Project Management for Operators of Large Assets PPMP200013: Portfolio

This report provides a consolidated portfolio analysis for the course Project Management for Operators of Large Assets (PPMP200013). It reviews key areas and processes of project, program, and portfolio management practices applicable to asset-rich organizations. The report discusses the relevan...Read More

PROJECT MANAGEMENT FOR OPERATORS
OF LARGE ASSETS
PPMP200013
Consolidated Portfolio
STUDENT NAME: MOHAMMED ABDUL BAKHI

Table of Contents
1. Introduction.....................................................................................................................................3
2. Course Learning Outcomes............................................................................................................3
2.1 Learning Outcome 1: Review using clear terminology the key areas and processes of project,
program and portfolio management practices as applies to asset rich organisations....................3
2.2 Learning Outcome 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..................................................5
2.3 Learning Outcome 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...................................................................................6
2.4 Learning Outcome 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...............................7
2.5 Learning Outcome 5: Demonstrate an effective, professional level of teamwork and
communication and support collaborative peer group learning......................................................8
3. Discussion and Conclusion..............................................................................................................9
4. References......................................................................................................................................11
5. Appendix........................................................................................................................................11
5.1 Portfolio 1.....................................................................................................................................11
5.2 Portfolio 2.....................................................................................................................................12
5.3 Portfolio 3.....................................................................................................................................12
5.4 Portfolio 4.....................................................................................................................................12
5.5 Portfolio 5.....................................................................................................................................12

5.6 Portfolio 6.....................................................................................................................................12
5.7 Portfolio 7.....................................................................................................................................12
5.8 Portfolio 8.....................................................................................................................................12
5.9 Portfolio 9.....................................................................................................................................12
5.10 Portfolio 10.................................................................................................................................13

1. Introduction
The profession related to project management has been analysed different deficiencies in the
organisational management which has an adverse impact on the management of projects. It is
necessary to overcome deficiencies by applying principles associated to project management
to the higher levels of the organisation. The project can be attained by utilising the
appropriate and effective techniques, knowledge as well as skills which are associated with
the project management. Portfolio project management refers to the continuous process of
selecting as well as managing the optimum set of initiatives which is associated to project so
that they can deliver the maximum results in terms of business value along with the return on
investment. Project portfolio management is a dynamic decision-making process which
enables the management to reach the consensus on the best use of resources so that they can
focus on the projects and by that goals can be attained. An information or data management
along with the collaboration system enables the operators so that they can securely store all
the project information in the online platform which is accessible in nature. This allows the
contractors so that they can easily access as well as exchange the information and documents
which they need and gives the asset operators by knowing and analysing the right documents
are with the right people and the right time.
This exploration giving the diagram of the capacities alongside the procedures of the task
administration that are received by the directors and administrators of the vast resources.
Huge resources might be settled things which incorporate mines, fabricating alongside the
procedure plants which incorporate power and phone systems. Substantial resources might be
unmistakable which incorporate healing facility yet it can be less unmistakable which
incorporate programming alongside the oversaw administrations. By utilizing the procedure,
the undertaking can be overseen adequately. Alongside this, every one of the assets can be
overseen in the most ideal way.

2. Course Learning Outcomes
2.1 Learning Outcome 1: Review using clear terminology the key areas and processes of
project, program and portfolio management practices as applies to asset rich
organisations.
They have to use the key areas along with the processes of the project, the program along
with the portfolio management practices as it is applied to the asset of the rich organisation.
Project management process includes the five steps which are an initiation, planning,
executing, controlling and closing. Project portfolio management process also includes the
different steps which include inventory, analyse, align and manage. Project portfolio analysis
tools are becoming more effective which having a planning information (Kerzner & Kerzner,
2017). Project management programs with a database of all the resources, milestones,
budgets etc. of all the projects. Management system needs to maintain the database so that
best practice can be done by using standardized process. Project cost system having a
capability to estimate the cost of projects. Project Portfolio management system having a
capability or potential so that they can create the credible models so that management can
analyse the portfolio from the top to bottom. Project management includes the oversight of
planning, infrastructure, finances, personnel as well as efficient utilisation of resources so that
objectives can be attained. Program management practices contain the medium to large
projects so that they can enhance the overall company performance (Kerzner & Kerzner,
2017). Program management includes the planning, finances, personnel, performance along
with the efficient use of resources so that goals and objectives can be attained. Successful
program management is characterized by the different best practices. Program management
includes the planning of the whole program as well as associate the projects. Program
manager needs to manage and allocate the resources which are needed to provide the
effective assistance. The manager works with the sponsor so that they can create and
maintain the performance parameters and by that, they can use the diversified success factors.
Summary
It has been assessed that in the task extensive advancement or change should be done, the
arranging of the undertaking ends up being the basic component. In the arranging stage, it is
required that all the estimation should be done of the different procedures and that is required
to be done successfully and productively. There are differentiated advances which are

incorporated into the method of estimation of the venture which can successfully help the
oversaw need to attempt and based on that task exercises can be finished in a compelling and
best way.
Evidence
According to the case study of Parallel Runway in Brisbane, current storm surge level of
1.5m and climate changes increase of 400mm. The stakeholders of the company include the
different activities which are project website, public information sessions, free call
information line and different stakeholder groups.
2.2 Learning Outcome 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.
There are diversified tools and techniques which assist in investigation or examination as
well as demonstrate the whole project process which is associated to the development of new
workings, equipment, facilities along with the processes so that they can justifying and
designing the existing facilities along with the equipment of lifecycle status. The company is
adopted the quality policy as per the whole process along with the techniques would be
complete by keeping in mind by providing the effective quality of using equipment (Love &
Irani, 2003). Another technique is the quality principle which needs to keep in mind by the
development or improvement of the airport. It is necessary that principles were distributed
among the staff members so that they can ensure that they have to follow them as well as the
need to complete the tasks in a respective way. Instructions need to follow which provide the
effective guidance of completion of tasks.
Construction and permanent financing are the tools of financing which help in taking the
loans in such a manner by including the interest costs which can be decreased. To attain the
construction purpose, equity needs to take and also assist in reducing the interest of carrying
the costs. Permanent financing is the tools of permanent financing then all the mechanisms
need to follow in the project development so that they can except for the operating as well as
rent subsidies. They have to use an appropriate mechanism which can take the loans which
are based on the project, market rate, deferred payment loans as well as owner’s equity.

Along with this, it is necessary that cost need to estimate by using reserve analysis or vendor
bid analysis.
Summary
It ought to be noted or broke down that in a major task like Parallel Runway in Brisbane
incorporates the broadened forms which are useful in the improvement of the undertaking.
This help with assessing the procedures, the task administrator is required and basic to
evaluate the expenses alongside the arranging identified with asset allotment adequately and
proficiently. This will help in finishing the venture. The primary goal of this venture is to
build the new runway and in addition related framework or on a low-lying beach front
territory and also parallel to Brisbane Airports existing fundamental runway (Bloch, et. al.,
2012).
Evidence
From the case study of Parallel Runway in Brisbane, there are some risks are identified and
that having an impact on making the decision, runway placement as well as layout. Having a
lower cost other than the configurations. It also allowed for the maximum flexibility related
to designing along with the construction of future infrastructure between runways (Smith,
2002).
2.3 Learning Outcome 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 process which depends on the sound policy, research along with the information is
enabled for the justification of project, tenders as well as selection criteria which generate in
the asset rich organisation. Each and every year, federal or local government invites the
private sector so that they can submit the competitive bids for the supply of the goods and
services. The tendering process is an essential as well as critical of the tender is provided by
the government.
 The first step is to register the interest and analyse the supplier database of the government in
a critical manner and on the basis of that registration can be done as per the operations of the
company. This step help in keeping up to date on any tender information sessions.

 The second step is to attend the tender sessions which help in attaining information. This will
help in providing the valuable opportunities so that they can ask the questions and on the
basis of that contract can be prepared with the agency (Bialaszewski, 2018).
 Then, response strategy of tender needs to develop.
 After that, recent contracts which are awarded need to review and need to make a list of the
tender websites.
 In the next step, compelling bid need to write which include planning, drafting and refining.
 After that, payment terms need to understand and by that awareness can be created by the
payment schedule which is specified.
 Then, referees need to find and check, analyse and submit the bid.
 Then, bid needs to present which is responsible for the high-value contracts.
 After that, request to provide for a debriefing on the tender after using the process and collect
the feedback from the evaluation panel.
 At last, all the concerns along with the complaints need to address.
Summary
The New Parallel Runway at Brisbane Airport will assist in an increment in the capacity of
the airport to the similar level of Hong Kong as well as Singapore airports. The NPR will be
3.3 Km long, 60m wide along with this, it includes in excess of 12 km of taxiways. Tenders
for the Airfield works closed with Skyway, a joint venture between CPB contractors as well
as BMD constructions awarded the works. Phase 1 of NPR includes the ground preparation
and phase 2 includes the construction of runway along with the associated infrastructure.
Evidence
The $400 million Airfield works are the largest package and it comprises the construction of
3300*60m runway as well as the construction of 12 Km taxiway system. It also includes the
installation of airfield infrastructure and removal of excess surcharges once the compaction
level is reached. The NPS is privately funded by Brisbane Airport Corporation with the 75%
cost coming from BAC as well as 25% from landing fees. The site access, as well as seawall
works, were awarded to the Hall contracting as well as completed while $120 million
Dryandra roadworks contract is undertaken by McConnell Dowell.

2.4 Learning Outcome 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.
There are so many strategies along with the activities which are associated with the
operations so that they can ensure the safety along with the quality of the project. It is
necessary that employees of the company need to ensure about the quality of the projects so
they have to use diversified steps which are taken by the business entity which help in
completing the project effectively and efficiently. The techniques include Total Quality
Management and business process re-engineering are the processes has been critically
undertaken by the business entity so that projects can be completed effectively an efficiently.
Projects need to complete in an effective manner by conducting effective research by
maintaining the connection between the projects strategy or corporate strategy for growth.
Corporate strategy helps in completing the projects in the best way. This assist in enhancing
the performance (Adriaanse, 2016).
TQM technique help in ensuring the operations related to internal and external to the project
can be enhanced. This assist in providing the satisfaction of the stakeholders of the company.
Business Process Re-engineering help employees in completing the projects by effective
analysis so that they can ensure the rework or overrun. It requires the critical analysis of
process so that they can allocate the time effectively and by that goals can be attained.
Employees can use 360 degrees approach as it is exhaustive in nature where all the process
along with the cost incurred so that effective analysis can be done by the researcher. It is
necessary to determine the capacity of the vendor so that requirements of the project can
match.
Summary
The principle cost of overwhelms having an absence of authenticity by the underlying cost
gauges. The length alongside the cost of deferrals is thought little of and also possibilities are
set too low. This requires the adjustments in the determination of the task. There are such
huge numbers of real ventures which help with containing the expansive component of
mechanical advancement which having high hazard which can convert into an addition in
cost which is considered as a cost appraise at first. The presence of numerical overrun is

indicative of the possibility of project failure. It describes the incompetence, imprudence or
other problems (Condon & Hartman, 2018).
Evidence
Long-term cost overruns do not matter and that having so many monumental projects which
having world’s imagination having large overruns. Oil companies provide the effective focus
on identifying as well as finding the new sources of hydrocarbons. Along with this, they
spend large amounts of money. In the northern Alberta tar sands, resources having their own
residence and also having a significant amount of money are expended for the development
or improvement of capital. Regulatory bodies provide the effective support along with the
encouragement for the development of these projects by reducing the royalty structure
(Condon & Hartman, 2018).
2.5 Learning Outcome 5: Demonstrate an effective, professional level of teamwork and
communication and support collaborative peer group learning.
The teamwork is based on the specificity of the task and it is having a distinctive feature of
teamwork which is having a successive work action so that they can assemble the different
parts of the product. The goal of project help in improving the production process, group
teamwork assists in increasing the complexity, communication along with the integrative
work. Employees may regard the teamwork as having any kind of cooperation having a clear
idea of a team that works on a common goal which makes a joint decision and on the basis of
that responsibility need to take for the task (Smith, et. al., 2008). Teamwork is considered as
a core element of the organisation and on the basis of this different forms can be
distinguished. Teamwork is the important factor of HPWO as it has an impact on the
employees along with the quality of their working life. It gives the dynamic instruments of
the present organization authoritative practice. The advantage of teamwork having a
significant productivity growth which requires the creative solution of different tasks along
with the operational management. Collaborative and team-based projects become more
popular so that work can be completed effectively. Collaborative peer group learning
provides the support in evaluation by the effective participation. This assist in formulating the
formative feedback during the collaborative experience. Teamwork also help in creating the
best and effective environment so that they can facilitates the knowledge as well as the
exchange of information. Teamwork assist in leading to more the job autonomy, greater

responsibility along with this it provides the higher job satisfaction. This increases the
productivity and efficiency.
Summary
The coordination’s relapse gives the affirmation of the relationship between the occurrence of
collaboration alongside the learning condition in the association. The aftereffect of the review
is accomplished from the individual European nations which give help of quantitative
investigation of EWCS 2000/2001 information. It having an immediate impact of the
presenting collaboration on a learning domain of the organization. It furnishes the
arrangement of preparing alongside the making of learning condition. The Finnish Quality of
Work Life Survey gives the positive connection between's collaboration alongside the worker
preparing. It gives the better conceivable outcomes to give preparing to the individuals who
don't work in groups (Risik and Reis, 2013).
Evidence
The Bulgarian National Working conditions review 2005 depicts that somewhere in the range
of 16% of respondents got preparing from the past a year, 10.5% were the group laborers and
5.5% were definitely not. Collaboration positively affecting the chance of preparing. This
examination gives the affirmation that group specialists help with taking in the new things in
the activity. This help with making the contrast between both the arrangement of laborers is
20%. According to the subjective cooperation contemplate in Bulgaria, supervisors trust that
after the usage of collaboration, group laborers turn out to be more spurred with the goal that
they can take in the new things (Renata, 2018).
3. Discussion and Conclusion
It can be concluded that I have learned different things and increase the knowledge related to
project management which is associated with the large assets for the operators in an effective
way. Learning related to project management for operators is completed in 12 weeks into
diversified sections so that learning can be done in a proper manner. The learning of week is
described as:

In the Week 2, I have learned about the justification project along with the contract process. It
has been identified that project manager is essential to evaluate the work and analyse the
quality as well.
In the Week 3, I have learned about the financing of the projects as it has been analysed that
for an asset rich organisation need to manage the records so that all the projects can be
managed.
In the Week 4, I have learned about the estimation process which is essential for the project
management as well as need to analyse the projects. The estimation process helps in
understanding and completing the project activities in an effective way.
In the Week 5, I have learned that how the requirements of the projects related to large assets
can be managed and changed.
In the Week 6, I have learned that identification and execution need to be done by applying
the conditions related to project contracts to the project teams along with the project process.
In the Week 7, I have learned about the assurance of quality along with the control so that all
the complex projects can be managed by the operators. When the quality of the project need
to manage then effective process need to identify and attain the economic advantages.
In the Week 8, I have learned about the different designs as well as need to apply effective
documents for the management along with the governance processes for operators to manage
the project.
In the Week 9, I have learned about the change management, arbitration along with the
mediation so that financial activity of the industry can be managed.
In the Week 10, I have learned about the implications of the safety along with the positive or
negative impact of safety in the project management.
In the Week 11, I have learned about the implementation of the modern approaches so that
projects can be extended and then it can be complete in the best way.
In the Week 12, I have learned about the sustainability and it ensures a steady flow of the
funds so that projects and programs can be executed.

4. References
 Adriaanse, M. J., (2016). “Construction contract law”, Palgrave Macmillan.
 Bialaszewski, D. (2018). W. Edwards Deming as a Guide for Reducing Risk in Project
Management, In “Research, Practices, and Innovations in Global Risk and Contingency
Management”, (pp. 174-185), IGI Global.
 Bloch, M., Blumberg, S., &Laartz, J. (2012). Delivering large-scale IT projects on time, on
budget, and on value. Harvard Business Review.
 Condon, E. & Hartman, F. T. (2018). Playing the game. Paper presented at PMI® Research
Conference: Innovations, London, England. Newtown Square, PA: Project Management
Institute.
 Kerzner, H., & Kerzner, H. R, (2017). “Project management: a systems approach to
planning, scheduling, and controlling”, John Wiley & Sons.
 Love, P. E., &Irani, Z. (2003). A project management quality cost information system for the
construction industry. Information & Management, 40(7), 649-661.
 Renata, V., (2018). Teamwork and high-performance organisation. [Online] EurWork.
Available at: https://www.eurofound.europa.eu/observatories/eurwork/articles/working-
conditions/teamwork-and-high-performance-work-organisation. [Available at: 4th June 2018].
 Risik, D and Reis, N., (2013). Climate Change Adaptation Good Practice - Case Study.
Department of Industry, Innovation, Climate Change, Science, Research and Tertiary
Education
 Smith, Smith & Nigel, J.,(2008). Engineering project management (3rd ed.). Oxford, UK;
Malden, MA, USA: Blackwell.
 Smith, N. J. (2002). Engineering project management. Blackwell.
5. Appendix
5.1 Portfolio 1

5.2 Portfolio 2
5.3 Portfolio 3
5.4 Portfolio 4
5.5 Portfolio 5
5.6 Portfolio 6
5.7 Portfolio 7

5.8 Portfolio 8
5.9 Portfolio 9
5.10 Portfolio 10