Project Management Portfolio: Theories, Models, and Implementation

This portfolio provides a comprehensive overview of project management principles and practices, covering topics such as PM theories, product life cycle, and quality and cost measurement. It delves into the Project Management Maturity Model, exploring historical development and various methodologies. The portfolio examines project manager functions, responsibilities, and team building, emphasizing the importance of continuous improvement and performance management. It further explores PMBOK processes, including initiating, planning, executing, monitoring, and closing, along with PM implementation strategies, organizational planning, and key benefits of project management. The portfolio highlights critical aspects of project success, including risk management, team dynamics, and effective decision-making processes, providing valuable insights into the complexities of managing projects from start to finish.

Assessment 2:Portfolio
Student Name: Student ID:
Subject Name: Subject ID:
Date Due: Professor Name:
1 | P a g e

Week 1:
Topic and
reading
Personal Learning
Outcome
Learning’s from experience Supporting
documentati
on
1. Lecture
Slides
1. PM theories
2. Product Life
cycle
3. Quality and cost
Measurement
This week includes relevant concepts
from project management concepts
and theories that can be used to
explain product life cycle, professional
bodies of project management and so
on. A brief history of project
management is evaluated including
legislations, guidelines, frameworks,
standards and methodologies.
2. Recomm
ended
Readings
Harold Kezner,
2013
Extent of project management, its
selection, periodization and control is
depicted in this week. Product can be
said to be different compared to a
project as products generally have a
longer life frame. For every project a
project plan is developed and then its
is executed by making any relevant
changes to the plan.
2 | P a g e

1. Videos
Availabl
e
https://
www.youtube.com/
watch?
v=I5UYb3d094M
2. Tutorial
Key
concepts
Project success and failure rates are
determined with responsibilities of a
project manager. Then a five process
groups is included which includes
Project Initiation, Project Planning,
Project Execution, Project monitoring
and control and Project Closure.
Week 2:
3 | P a g e

Topic and
reading
Personal Learning
Outcome
Learning’s from experience Support
ing
docume
ntation
1. Lecture
Slides
1. Project Maturity
Model
2. PM techniques
3. Historical
development of PM
In this week concepts relating to
Project Management Maturity
Model is evaluated. An effective
procedural documentation
methodology is undertaken.
Project Management has an
ancient history of development
associated with it which has come
to change gradually. It was
however, noticeably different in
pre 1940s era and changed Post
World War II, especially in 1960
to 1985 and has come to change
rapidly in current phase.
Methodologies for Project
Management includes processes,
tools and activities in a single
framework methodology.
Organisations tailor-make their
4 | P a g e

Project Management
methodologies by incorporating in
policies, guidelines and industry-
wide templates. Standards are
established with set of approved
and consistent rules along with
guidelines. While there is no
single methodology that can fit
into project management there are
a varied types of techniques
integrated to reduce risks and costs
improving project performance.
2. Recom
mended
Reading
Kezner Chapter 2 & 21
Project Management Journal
Volume 42, No. 5, Pages 4-
16 by Walker D., Dart C.J.
(2011) Frontinus-A Project
Manager From the Roman
Empire Era
3. Videos
Availabl
e
5 | P a g e

4. Tutorial
Key
concepts
1.Quality Improvement
2. Example Honicker
Corporation
A process for Continuous
improvement is included that
includes Capacity Planning,
Competency Models and so on.
Ways and techniques to managing
multiple projects are provided. The
End-of-Phase meetings are
reviewed with case study
pertaining to Honicker
Corporation.
Week 3:
Topic and
reading
Personal
Learning
Outcome
Learning’s from experience Supportin
g
documenta
tion
6 | P a g e

1. Lecture
Slides
1. PM
domain
s
2.Pm
manager’s
functions
Project management professionalism with
its history is incorporated. Various
legislation, standards, frameworks,
guidelines and methodologies in project
management domains is undertaken. All
responsibilities and governance is
incorporated with project life cycles and
then output as against outcomes are
estimated that provides scopes for
improvisation. A process for continuous
improvement for managing change and
complexity of a project is evaluated. For
attaining success with a project, it becomes
critical to organize and staff a project well.
It becomes critical to take in a Project
Manager, who can contribute positively in
the domain of Project Management.
Performance Management is critical in a
project as it is a time bound activity. All
projects includes financial compensation
and rewards systems that has to be
explained to staffs such that they are able
to function accordingly. All staffs
7 | P a g e

individual capabilities has to be evaluated
prior to incorporating them in any project
teams.
2. Recommen
ded
Readings
Kezner
Chapter 4 & 8
Project managers has to deal with complex
challenges and potential problems that
might occur at the time of recruiting teams.
3. Videos
Available
https://
www.youtube.
com/watch?
v=lc7kZ07g6v
Y
4. Tutorial
Key
concepts
Any potential loss to key team members as
personnel performance problems and
personnel policy problems has to be
analysed. Then there has to be changes
made to way of working, prioritizing them
grades and salaries. All these
responsibilities lies with the project
manager who has capabilities to influence
staffs on management as well as technical
grounds. They have capabilities to take
executive decisions as against potential
8 | P a g e

decisions. Development of project plan
ensures performance amongst the project
team members. Team building is another
crucial concept that makes use of expertise
in a coordinated manner to deliver results.
Week 4:
Topic and
reading
Personal
Learning
Outcome
Learning’s from experience Supporting
documentation
1. Lectur
e
1. PMBO
K
2. PM
Implem
entation
In this week the PMBOK Processes is
depicted that describes Project
Management processes. Interaction
between various group projects and
steps of project management
categories that encompasses five
categories are incorporated. It includes
Initiating Process Group, Planning
Process Group, Executing Process
Group, Monitoring and Controlling
Process Group and Closing Process
9 | P a g e

Group. PMP is a standardized
methodology that is used to evaluate
and complete ways to run a project.
There are two processes to run the
project, one is Prince2 and another
being PMBOK. IN PMP, the manager
of the project has responsibility for
project schedule, project budget and
so on. On the other hand in Prince2,
project manager is a person who
coordinates between control board and
project. The board takes all critical
decisions pertaining to the project.
The structure of Prince2 is dependent
on 7 Principles, 7 Themes, 7 Processes
and Environmental Tailoring.
Organizing Project is critical to its
success including key strategies and
organisational planning practice. there
are a number of benefits that are
associated with Organisation of
2. Recom
mende
Kezner
Chapter 9, 11,
10 | P a g e

d
Readin
gs
34
PM
Implementing
Organisationa
l PM Preface
& Chapter 1
3. Videos
Availa
ble
4. Tutoria
l
Project Management that can lead to
increased productivity, alignment with
strategy, efficient decision making,
improved competitiveness to market,
enhanced communications and so on.
11 | P a g e