University Portfolio Management Systems Engineering Report

This report explores the application of systems engineering in project and portfolio management, emphasizing the integration of various systems to achieve organizational goals. It discusses the importance of systems engineering in transforming stakeholder needs into effective systems, highlighting the use of product systems and the management of project life cycles. The report also examines the role of portfolio management in resource allocation and strategic management, contrasting the roles of portfolio and project managers. It covers key concepts such as program management, performance management, and the use of knowledge areas to improve product quality and achieve strategic objectives. The report also references relevant literature, including the standard for portfolio management and the SEBoK, to support its findings.

Surname Weekly Portfolio
Weekly Portfolio
Student’s name
Course
University
Date
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Surname Weekly Portfolio
Weekly Portfolio Learning Table
Description of
topics including
reading samples
Learning outcomes of the course Learning from your experience, this
and prior unit reading, assignments
Supporting documentation including
your prior learning
Topic:
Application of
systems
engineering in
project
management and
portfolio
management
Part 4:
Applications of
Systems
Engineering
Comparing and contrasting the
merits and demerits of various
electronic and manual PPPM
application systems within the
knowledge area
The objective of this reflection is to
understand the systems regarding
portfolio information systems and
programs.
The systems engineering has proved
essential in transforming the
stakeholder’s needs into system
products. The project managers have to
apply various systems engineering
applications like systems of systems,
enterprise systems engineering, service
systems engineering, and product
systems engineering to improve the
quality of the products (PMI 2013). The
product systems engineering has proved
essential in improving the processes of
product development. In fact, the project
manager needs to develop and use
relevant systems to produce quality
products relevant to every market
segments. Product system is an enabling
process used to combine end products. It
consists of end products and enabling
PMI 2013
PMI 2013
SEBoK 2017
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Surname Weekly Portfolio
Description of
topics including
reading samples
Learning outcomes of the course Learning from your experience, this
and prior unit reading, assignments
Supporting documentation including
your prior learning
products performed through operational
functions and associated process
functions.
Portfolio management is important in
setting priorities and capacity of an
organization. It involves balancing
conflicting programs and demands by
efficient resource allocation.
Indisputably, portfolio managers and
project managers are different as the
latter strives to do the right work while
the former values doing work right
(Zanotti 2013). For organizations to
achieve their strategic goals, they use
programs and projects. With the
portfolio management systems including
systems engineering, it is possible to
manage and interconnect resources and
goals (SEBoK 2017). The project
managers are also expected to use
acceptable practices to manage
portfolios based on the knowledge areas
thus address portfolio communication,
strategic management, and performance
management. With the emphasis on
SEBoK 2017
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Surname Weekly Portfolio
Description of
topics including
reading samples
Learning outcomes of the course Learning from your experience, this
and prior unit reading, assignments
Supporting documentation including
your prior learning
process group, the controlling and
monitoring has become possible. The
project manager needs to use the project
life cycle to coordinate the knowledge
areas. The integration management
involves the project areas like human
resource, quality, risk, scope, cost,
procurement, and communication
management.
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Surname Weekly Portfolio
Bibliography
PMI 2013, The standard for portfolio management, Third Edition. PMI, Newtown Square, PA.
SEBoK 2017, March 27, SEBoK v. 1.8. Available at http://sebokwiki.org/wiki/Applications_of_Systems_Engineering [Accessed September 23,
2017].
Zanotti, E 2013, The standard for portfolio management, 3rd Edn. PMI, Newtown Square.
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