Project Management for Operators of Large Assets: Consolidated

This portfolio consolidates learning outcomes related to project management for operators of large assets. It covers key areas such as managing change, disputes through arbitration and mediation, and documenting management and governance processes. The portfolio includes summaries of each learning outcome, supported by evidence from weekly studies and experiences. Case studies, such as IT risk management at Woolworths and cloud computing implementation at Consagous Technologies, are used as evidence. The document emphasizes the importance of project documentation, disciplined governance, and stakeholder engagement for successful project outcomes. It also highlights the role of portfolio governance in driving project and program governance, ensuring alignment with organizational values and regulatory requirements. This portfolio provides a structured approach to understanding and applying project management principles in complex operational environments. Desklib provides solved assignments for students.

Running head: PROJECT MANAGEMENT FOR OPERATORS OF LARGE ASSETS
Project Management for Operators of Large Assets
Name of the student:
Name of the university:
Author Note

1PROJECT MANAGEMENT FOR OPERATORS OF LARGE ASSETS
1. Introduction and summary of outcomes:
Arbitration is the process through which the involved dispute parties show disagreements
towards arbitrator or private panel that is independent. The mediation on the hand, is another
alternative dispute resolution where the impartial and neutral third parties, mediators and facilitates
has been making conversations in structured multi-stage method. This helps the parties to face a
mutually satisfactory and conclusive agreement. The document management deals with capturing,
storages and retrieving of documents.
The following study helps in understanding how to manage changes, mediations, arbitrations
and disputes. Further it helps in designing and applying governance process and document
management.
2. Itemizing each learning outcome:
2.a. Learning outcome 1: Managing change, disputes, arbitration and mediation:
Summary: The ADR or Alternative Dispute Resolution is the set of various techniques and
approaches aimed in solving various disputes in a conventional manner. The study has helped in
understanding that it can be used wide range of approaches. This extends from party-to-party
engagements in negotiations to face mutually accepted resolutions, adjudications and the arbitrations
to external parties imposing any solution. The mediation has been lying between these two extremes
(Webb, 2017). This is the process through which third parties aids the disputants in reaching any
mutually agreed resolutions.

2PROJECT MANAGEMENT FOR OPERATORS OF LARGE ASSETS
The study has been also helpful to understand that mediation is the way to employ any
impartial and neutral individuals for facilitating negotiations taking place between parties for
disputing efforts for reaching mutually accepted resolutions. This has been also closer to negotiation.
It is understood that that mediation is the facilitated and assisted negotiation done by third
parties. Further, the mediators have been helpful to manage processes that must have any direct
interest towards outcome and conflict (Drury-Grogan, 2014). Further, it does not have any power to
render decision. The mediator has numerous roles. The first one is to help parties to think in
innovative manner and avoid various pitfalls to adopt various rigid positions. This must be instead to
look at various interests for smoothing discussions as there is animosity taking place between parties
rendering the futile discussions. This mediation has specific benefits where the parties possess
ongoing relations that should be continuing as the dispute gets managed (Webb, 2017)). As the
agreement us through consent and none of those parties has been causes to feel they are the losers.
Thus, it has been helpful for various family relations along with various disputes among various
neighbors, business partners and close political entities. Further, the mediation has been creating the
ground stone to resume relations as the specific problem gets resolved (Andler, 2016).
Evidences: For this IT risk management at Woolworths, at Australia can be seen.
2.b. Learning outcome 2: Managing change, disputes, arbitration and mediation:
Summary: The study has shown that the aim of mediation for neutral parties has been to help various
disputants to come to consensus. Instead of imposing any solution, the professional mediator has
been working with various conflicting sides in exploring the interests that has been underpinning
those positions. The mediations have been efficient to allow parties to vent the feelings and totally
explore those grievances (Drury-Grogan, 2014). Here, working with parities separately or together
has been helping to hammer out resolutions that have been non-binding, voluntary and sustainable.

3PROJECT MANAGEMENT FOR OPERATORS OF LARGE ASSETS

4PROJECT MANAGEMENT FOR OPERATORS OF LARGE ASSETS
The arbitration has been a neutral third party serving as the judge who has been liable to
resolve various disputes. The arbitrator has been listening to every side arguing the case and
presenting various relevant evidences and rendering the binding decision. Here, the disputants have
been negotiating virtually every aspect of arbitration process. Further, arbitrators have been handing
down decisions that are confidential and are not appealed. Similar to mediation, the arbitration has
been tending to be very less costly than litigation. The hybrid arbitration-arbitration approach has
been known as “med-arb” assimilating advantages of both the tools. Here the parties have been
attempting to make collaborations on the agreements through mediators. As the mediations ends, the
parties are able to process to arbitration (Webb, 2017). Moreover, the mediators have been able to
assume the role of arbitrators and rendering various binding decisions very fast. Further, the
arbitrators are able to take over various cases as they consult with mediators.
Again there must be various cases, when there is no resolution of disputes that is needed to
be unresolved. In such case the situation turns out be arbitrated. As the med-arbiter handles the
complete process they must be imposing binding decision on the basis of judgments of the case. As
the parties reach the agreements on various problems, the med-arbitrator rules the issues that are still
remaining. On the other hand, the arbitrator takes over every part of the dispute from mediators. To
perform this, the threat to have third parties renders decisions in binding arbitrations that inspires
disputants to perform more in mediation to consider the decision (Drury-Grogan, 2014).
Furthermore, this is more effective as the business is under pressure of rime. Within the labor
dispute, there is need work with various third-parties for futures. As the person hires arbitrators and
mediators, organizations can save money through eradicating the necessity to begin arbitrations as
the mediation gets failed.
Evidences: Here, the big data analysis at NMG Technologies, can be followed.

5PROJECT MANAGEMENT FOR OPERATORS OF LARGE ASSETS
Learning outcome: Documenting management and governance processes:
Summary: It is often found that the project management leaders have been commonly asked about
common questions. It has been important project documentation has been performing the proper
function. Here there have been no doubt regarding project documentations that has been an
important element of project management. This has been substantiated by two activities of
documentation. The first one is assuring that the project has been endure that the project necessities
gets fulfilled and gets established traceability with respect to what has been already done. Here, the
documentations have been laying the foundations regarding quality, traceability and history for both
individual documents and for the complete documentation of the project (Morozov & Timinsky,
2016). This has been highly significant that the documentation gets well arranges, become easy to
read and sufficient. However, an important portion of the project is the written document
underpinning the management, communication and approval. The list of project management
documentation consists of every free templates needed to manage the project starting from inception
to ending. This has been vital that the actions and concepts are been analyzed properly to the
involved at every stage of the project. This has been assuring that those involved has known what
has been expected from them, what has occurred and what risks and effect has been existing and
what the desired outcome has been (Badewi, 2016). Further, the misunderstandings ate avoided in
many ways like following the term with definitions pr showing glossary often accompanying the
written communication. Here, the ultimate step towards the well-written documentation has been its
consistency. The project manager must assure the language and format with the needs of the
projects.

6PROJECT MANAGEMENT FOR OPERATORS OF LARGE ASSETS
Further, they must define tines and styles of the project communications from that outset.
This indicates that they have needed to decide how casual and formal the written communication has
been. Here, a critical aspect of the consistency has been to assure that the reason beyond every
decision and evidences that should be supporting every decision that is controlled as the part of the
overall project documentations. It has not required to be circulated for every team members.
However, this has been available for decision makers in assisting the process.
It is learnt from the studies, that for proper project governance, that adopting disciplined life
cycle governance includes approval gates. Then there should be communicating and recording of
decisions to made at various approval gates. Next, they must establish defined roles, performances
and responsibilities criteria for governance. Further, they must include processes allowing
management board to call for independent project scrutinizes (Morozov & Timinsky, 2016). Further,
the members must be providing with delegated bodies with resources and capabilities to undertake
proper decisions. Further, the stakeholders have been assuring that they are engaged at every level
reflecting the importance to organizations and the manner that fosters trusts. Further, the project
governance has been including deployments of suitably experienced and qualified people.
Evidences: For this implementing of cloud computing at Consagous Technologies can be seen.
3. Discussion and Conclusion:
The above learning outcomes have shown that project management documentations lists has
been containing all free templates needed to control the project from starting to ending. Usages of
positive languages has been enabling to present case of that has been attained instead of stating what
must be done. The case studies shown as evidences must comprise of portfolios consisting of every
programs and projects that is needed to be undertaken. The governance of portfolio has been driving

7PROJECT MANAGEMENT FOR OPERATORS OF LARGE ASSETS
the governance of all projects and programs. Further, there have been various compelling reasons to
have various governance systems in those portfolios. It has been arising from various regulatory and
cultural environments. However, the core values have been constant around organizations and have
been compatible with organizational governances. The portfolio assurances have been conducted
through corporate quality function reporting to the body that has been providing sponsorships of the
portfolio.

8PROJECT MANAGEMENT FOR OPERATORS OF LARGE ASSETS
4. References:
Andler, N. (2016). Tools for project management, workshops and consulting: a must-have
compendium of essential tools and techniques. John Wiley & Sons.
Badewi, A. (2016). The impact of project management (PM) and benefits management (BM)
practices on project success: Towards developing a project benefits governance framework.
International Journal of Project Management, 34(4), 761-778.
Bider, I., & Jalali, A. (2016). Agile business process development: why, how and when—applying
Nonaka’s theory of knowledge transformation to business process development. Information
Systems and e-Business Management, 14(4), 693-731.
Binder, J. (2016). Global project management: communication, collaboration and management
across borders. Routledge.
Drury-Grogan, M. L. (2014). Performance on agile teams: Relating iteration objectives and critical
decisions to project management success factors. Information and Software Technology,
56(5), 506-515.
Harrison, F., & Lock, D. (2017). Advanced project management: a structured approach. Routledge
Heagney, J. (2016). Fundamentals of project management. AMACOM Div American Mgmt Assn.
Heldman, K. (2018). PMP: project management professional exam study guide. John Wiley & Sons.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons

9PROJECT MANAGEMENT FOR OPERATORS OF LARGE ASSETS
Morozov, V. V., & Timinsky, A. G. (2016, August). Strategic gaps in the capabilities of internal and
external adaptation of methodologies and information systems of project management. In
Data Stream Mining & Processing (DSMP), IEEE First International Conference on (pp.
405-409). IEEE.
Webb, A. (2017). Project management for successful product innovation. Routledge.

10PROJECT MANAGEMENT FOR OPERATORS OF LARGE ASSETS
5. Appendix of weeks:
Week 9: Manage change, disputes, arbitration and mediation.
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
4, 15 &
20;
Optional
Readings
 Pinto, J.
K. &
Kharband
a, O. P.
(1995);
 Diekmann
, J. E. &
Girard, M.
1. Review
using clear
terminology
the key
areas and
processes of
project,
program
and
portfolio
managemen
t practices
as applies to
asset rich
organisation
s.
I have adapted entire about idea of
framework considering and its
advantages in the task administration
abilities. The utilization of the
knowledge framework and distinctive
difficulties have been comprehended by
me.The comprehension of task
administration application framework
can prompt powerful PM learning
administration and basic leadership.
The application are exceptionally
immense and difficult to get it.
Kerzner, H., &
Kerzner, H. R.
(2017). Project
management: a
systems approach to
planning,
scheduling, and
controlling. John
Wiley & Sons

11PROJECT MANAGEMENT FOR OPERATORS OF LARGE ASSETS
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
(1995).
Case Study
 QBCC.
Mandatory
Readings
 Smith
Chapters
4, 15 &
20;
Optional
Readings
 Pinto, J.
K. &
Kharband
a, O. P.
(1995);
 Diekmann
, J. E. &
2. Discuss the
relevance of
tools and
techniques
for
investigatin
g and
describing
project
process
related to
developing
new
workings,
facilities,
equipment,
I have encountered a few kinds of the
reasoning apparatuses that are utilized
for critical thinking. The utilization if
the few figuring devices and
applications have been caught and I
have encountered about conceptualizing
of assortment of instruments.The
utilization if the few manual and
electronic task administration
procedures have helped in
understanding the life cycle of program
and portfolio.
Kerzner, H., &
Kerzner, H. R.
(2017). Project
management: a
systems approach to
planning,
scheduling, and
controlling. John
Wiley & Sons