Australia
Infrastructure
Report Card for
your State;
Case Study
 Brisbane Airport's
New Parallel
Runway;
 YouTube:
Brisbane's New
Parallel Runway –
Overview;
 Brisbane Airport
2014 Approved
Master Plan.
less the reworks done faster will be prosecution of the project.. this ensures that
the execution if the project and the efficiency of the project is completely
dependent on the least the reworks come. This process helps in understanding
the fact that whether the progress of the project is in the positive node or the
progress of the work is in the negative. Calculating the nodes the continuing or
discontinuing the project will be decided.
Mandatory Readings
 Smith Chapters 1
& 2;
 Australia National
Audit Office -
Planning and
Approving
Projects
 AS 4120-1994
Code of tendering;
5. Demonstrate an
effective,
professional level
of teamwork and
communication and
support
collaborative peer
group learning.
Teamwork has been acting as the processing of the association of the team
members that collaborate together to complete a piece of work for the benefit
of the organization the team members are working. This process includes the
fact that the processing of the work is performed with higher efficiency as the
working methodology takes into account that the processing of the entire group
is very fast and generally faster than the tasks that are performed with the
processing of a single employee. This deals with the fact that the ideas that are
generally modulated by the processing of the group members. This ensures the
fact that the efficiency of the projection is much more higher in case of the (Aouni, Colapinto & La
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(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 1
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
Optional Readings
 Locate your
company internal
Project
Development
Manuals (if it
exists and
available);
 You can also study
the Californian
Government
Department of
Transportation
Project
Development
Procedures;
 Download and
study the
Engineers
Australia
Infrastructure
Report Card for
your State;
Case Study
 Brisbane Airport's
New Parallel
Runway;
 YouTube:
Brisbane's New
Parallel Runway –
Overview;
group working. The major problem in the processing of the group learning and
the team work is that the employees might not get attached with the project as
the contribution of the employees are diversified and the processing of the
project interns the fact that the attachment of the employees with the project.
The communication of the members who are present in the group varies the
processing of the intra group relation. This leads to the fact that the processing
is the major reason behind the success of the group learning t be the
communication between the group members of the entire project. Hence the
procession of the transparency is maintained among the group members of the
project. This leads to the fact that the efficiency of the group output increases.
Collaborative learning deals with the fact it is one f the most efficient method of
group learning which leads to the fact that the efficiency is increased due to the
projection of the process as the employees gets diversified into groups and the
entire work is divided among the groups and the processing of the entire work is
done at a time leading to the decrease in the time processing and increase in
the efficiency.
Torre, 2014)
7 of 9

(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 1
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
 Brisbane Airport
2014 Approved
Master Plan.
References
Aouni, B., Colapinto, C., & La Torre, D. (2014). Financial portfolio management through the goal programming model: Current state-of-the-art. European
Journal of Operational Research, 234(2), 536-545.
Archibald, R. D., & Archibald, S. (2016). Leading and Managing Innovation: What Every Executive Team Must Know about Project, Program, and Portfolio
Management. Auerbach Publications.
Brook, J. W., & Pagnanelli, F. (2014). Integrating sustainability into innovation project portfolio management–A strategic perspective. Journal of Engineering
and Technology Management, 34, 46-62.
Chandra, P. (2017). Investment analysis and portfolio management. McGraw-Hill Education.
Costantino, F., Di Gravio, G., & Nonino, F. (2015). Project selection in project portfolio management: An artificial neural network model based on critical
success factors. International Journal of Project Management, 33(8), 1744-1754.
Daniel, E. M., Ward, J. M., & Franken, A. (2014). A dynamic capabilities perspective of IS project portfolio management. The Journal of Strategic Information
Systems, 23(2), 95-111.
Golub, B., Greenberg, D., & Ratcliffe, R. (2018). Market-Driven Scenarios: An Approach for Plausible Scenario Construction. The Journal of Portfolio
Management, jpm-2018.
Hafeez, K., Foroudi, P., Nguyen, B., & Alghatas, F. M. (2018). An integrated core competence evaluation framework for portfolio management in the oil
industry. International Journal of Management and Decision Making.
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(Insert Student Name) / (Insert Student Number) - PPMP20013Unit Portfolio for Week 1
Kevin, S. (2015). Security analysis and portfolio management. PHI Learning Pvt. Ltd..,
Klingebiel, R., & Rammer, C. (2014). Resource allocation strategy for innovation portfolio management. Strategic Management Journal, 35(2), 246-268.
Korhonen, T., Laine, T., & Martinsuo, M. (2014). Management control of project portfolio uncertainty: A managerial role perspective. Project Management
Journal, 45(1), 21-37.
Kranner, S., Stoughton, N., & Zechner, J. (2017). A Natural Experiment in Portfolio Management.
Picard, R. G. (Ed.). (2014). Media product portfolios: Issues in management of multiple products and services. Routledge.
Srivannaboon, S., & Munkongsujarit, S. (2016, September). Project management and project portfolio management in open innovation: Literature review.
In Management of Engineering and Technology (PICMET), 2016 Portland International Conference on (pp. 2002-2007). IEEE.
Stettina, C. J., & Hörz, J. (2015). Agile portfolio management: An empirical perspective on the practice in use. International Journal of Project
Management, 33(1), 140-152.
Wu, Y., Wermers, R., & Zechner, J. (2016). Managerial rents vs. shareholder value in delegated portfolio management: The case of closed-end funds. The
Review of Financial Studies, 29(12), 3428-3470.
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