PPMP20012 Unit Portfolio: Contemporary Developments in PM Application

This portfolio delves into various aspects of project, program, and portfolio management (PPPM) application systems. It discusses contemporary developments like Scrum and Lean methodologies, emphasizing their impact on project activities, decision-making, and cost reduction. The portfolio also addresses how PM application systems can lead to effective knowledge management and decision-making, comparing manual and electronic systems across different PM knowledge areas. Furthermore, it explores how these systems assist in monitoring performance and managing changes within projects, proposing appropriate systems for successful execution in diverse industries. The document is a student contribution available on Desklib, a platform offering study tools and resources for students.

(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 1
Week 10 and 11 Topic: 1. Discuss contemporary developments in the use of project, program and portfolio
(PPPM) 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
 SEBoK
 Part 3: Systems Engineering
and Management:
Knowledge Area: Systems
Realization;
 Part 3: Systems Engineering
and Management:
Knowledge Area: Systems
Deployment and Use;
 Part 3: Systems Engineering
and Management:
Knowledge Area: Systems
Engineering Management;
 Part 3: Systems Engineering
and Management:
Knowledge Area: Product
and Service Life
Management;
 Part 3: Systems Engineering
and Management:
Knowledge Area: Systems
Engineering Standards;
 Kerzner (2013) Chapters 23;
 AS/NZS 15288:2015 Annex E
Optional Readings
Discuss
contemporary
developments
in the use of
project,
program and
portfolio
(PPPM)
application
systems.
Into the field of PPPM system, the technology is to be taken as proper mixture
of revolution as well as ideation that is acted as tool for various IT industries.
Contemporary development into PPPM application system is involved to modify
and organize the project related activities. There are various development into
the PPPM application system, which are discussed as below:
As a development in PPPM application system, Scrum development is used
which is used as a proper agile development approaches. SCRUM development
is suitable for the project as it can change the project needs. The benefit f this
development methodology is that it can enhance decision making and all the
project related documents are maintained and daily basis update of the
methodologies. The main limitation of the SCRUM development is not suited for
a large scale project work.
Second development of PPPM applications system is that there is discussion of
the lean development methodology. The main objective of this model is to make
sure that the system can meet with minimum project budget as well as project
resources. Into the lean development methodology, the organization is
benefited with reduction of project cost as well as provided quicker delivery of
the project related activities.
The third development methodology is future drive development, which has
objective to aid with support to the project team members working into the
organization. This methodology is used as an effective way to deal with
complexity of the project work.
PPMP20012 Unit Profile
PPMP20012 Moodle
Web site
1 of 2

(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit 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
 AS ISO 21504:2016
Web Sites
YouTube: What is Portfolio
Management vs. Project
Management?
References
Binder, J. (2016). Global project management: communication, collaboration and management across borders. Routledge.
Kerzner, H. (2018). Project management best practices: Achieving global excellence. John Wiley & Sons.
2 of 2