PPMP20012 Unit Portfolio: Systems Thinking and PM Application Systems

This portfolio delves into the application of systems engineering concepts and methodologies in organizing projects, programs, and portfolios. It emphasizes the importance of defining effective projects for successful delivery, enhancing quality and standards, and enabling better decision-making. The portfolio highlights the role of systems thinking in setting objectives, goals, and scope, engaging stakeholders, and implementing projects efficiently through strategic planning. It also addresses risk management, forecasting costs, and categorizing risks. The discussion extends to contemporary developments in PM application systems, their impact on knowledge management and decision-making, and a comparison of manual and electronic systems. The portfolio also examines how application systems assist in monitoring performance and managing changes, and proposes appropriate systems for successful project execution across various industries. The student reflects on how application systems help monitor performance, manage changes, and support project execution, emphasizing the integration of project management information systems (PMIS) for effective communication and information flow.

(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 4
Week 4: Describe how systems engineering concepts and methodologies can help a project manager
organise a project.
Reading samples Learnin
g
outcom
es of the
unit
Learnings from your weekly study, experience, this and prior unit
readings and assignments
Supporti
ng
docume
ntation
includin
g any
prior
learning
Mandatory Readings
 SEBoK Part 2: Foundations of
Systems Engineering -
'Knowledge Area: Systems
Approach Applied to
Engineered Systems';
 Part 5: Enabling Systems
Engineering;
 Kerzner (2013) Chapters 1.21;
2.16-2.18; 17.18;
 AS/NZS 15288:2015 Chapter
6.1-6.2;
 Al-Mamary Y.H., Shamsuddin
A, & Aziati N., (2013) "The
Impact of Management
Information Systems Adoption
in Managerial Decision
Making: A Review"
Optional Readings
 AS ISO 21504:2016
 Portfolio Management;
 Movie: Enterprise Project
Portfolio Management (EPPM).
Systems
engineerin
g concepts
and
methodolo
gies can
help a
project,
program
and
portfolio
managers
organise a
project.
Following are the aspects in which the project management can be helpful in supporting the
portfolio, programme and project management:
Defining and identifying the proper and effective project or programme, or portfolio that can be
utilized for the delivery of a successful project considering the enhancement in the quality ad
standard of the project. It allows the managers to take better decision-making through
considering the appropriate course of action for the identified problem. It enables the manager
to set objectives, goals, scope and other constraints those are very crucial for the development
and growth of the project. Other beneficial aspect highlights towards the engagement of the
stakeholders and their contribution in the successful delivery of the project.
It allows the project manager to implement the project or programme or portfolio in better and
efficient manner through proper and effective planning and strategies those can be helpful in
meeting the objectives and goals of the project and managing the milestones those are
considerable for the successful delivery of the project. Risk management aspects become far
clear through utilizing the system thinking as it allows more comprehensive, enhancing
confidence in the forecasting of the cost or schedule related to the growth and development of
the project.
Maximizing the outputs or outcomes those and minimizing the impact of the risks those could
be helpful in managing the standard and quality of the entire project delivery. Risk handling is
another technique proposed by the system thinking that can allow the managers to understand
System
engineeri
ng can be
helpful I
boosting
the
functionin
g and
operation
within the
project or
portfolio
1 of 2

(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 4
Reading samples Learnin
g
outcom
es of the
unit
Learnings from your weekly study, experience, this and prior unit
readings and assignments
Supporti
ng
docume
ntation
includin
g any
prior
learning
and categorize the different risk types and manage them accordingly.
References
Fernez-Walch, S., 2017. The Multiple Facets of Innovation Project Management. John Wiley & Sons.
Meifort, A., 2016. Innovation portfolio management: A synthesis and research agenda. Creativity and Innovation Management, 25(2), pp.251-269.
2 of 2