Weekly Portfolio Learning Report: Systems Thinking and Management

This report provides an analysis of weekly portfolio learning, focusing on the integration of systems thinking within project management and systems engineering. The report emphasizes the importance of systems thinking in managing project portfolios, highlighting how it helps in addressing the complexities and challenges of modern projects. It discusses the significance of systems engineering, as outlined in the SEBoK, in developing, deploying, and operating projects effectively. The report also emphasizes the need for portfolio managers to understand project planning, including the integration of technical plans and the management of risks. Furthermore, it highlights the necessity of collaboration and the application of PMBoK principles in achieving project objectives. The report references key resources such as Eisner (2011), SEBoK (2017), and BKCASE (2014), which provide the basis for understanding systems engineering and portfolio management practices.

Surname Weekly Portfolio Learning
Weekly Portfolio Learning
Student’s name
Course
University
Date
Weekly Portfolio Learning Table
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Surname Weekly Portfolio Learning
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: Reflection
on the systems
engineering and
portfolio
management
Systems thinking is essential to
portfolio managers
The objective of the portfolio manager
is to use proper systems thinking to
manage project portfolios. Systems
engineering has become essential in
achieving success in organizations.
Systems thinking has proved significant
in the increasing challenges and
complexity experienced in many
projects (Eisner 2011). The systems
engineering proves important in
developing, deploying, operating
projects. Based on the information
Eisner (2011)
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Surname Weekly Portfolio Learning
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
provided in the SEBoK, the systems
engineering knowledge has become
acceptable and community-based
(SEBoK 2017). It ensures the portfolio
manager strengthens the operating
systems thus avoid system failures that
might disrupt project implementations.
The systems engineering presents a
significant economic value thus making
project performance effective. Portfolio
managers must value systems
SEBoK (2017)
BKCASE (2014)
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Surname Weekly Portfolio Learning
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
engineering management. With planning
becoming necessary in portfolio
management, the managers must
embrace collaboration to understand the
project planning (Eisner 2011). This
involves integrating and developing
technical plans thus achieve project
targets. Without a doubt, systems
engineers must use planning to plan the
right timing of the project’s life cycle
thus manage or eliminate risks and
avoid omissions. Nonetheless, portfolio
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Surname Weekly Portfolio Learning
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
managers must understand the systems
engineering process and knowledge
areas (SEBoK 2017). Without proper
planning, the project would fail or
delayed leading to costly risks. To this
effect, it is necessary for the portfolio
manager to analyze the scope of the
project and identify the constraints,
targets, and risks.
The accepted best practices should
define the success of any portfolio. The
project team needs to collaborate and
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Surname Weekly Portfolio Learning
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
master the principles of PMBoK and
practices. Project manager applies the
management practices and roles
including directing, planning, and
organizing the resources (BKCASE
2014). Through project programs, the
manager can ensure the project fits the
business goal.
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Surname Weekly Portfolio Learning
Bibliography
Eisner, H 2011, Essential of Project and Systems Engineering Management, 3rd ed. John Wiley, Hoboken.
BKCASE 2014, May 30, Guide to the Systems Engineering Body of Knowledge (SEBoK), version 1.3. MIT, USA.
SEBoK 2017, March 27, Guide to the Systems Engineering Body of Knowledge (SEBoK), version 1.8. MIT, USA.
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