Portfolio Management and Organizational Culture Essay

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Program and Portfolio Management
Information Systems
Essay

Introduction
This is necessary to manage the processing of different project or organizational structure in
significant manner. System thinking is one of the approach which provides different tools and
techniques which helps to resolve the issues and challenges in more significant manner. This
is one of the approach which helps to significantly analyse some resolutions regarding the
complex issues and challenges. The essay will also make consideration about the relevance
and importance of using the concept of system thinking is resolving the issues and challenges
in more significant manner. There are several aspects and concepts of system thinking which
will be discussed in the critical study of essay. The determination over different system
thinking tools will be helpful to gather more specific resolution regarding the specified issues
and challenges. The main objective of this particular essay relates to understanding the
relevance and importance of system thinking approaches in consequence of complex issues
resolution.

System thinking and risk management procedure
General system management
Ludwig von Bertalanffy had acquaint with the theory of general system management in 1968.
The main focus of theory was related to using the concepts of mathematics to resolve the
complex issues and challenge (Mccarty & Skibniewski, 2017). The theory helps to portray
different concepts which could be helpful to understand the terminologies of science in more
significant manner. The theory delivers the values of understanding the situation by focusing
on the centralized method and manages the processing of different outlooks of subclasses.
This particular notion mainly concentrations in the practical knowledge and ignore the
physical evidence attached with the component.
Organizational structures, forms and culture
The organizational structure could be referring as the management of internal staff to
accomplish the main goal and requirements of the organization. This is necessary to manage
the entire process by allocating different duties and responsibilities to the applicable and
relevant person (Wu, et. al., 2014). The processing or management of entire structure majorly
impacts the performance of entire organization. As the specific management components
helps the employees to understand the significant approach which they need to use while
working in the organization (Ekrot, et. al., 2014). This determination of values will be helpful
for the employees to manage the entire processing of the working in more appropriate
manner.
The organizational form or type mostly depends on the aspect or procedure which could be
used to manage the entire structure of organization. The workplace culture makes large
impact on the performance management and includes different levels of doing the business in
significant manner (Görög, 2016). There are different types of workplace culture which
differs in the way of performing in the organization. Some of the workplace culture works on
the objective of collaborative performance management. Along with that, there are some of
the business which performance on innovation and efficient workplace culture to attain more
innovative performance management (Ekrot, et. al., 2014).
Value management
This is necessary to analyses different aspects which could be helpful to manage or maintain
particular situation. The value management is one of the approach which helps to

differentiate the proper approach which could be helpful to utilize the objective in cost
effective manner (Mir & Pinnington, 2014). This is one of the concept which mainly focuses
on to build the effective idea of project management which could be cost efficient and will
also attain the less probability of risk factors. The risk or large cost could be the negative
factors of project execution but this specific approach helps to reduce the issue in more
significant manner.
Engineering risk, risk management
The processing and functioning of engineering approaches attain some sort of challenges and
issues. The engineering is one of the concept which attain different type of modifications and
innovations related to implementing the approaches of building the entire processing. This is
also necessary to use this particular approach as this is one of the aspect which helps to
resolve the major issues and challenges (Wu, et. al., 2014). The concept of engineering is
necessary to attain the resolution of complex and critical situations. This is necessary to
determine different issues and challenges as these are necessary to be resolved to attain
advantages and benefits from different management process.
The risk could be stared as some of those negative factors which affect the entire process of
project in adverse manner and needs to be managed accordingly. Risk management is one of
the approach which helps to resolve different risk factors in significant manner. This is
needed to understand that the impact of risk on the process of entire project requires to be
defined (Görög, 2016). As this determination helps to determine about the step which is
necessary to be initiated. Thus, this is necessary to analyses the situation and build some
strategies which are necessary to be implemented.
Systems engineering
There are several system approaches which helps to build some complex processing over the
management of the critical aspects. The concept of delivering different system engineering
approaches could be describing as the aspect of system engineering. System engineering is
one of the part of system thinking and usage different tools of thinking approach to make
more significant aspects (Klein, et. al., 2015). The application of system engineering in the
any of the process helps to analyses and examine different approaches. This analysis over
different components helps manage the entire process in significant manner. This could also
be stated that it helps to manage the processing in significant manner.

Linkage between all the approaches
This could be defining that managing or initiating any of the process in values driven aspects
requires to follow different approaches in significant manner. These are some of the valuable
aspects of maintaining the entire process of process to get success in any of the project. The
system engineering and risk management helps to build the structure of entire project in more
concise manner (Görög, 2016). On the other hand, understanding of organizational culture
could be helpful to manage the team performance and internal structure of the project
execution.

Acquaintance and solicitation of applicable project and portfolio management
The main objective behind implementing any of the project is related to accomplish the
desired aims from the project. The concept of project and portfolio management is an
approach which helps to build some strategies according to the requirements of specific
project.
Portfolio alignment
The portfolio alignment could be stated as the method or procedure which could be used by
an organization or team to attain the specific objectives from the implication of project. This
is necessary to manage the entire process in systematic manner as it reduces the probability of
negative impact on the project execution (Mccarty & Skibniewski, 2017). In the Deepwater
horizon the major reason behind failure was related to the irrelevant management of the
project team. This one negative step had affected the entire processing and growth of specific
project.
The basic portfolio alignment includes the factor which focuses on determining the proper
concept which needs to be uses which helps to resolve the issues and challenges (Ekrot, et.
al., 2014). After defining the resolution concept further necessity is to initiate some strategies
to get rid of the issues. Afterwards, this is necessary to analyses and determine different
factors which needs to be managed in the execution of entire project (Wu, et. al., 2014). The
most important aspect which needs to be considered is related to managing the project is
reducing the risk factors.
Business value
The business values refer to the positive aspects which are attaining by the business. The
business values mainly disclose those factors of organizational structure which indicates
towards the positive aspects of specific business. The major factors which includes in the
business values are related to the efforts which have been made by an organization to
establish the significant performance management (Klein, et. al., 2015). Deepwater horizon
had accomplished the advantage of building the project structure in team working processing
which ensures their efforts to attain the success.
The critical study of Texas cities had described that the organization did not put focus over
the main objectives behind implementing the project. This made the process in lenient
manner and lack of strategies become the reason of complex issues and challenges. This

particular incident helps to understand that this is necessary to manage the entire processing
of project in the manner of attaining the desired objectives from executing the project (Mir &
Pinnington, 2014). Determining the values and mission from initiating the project helps in
more significant manner to accomplish the project growth.
Portfolio management process cycle
The portfolio management process cycle is one of the framework which helps to execute the
entire project in more significant and appropriate manner (Mir & Pinnington, 2014). These
factors are necessary to be initiated as these are the elements which helps to maintain the
understand the requirements and necessities behind implementing the entire project.
This is necessary to define the project which mainly includes some aspects which helps to
understand the aspect which needs to be attained by initiating the project. This sis also
necessary to make some strategies or approaches which helps to execute the project in more
significant manner. After defining the strategies, the further step includes some analysis over
the proper execution of the project aspects (Klein, et. al., 2015). This is also necessary to
manage the further processing of the entire project in appropriate and significant manner.
This is the proposed lifecycle of portfolio management which helps to maintain the project
implantation in significant manner.

Systems engineering point of view in response to the assessment task
System engineering is one of the relevant concept which could be used to resolve the issues
and challenges. This is one of the approach which helps to maintain the process management
and also helps to understand some negative aspects which could affect the processing of
project. that could be understanding that in the case of Deepwater horizon and Texas cities
the main reason behind their failure was the inefficient management approaches. This is
required to understand that the concepts of system thinking helps to manage the project
execution is value driven manner.
Organizational maturity
The concept of organizational maturity refers to the efficiency of initiating and handling the
procedure of project execution. The main reason behind executing the project always defines
the objectives of the organization which needs to be accomplished in significant manner. This
is mainly required to initiate some of the strategies which could be useful and impactful to be
used in the project execution (Ekrot, et. al., 2014). This is necessary for any of the
organization to maintain their working structure which helps them to build some strong
impact on the market place and provides values and authenticity. This is the major
requirement of understanding the needs of project implementation and after that analyse the
requirement of different strategies which will help to accomplish the objective.
Moreover, the organizational maturity is beneficiary to attain growth and development. The
process will be helpful to manage the entire organizational structure which will be helpful to
attain the impactful performance management (Mir & Pinnington, 2014). The critical
analyses over different aspects will also be helpful to execute those plans which are necessary
to accomplish the desired aims and objectives. This will also be helpful to maintain the
stability in the aspects of internal structure of the organization which will become the major
element of attaining the growth and development (Mccarty & Skibniewski, 2017). Thus, it
could be stated that this is the impactful factor to be initiated by an organization to achieve
progress.

Conclusion
The essay had concluded about the approach of system thinking which could be used to build
an impactful project. This is necessary to execute the project in some significant manner
which will be helpful for the organization to attain their desired aims and objectives. The
concepts of organizational culture and business values are some of the approaches which
helps to understand the significant method of initiating the project in context of
organisational growth. There was the discussion about Deepwater horizon and Texas cities
which defined the relevance and importance of significant and appropriate execution of the
project which helps to reduce the risk factors. There was also the discussion about risk
management and portfolio management which ensured the process of building one impactful
project structure. The connotation and significance of organizational maturity had also
discussed in the essay.

References
1. Ekrot, Kock, & Gemünden. (2016). Retaining project management competence —
Antecedents and consequences. International Journal of Project Management, 34(2),
145-157. https://www-sciencedirect-com.ezproxy.cqu.edu.au/search/advanced?
docId=10.1016%2Fj.ijproman.2015.10.010
2. Görög, M. (2016). A broader approach to organisational project management maturity
assessment. International Journal of Project Management, 34(8), 1658-1669.
https://www-sciencedirect-com.ezproxy.cqu.edu.au/search/advanced?
docId=10.1016%2Fj.ijproman.2016.08.011
3. Klein, Biesenthal, & Dehlin. (2015). Improvisation in project management: A
praxeology. International Journal of Project Management, 33(2), 267-277.
https://www-sciencedirect-com.ezproxy.cqu.edu.au/search/advanced?
docId=10.1016%2Fj.ijproman.2014.01.011
4. Mccarty, A., & Skibniewski, M. (2017). The Impact of PMIS Training: Patterns of
Benefit Realization in Project Management Information Systems Training. Journal of
Engineering, Project, and Production Management, 7(1), 2-13.
http://www.ppml.url.tw/EPPM_Journal/volumns/07_01_January_2017/ID_139_7_1_
2_13.pdf
5. Mir, & Pinnington. (2014). Exploring the value of project management: Linking
Project Management Performance and Project Success. International Journal of
Project Management, 32(2), 202-217. https://www-sciencedirect-
com.ezproxy.cqu.edu.au/search/advanced?docId=10.1016%2Fj.ijproman.2013.05.012
6. Wu, Y., Liu, C., & Xu, H. (2014). Applied-Information Technology in Project
Portfolio Risk Management System Based on Hall's Three-Dimensional Structure.
Advanced Materials Research, 1046, 538-544.
https://ebookcentral.proquest.com/lib/cqu/reader.action?docID=1910755