System Thinking in Project & Portfolio Management - CQUniversity

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This essay analyzes the concepts of systems thinking in project management, discussing various tools and techniques that aid project managers in solving project problems. It assesses the application of system engineering to project cases, highlighting how system thinking concepts and methodologies help project, program, and portfolio managers (PPPM) organize projects involving the “systems engineering body of knowledge (SEBoK)”. The paper emphasizes the importance of project management application systems for internal and external project objectives, leading to effective knowledge management and decision-making. It also discusses the advantages and disadvantages of manual and electronic project, program, and portfolio application systems, supporting successful project execution in various domains, and explores contemporary developments in their use. The relevance of system thinking for organizing complex projects is highlighted, emphasizing its role in improving project implementation and reducing problems. Real-world examples like the BP Texas City and Deepwater Horizon incidents are used to illustrate the importance of systems thinking in preventing and managing project-related disasters. The essay concludes by underscoring the best practices related to system thinking, such as defining project lifecycle milestones, requirements, and scope, ensuring quality work, and tracking progress.
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Running head: PROJECT, PROGRAM AND PORTFOLIO MANAGEMENT
Project, Program and Portfolio Management
Name of the Student:
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1PROJECT, PROGRAM AND PORTFOLIO MANAGEMENT
Introduction
The essay is based on analyzing the concepts of system thinking in project management.
Different tools and techniques are discussed related to system thinking which aids the project
manager to solve the project problems. There is assessment of system engineering to project
cases; system thinking concepts and methodologies helps the project, program and portfolio
managers (PPPM) to organize the project involves of systems engineering body of knowledge
(SEBoK)”. The project management application system is important for internal as well as
external objectives of the project (Kerzner & Kerzner, 2017). The project management
application system leads to effective PM knowledge management and decision making. The
paper also discusses the advantages and disadvantages of manual and electronic project, and
project, program and portfolio application system which supports successful project execution in
various domains (Walden et al., 2015). Contemporary developments in use of project, program
and portfolio application system is discussed.
Relevance of system thinking for organizing of complex projects to project
manager
The purpose of this paper is to develop of good follow and system engineering and
encourage of system thinking across the decision making. The system thinking tools are
conceptual model, functional modelling, and functional failure mode and effect analysis in
addition to context diagram (Schwalbe, 2015). Into smaller projects, the project manager
assumes part of project supervisor as well as system engineer. Undertaking administration has
nearer associations with the framework approaches where it is utilized to deal with the huge
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innovative project related work. Before investigate of utilization of framework designing into the
task, it is required to look at the two functions, for example, understanding of program and
project focused on requirements and regulatory needs of product and program. The project
supervisor helps the association to enhance how they can actualize extends in compelling way
while lessening of problems (Walker, 2015). The project application systems make of positive
effect into the task. This paper depicts the significance of the information administration towards
the project and augmentation of portfolio and program administration for the hierarchical
development. It is clarified significance of learning administration into the worldwide condition
where the work is to be done and indicated significance of individuals into project forms. The
portfolio abridged on system thinking which have focal points into the task incorporates of
distinguishing proof and additionally overseeing of project problems. It upgrades development
into the undertaking as well as facilitates of reactions towards quicker changes (Svejvig &
Andersen, 2015). It is found out about the system thinking tools and strategies preceding
framework considering, how it is helped the undertaking project supervisor to work. Those tools
upgrade the project supervisor to oversee work plot viably.
The system engineering improves the organizational system by fulfilling necessities of
the customers, plan synthesis along with support of proposed system. The framework is helped
of different tools and methods which help and also restrain the project supervisor to comprehend
of the operational plan (Hornstein, 2015). Those tools help to oversee and comprehend the
undertaking challenges. The framework upgrades the authoritative framework by satisfying
necessities of the clients, plan union and approval of proposed framework. It decides, oversees of
problems, enhances learning into the association and utilizes the project administrator to take
appropriate undertaking related choices (Nicholas & Steyn, 2017). The standard framework
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3PROJECT, PROGRAM AND PORTFOLIO MANAGEMENT
depends on arranging and controlling of the specialized activities utilizing designing ideas.
System engineering is principal towards the administration as it improves of aptitudes and
specialized abilities of the project administrator.
The project techniques are incorporated of programming engineering, confirmation of
value; framework designing that is coordinated to control and foresee the way of life. The system
designing techniques help the project supervisor to characterize and build up the undertaking
advantages, for example, amplify the framework advancement (Jaber, 2016). The project
manager performs execution, guarantees about project work completion as well as audits the
whole undertaking work. Alternative system arrangements are outlined and chosen to meet with
the undertaking prerequisites and execute accomplishment towards the task. The system
engineering strategies take care of the business related issues and actualize of new framework.
The framework must take after by methods for outlining and testing for project ease of use
(Facione & Gittens, 2015). The use of framework approaches encourages the project manager to
recognize issues along with the opportunities into the project. The significance of appropriate
choice of the project management application framework is to see acknowledgment of project.
The project determination factors is incorporated of instinctive in addition to additionally
synergistic nature, straightforwardness to demonstrate the information, consistency on the project
refreshes along with capable to oversee whole undertaking lifecycle in addition to adaptability.
In light of the supposition of software developer and programming engineer, it is forced of
operational database administration with the emotionally supportive network (Stark, 2015). It is
the obligation of the project manager to take of project philosophies to take care of undertaking
related issues which is recorded into the undertaking and also program business cases. It is
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4PROJECT, PROGRAM AND PORTFOLIO MANAGEMENT
dependent on greater part of the variables which set up of convenience notwithstanding
comprehension of the plan in addition to also critical thinking.
Basic leadership is required to find a way to deal with the issues in addition to project
related problems. Depicting the project, program and also portfolio management application
system it is prompted of better comprehend the learning alongside basic leadership. During this
time learning materials, it is investigated of the issues towards acknowledgment of the program
alongside application framework for accomplishing of the task objectives (Pearlson, Saunders, &
Galletta, 2016). PPPM means to give the association focused edge over the association's market
structure. It is centred on acknowledgment of comes about for showing signs of improvement
execution. The prescribed advances are required to acknowledge of project objectives as well as
accomplish of wanted task results which is incorporated of formation of procedure which is
significant to the authoritative targets (Todorović et al., 2015). Learning administration
framework is expected to break down of the instruments which are required for making
advancing into the specialized undertakings. It is involved to make of decisions and does right
works at right time with foundation based to deliver of products on time with financial scope
(Hornstein, 2015). The paper also discusses advantages as well as disadvantages of the manual
and electronic PPPM application system on the project life cycle.
Requirement of project lifecycle is observer into the scheme management in addition to
work system, stakeholders furthermore portfolios. There is significance of the project lifecycle
which is guaranteed to design before execution of the plan (Lock, 2017). There are two sorts of
PPPM, for example, manual and in addition electronic. Manual PPPM is settling on of choices;
limit the problems, guarantee of abuse of the HR. It additionally gives of significant worth to the
task partners. There are damages in manual PPPM in type of the speed to record making which is
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lower and in addition tedious when contrasted with electronic PPPM. There are precision
alongside unwavering quality of the records by manual PPPM is one which can draw in the
higher questions when it is achieved level for contemplations of the undertaking arranging.
Distinguishing the PM application framework which can help of the project supervisor to screen
and oversee changes into the project (Fleming & Koppelman, 2016). It is thought about the
project administration application frameworks which are rolling out improvements and checking
the execution of the framework. There are expected of progress administration which is required
to get appropriate authoritative results and additionally achievement. The change administration
does not oversee changes by methods for mediations and additionally manifestations however it
is embraced of techniques for making change. There is no such postponement to screen of the
task execution (Heagney, 2016). Observing of the execution of undertaking depends on
coordination issues; fall of the project costs as well as additionally trouble among the task assets
and colleagues. Talking about and proposing of appropriate undertaking administration
application framework to help of the task execution. There are different components of the
program execution, for example, recognizable proof of the task points of reference, breaking
project developments and buying of types of mechanism required to accomplish of the project
objectives (Nicholas & Steyn, 2017). There are likewise different components, for example,
allotment of the undertaking assignments to the colleagues in subject matter, following of the
project advance for the colleagues and checking of the task use and correspondence of the
project advance to the partners.
“Project, program and portfolio management (PPPM)”, involves making of decisions in
addition to does right things at appropriate moments with foundation focused on delivering the
creation on time down with extent of finance. PPPM aims to provide the organization with
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competitive edge over the organization’s market structure. It is focused on realization of results
for getting of better performance. The information administration tools are assisting the project
supervisor with creating and keep up bigger learning database for guaranteeing the worker.
Initiation is the principal phase of the undertaking lifecycle which is included with unmistakable
functionalities, for example, pre-start of the task (Facione & Gittens, 2015). In light of this stage,
esteem and in addition plausibility of project is estimated all through assessment instruments
which are utilized by the undertaking chief to choose the task coherence. Project planning stage
is created for directing the project group; keep the financial plan and time span. The arrangement
offers of knowledge to the group to obtain of assets, materials and furthermore gets ready on
pending the project obstacles (Todorović et al., 2015). It is included to guarantee about the
consumer loyalty which is ensured and additionally conveyed and it is the principle stages which
are related with venture administration as it is succeed in view of arranging. Checking and
controlling depends on execution of the task as it is happened, since there is no such execution
without controlling and observing of the project group. Conclusion stage depends on
achievement of the project to the clients and last close down the undertaking records. Observing
of the task execution is such an instrument which helps in early signs of the coordination issues,
fallen of the project costs and in addition struggle of the assets (Pearlson, Saunders, & Galletta,
2016). Change administration is such an idea which is managed of the undertaking readiness
alongside help of individuals to ensure that they can receive of project changes towards the
authoritative results and achievement. The change administration does not oversee changes by
methods for intercessions and in addition manifestations yet it is embraced of systems for
making change. There is an achievement of changes into the venture which are estimated by rate
of the accomplishment alongside impacts on individuals and there are no such changes. There is
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less probability of task changes alongside adequate venture assessment. There are changes into
the task towards the program and additionally portfolio as it is framed of the exchange identified
with the subject in light of undertaking course (Nicholas & Steyn, 2017). There is no such
postponement to screen of the task execution. BP Texas City alongside Deepwater horizon oils
are spilled eleven specialists which would stop and additionally catch of spilling oils.
Conclusion
It is concluded that the best practices related to system thinking is define the project
lifecycle milestones, requirements and scope of project, authorization of work, planned
continents, assure of quality work and tracking of the work. There is reception of the “systems
engineering body of knowledge (SEBoK)” which is upgraded of changes towards the
dimensional methodologies of the project administration as it is advanced of training towards
building, instruction and in addition investigates. The project manager as well as project
supervisor plays the main role to provide of better project results such that the project work gets
succeed. Among the project stakeholders, communication plays a key role to achieve and gain of
better success. The project related problems and issues are to be analysed to get better project
outcomes based on project requirements. Based on team member’s skills and knowledge, the
project tasks are to be allocated to all.
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References
Facione, P., & Gittens, C. A. (2015). Think critically. Pearson.
Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management.
Project Management Institute.
Heagney, J. (2016). Fundamentals of project management. AMACOM Div American Mgmt
Assn.
Hornstein, H. A. (2015). The integration of project management and organizational change
management is now a necessity. International Journal of Project Management, 33(2),
291-298.
Jaber, M. Y. (2016). Learning curves: Theory, models, and applications. CRC Press.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
Lock, D. (2017). The essentials of project management. Routledge.
Nicholas, J. M., & Steyn, H. (2017). Project management for engineering, business and
technology. Taylor & Francis.
Pearlson, K. E., Saunders, C. S., & Galletta, D. F. (2016). Managing and Using Information
Systems, Binder Ready Version: A Strategic Approach. John Wiley & Sons.
Schwalbe, K. (2015). Information technology project management. Cengage Learning.
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Stark, J. (2015). Product lifecycle management. In Product Lifecycle Management (Volume
1) (pp. 1-29). Springer, Cham.
Svejvig, P., & Andersen, P. (2015). Rethinking project management: A structured literature
review with a critical look at the brave new world. International Journal of Project
Management, 33(2), 278-290.
Todorović, M. L., Petrović, D. Č., Mihić, M. M., Obradović, V. L., & Bushuyev, S. D. (2015).
Project success analysis framework: A knowledge-based approach in project
management. International Journal of Project Management, 33(4), 772-783.
Walden, D. D., Roedler, G. J., Forsberg, K., Hamelin, R. D., & Shortell, T. M. (2015). Systems
engineering handbook: A guide for system life cycle processes and activities. John Wiley
& Sons.
Walker, A. (2015). Project management in construction. John Wiley & Sons.
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