PPMP20012 Unit Portfolio: Discussing Contemporary PM Application

This portfolio delves into contemporary developments in project management (PM) application systems, emphasizing the relevance of systems thinking for project, program, and portfolio managers. It covers learnings from weekly studies, experiences, and prior readings, supported by documentation and mandatory readings from Sterman and Insight Maker. The discussion includes the evolution of project management methodologies from PERT and VPM to complex chain project management and agile methods, highlighting the challenges and opportunities in modern project management. The portfolio also addresses the increasing complexity in project management due to factors like shorter product lifecycles, strict budgets, and globally distributed teams, while acknowledging trends that aim to simplify project management through effective training and better software. It concludes by underscoring the need for models that evaluate the scalability of different management applications, incorporating both economic and behavioral components to inform choices between traditional and new project management approaches. Desklib provides access to this and many other assignments for students.

(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 10 and 11
Week 10 and 11: Discuss contemporary developments in the use of PM application systems.
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
 Sterman Chapters
1, 2, 13 and 15;
 Insight Maker
Optional Readings
 INCOSE
The study has been
helpful to understand
relevance of systems
thinking to the
project, program and
portfolio managers.
The latest applications of project management have been including
various implications of IT, researches and developments. It has included
new products, corporate changes, services and development of software.
Here the properties of the projects have been very distinct from the
conventional ones. This includes the sectors of engineering and
constructions. These are highly needed for the development latest
project management tools (Levin, 2014). Currently there have been
many practical developments. The history of the methodologies of
project management can be seen from PERT, VPM and various current
directions towards complex chain project management and various agile
methods. Here, an important area of application for further
developments has been the methodological changes and latest service
and product developments.
As compared to various business processes, the project management has
been specifically complex (Low & Ong, 2014). This has been from both
practical and theoretical view-points. As seen theoretically, there has
been problem of fundamental planning of various resource scheduling
that has been largely intractable. From a practical perspective, the two
standard objectives in project management are defined to be completion
of the project on time and on budget.
However, various projects have been failing to meet those criteria. This
has been despite the detail planning prior the beginning of execution and
usage of current software of project management. Moreover, failure rate
of projects is higher in many modern applications than in traditional
ones, due to less reliable data and the more challenging. However it can
Kwon, O., Lee, N., &
Shin, B. (2014). Data
quality management,
data usage experience
and acquisition
intention of big data
analytics. International
Journal of Information
Management, 34(3),
387-394.
Levin, G. (2014).
Project Quality
Management: Why,
What and How. Project
Management
Journal, 45(5).
Low, S. P., & Ong, J.
(2014). Quality
Management.
In Project Quality
Management (pp. 29-
36). Springer
Singapore.
Olafsdottir, H. (2016).
Announcement of the
1 of 4

(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 10 and 11
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
be claimed that in spite the present growth in use, the applications of
project managements has been complicated in managing (Olafsdottir,
2016). This has been giving rise to various interesting research scopes.
Here, its reason of working has been to demonstrate what those
opportunities have been and to deliver some specific examples.
Besides, the modern and conventional projects has been possessing
distinct properties. At first, they have been possessing eventual
configuration of conventional projects. This has been more clear that the
current projects. Here, the construction of bridges and skyscrapers has
not been starting toll the blueprints are been drawn up.
On the other hand, the exact formula to be used in business has been
typically unknown until late in the project. This has been resulting into as
a testing and regulatory approval. In the same way, the exact
configuration of a software code is not known until its last line is written
(Olafsdottir, 2016). The processes of scheduling and budgeting of various
has been considerably more complex for nondeterministic projects than
for the deterministic ones. Further, another second distinction has been
lying in the complexity to determine the quantity of work that has been
finished so far. As rough estimates have been available in the case of
projects, it has been typically not available for software programs.
Thus various conclusions can be drawn. First of all, the trends have been
making project management applications complicated. It has raised
competition, service life cycles, shorter products, strict budgets globally
distributes, complex applications and multicultural project teams. On the
other hand, various trends are there to make project managements
simpler. They are effective management training, publishing nest
practice information and supporting of better software. Moreover, there
has been relative effect of the impacts varying from various applications.
The underestimations of the project values as an effective plan from last
IPMA Research Awards
2015. International
Journal of Project
Management, 34, A1-
A2.
2 of 4

(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 10 and 11
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
20 years has been leading researches to fall beyond the current business
innovations and rise in applications. Various crucial developments in the
current era of business innovation side of project management have not
been supported well by this research. Further, various popular journals
in operations ate researches and operation managements are publishes
that has surveyed project management applications for the last decades.
The researches’ and practices have now been diverged and various new
researches have been originating entering into the field of project
management. Thus it can be effectively concluded that the confluences
of the factors has resulted in various interesting opportunities for
research in the area of project management for the following 10 years.
However one of the important challenges is to what extent it is possible
to model and evaluate the scalability of different kinds of management
applications. Various kinds of models would necessarily incorporate both
economic and behavioral components. This is because of the importance
that the applications are made on various interactions and
communications (Kwon, Lee & Shin, 2014). An interesting potential
extension would be to develop a model that could be used, for a given
project management application, to inform a choice between traditional
project management and the new ones.
References
3 of 4

(Insert Student Name) / (Insert Student Number) - PPMP20012 Unit Portfolio for Week 10 and 11
Kwon, O., Lee, N., & Shin, B. (2014). Data quality management, data usage experience and acquisition intention of big data
analytics. International Journal of Information Management, 34(3), 387-394.
Levin, G. (2014). Project Quality Management: Why, What and How. Project Management Journal, 45(5).
Low, S. P., & Ong, J. (2014). Quality Management. In Project Quality Management (pp. 29-36). Springer Singapore.
Olafsdottir, H. (2016). Announcement of the IPMA Research Awards 2015. International Journal of Project Management, 34, A1-A2.
4 of 4