Systems Thinking in Project Management: PPMP20012 Week 1 Report

This report explores the application of systems thinking within project management, emphasizing the project lifecycle, risk management, and project success factors. It delves into the phases of a project lifecycle, from initiation to closure, and highlights the importance of understanding project objectives. The report addresses the role of risk management processes, including identification, analysis, evaluation, and treatment, to ensure project success. It also examines key success factors and the evaluation of project team members' ability to achieve goals. References include readings on systems thinking and project management methodologies, such as PMBOK and relevant standards. This analysis provides a comprehensive overview of systems thinking's significance in achieving project goals and managing potential challenges.

(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit 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
 SEBoK:
'Introduction to
SEBoK'
 SEBoK:
'Introduction to
Systems
Engineering';
 SEBoK: Part 7:
Systems
Engineering
Implementation
Examples
 Kerzner (2013)
Chapters 2.1; 2.6 -
2.8; 2.21;
 AS/NZS
15288:2015
Introduction;
Optional Readings
 AS ISO
21504:2016
Project,
programme and
portfolio
management—
Guidance on
portfolio
Projects can vary on
different aspects, such
as project size, scale,
complexity levels,
purpose, and approach.
Each project has its own life cycle that comprises of certain phases and steps.
The life cycle usually begins with the initiation stage followed by appraise, define
and design, implement, test and commission, deliver products, use products,
and records and experience.
PPMP20012 Unit Profile
PPMP20012 Moodle
Web site
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(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
management;
The life cycle may vary
from one project
methodology to the
other. For instance,
PMBoK has three
process groups as
initiation, planning,
execution, control, and
closure. The ten
knowledge areas in the
project are then applied
in these five process
groups for the
management of the
project tasks and
activities.
There may be various risks that may come up in the projects. The management
methodologies have the guidelines for the handling and management of these
risks. The risk management process may include risk identification, analysis,
evaluation, treatment, monitoring, and closure.
Project success can be
measured and assured
by its ability to achieve
the objectives in
defined estimations.
There are key success
factors that are present
that are evaluated to
understand the project
success.
The success of the project depends upon criteria as project objectives,
resources, risks, approach, decision-making activities, conflicts, disputes, and
many more. These factors are evaluated and gap analysis is done to identify the
ability of the project team members to achieve the project objectives and goals.
References
Gasik, S. (2015). An Analysis of Knowledge Management in PMBOK® Guide. [online] Sybena.pl. Available at:
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(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 1
http://www.sybena.pl/dokumenty/PM-World-Journal-2015-January-Gasik-Analysis-of-knowledge-management-in-PMBOK-Guide-PMI.pdf
[Accessed 24 Mar. 2018].
Kerzner, H. (2013). A Systems Approach to Planning, Scheduling, and Controlling. [online] Books.mec.biz. Available at:
https://books.mec.biz/tmp/books/55F1OL4WQC7HL2OBCGHS.pdf [Accessed 24 Mar. 2018].
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