Week 4 Portfolio: Systems Engineering Concepts and Project Management
VerifiedAdded on 2021/05/31
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This report, a student's Week 4 portfolio for the PPMP20012 unit, delves into the application of systems engineering concepts and methodologies within project management. It emphasizes the importance of system thinking, which involves understanding the interrelationships between processes rather than isolated states. The report highlights how systems thinking bridges technical and managerial aspects, facilitating effective communication and integration within projects. It distinguishes between concepts (axioms) and methodologies (taxonomies) in systems engineering, referencing SEBoK. The analysis covers the use of various tools and techniques, such as expert judgment and data analysis, to identify risks, manage requirements, and enhance project success. It also differentiates between project and portfolio management, outlining the advantages of portfolio management, such as optimized resource allocation and better coordination. The report concludes by emphasizing the importance of selecting the right project management techniques for successful project completion and effective communication.
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