PPMP20013 Unit Portfolio Week 5: Project Management Requirements

This portfolio assignment, created by a student for the PPMP20013 unit, focuses on managing project requirements and change processes within the context of asset-rich organizations. The assignment explores key project management areas, including resource allocation, project performance measurement, and the use of tools like MS Project. It discusses the relevance of tools and techniques for project process investigation, emphasizing network diagrams and the importance of communication and operational activities. The portfolio also delves into management strategies, operational activities, safety, quality, and the critical analysis of management strategies. The student demonstrates an understanding of teamwork, communication, and collaborative learning, referencing mandatory and optional readings, along with supporting documentation, to analyze and interpret project processes 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.

(Insert Student Name) / (Insert Student Number) - PPMP20013 Unit Portfolio for Week 5
Week 5: Manage the project requirements and change processes.
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 8,
9, 10;
 QLD Dept.
Transport and
Main Roads. 2017.
Project cost
estimating
manual;
Optional Readings
 AS/NZS ISO/IEC
15288:2015
Systems and
software
engineering;
Case Study
 BMD
Constructions has
a unique capability
and portfolio of
projects
 Brisbane Airport
Corporation’s New
Parallel Runway
1. Review using clear
terminology the
key areas and
processes of
project, program
and portfolio
management
practices as applies
to asset rich
organisations.
The process are defined as the functionality for making a thing active. On
the other hand , managing the same kind of processes is regarded as the
management of the project. The management of the project can be defined
through the pictorial overview called network diagram and sequence
model. On the other hand The portfolio management is about managing
different types of the project.
Managing the project is dependent on the allocation of the resources. The
allocation of the resources can be done through the resource allocation
graph. In this graph, the resources are assigned for the each entity in the
project process.
PPMP20013 Unit Profile
PPMP20013 Moodle
Web site
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
Mandatory Readings
 Smith Chapters 8,
9, 10;
2. Discuss the
relevance of tools
and techniques for
Some of the tools and techniques used for the measurement of the project
performance and the allocation of the resources are MS project, Libre. Through
using these tools scheduling of the project can done in a proper way. Apart from
PPMP20013 Unit Profile
PPMP20013 Moodle
Web site
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(Insert Student Name) / (Insert Student Number) - PPMP20013 Unit Portfolio for Week 5
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
 QLD Dept.
Transport and
Main Roads. 2017.
Project cost
estimating
manual;
Optional Readings
 AS/NZS ISO/IEC
15288:2015
Systems and
software
engineering;
Case Study
 BMD
Constructions has
a unique capability
and portfolio of
projects
 Brisbane Airport
Corporation’s New
Parallel Runway
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.
that the proper network diagram can be generated from using these tools. The
use of tool help in the better management of the project through mentioning
the starting day for the project and the ending time of the project along with the
estimated budget for each module.
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
Mandatory Readings
 Smith Chapters 8,
9, 10;
 QLD Dept.
Transport and
Main Roads. 2017.
Project cost
estimating
manual;
3. Present and
interpret major
processes that are
based on sound
policy, information,
and research that
enable project
justification,
tenders, contracts,
The processes those are based on the contracts and the tenders are the
communication between the organizations. Apart from that the selection of the
organization should be done in a careful way.
PPMP20013 Unit Profile
PPMP20013 Moodle
Web site
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
2 of 5

(Insert Student Name) / (Insert Student Number) - PPMP20013 Unit Portfolio for Week 5
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
Optional Readings
 AS/NZS ISO/IEC
15288:2015
Systems and
software
engineering;
Case Study
 BMD
Constructions has
a unique capability
and portfolio of
projects
 Brisbane Airport
Corporation’s New
Parallel Runway
and selection
criteria to occur in
an asset rich
organisation.
Mandatory Readings
 Smith Chapters 8,
9, 10;
 QLD Dept.
Transport and
Main Roads. 2017.
Project cost
estimating
manual;
Optional Readings
 AS/NZS ISO/IEC
15288:2015
Systems and
software
engineering;
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.
The operational activities include managing the cost and the resources for the
each of the modules in the project process. It has been seen that the allocation
of the proper resources for certain module will help to increase the probability
of the success for the project. On the other hand, proper allocation of the
resources and maintain the interconnection between the different activities in
the project will deliver the right outcome meeting all the requirements of the
project.
PPMP20013 Unit Profile
PPMP20013 Moodle
Web site
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
3 of 5

(Insert Student Name) / (Insert Student Number) - PPMP20013 Unit Portfolio for Week 5
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
Case Study
 BMD
Constructions has
a unique capability
and portfolio of
projects
 Brisbane Airport
Corporation’s New
Parallel Runway
Mandatory Readings
 Smith Chapters 8,
9, 10;
 QLD Dept.
Transport and
Main Roads. 2017.
Project cost
estimating
manual;
Optional Readings
 AS/NZS ISO/IEC
15288:2015
Systems and
software
engineering;
Case Study
 BMD
Constructions has
a unique capability
and portfolio of
projects
 Brisbane Airport
5. Demonstrate an
effective,
professional level
of teamwork and
communication and
support
collaborative peer
group learning.
The professional communication is important for the proper development of the
project. It ahs been seen that maintain the communication will help the project
team to overcome the difficult situations. Apart from that the communication
will help to mitigate the chances of the scope creep in the project.
PPMP20013 Unit Profile
PPMP20013 Moodle
Web site
Have you any insights
you can add from other
units you have studies or
readings you’ve made?
4 of 5

(Insert Student Name) / (Insert Student Number) - PPMP20013 Unit Portfolio for Week 5
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
Corporation’s New
Parallel Runway
References
Archibald, R. D., & Archibald, S. (2016). Leading and Managing Innovation: What Every Executive Team Must Know about Project, Program, and Portfolio
Management. Auerbach Publications.
Costantino, F., Di Gravio, G., & Nonino, F. (2015). Project selection in project portfolio management: An artificial neural network model based on critical
success factors. International Journal of Project Management, 33(8), 1744-1754.
Kopmann, J., Kock, A., Killen, C. P., & Gemünden, H. G. (2017). The role of project portfolio management in fostering both deliberate and emergent
strategy. International Journal of Project Management, 35(4), 557-570.
Stettina, C. J., & Hörz, J. (2015). Agile portfolio management: An empirical perspective on the practice in use. International Journal of Project
Management, 33(1), 140-152.
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