Varun Thatikonda - PPMP20012 Week 5 Portfolio: PM Application Systems

This report, prepared by Varun Thatikonda for the PPMP20012 course at CQUniversity, focuses on the importance of selecting appropriate project management (PM) application systems for successful project realization. The report details the project management information system components including project approval, initiation, planning, scheduling, execution, monitoring, control, and closure. It emphasizes the sequential nature of the project development life cycle and the role of Enterprise Resource Planning (ERP) systems in enhancing business efficiency. The report also touches upon Key Performance Indicators (KPIs) and the differences between value-based stakeholders and consumers. References include Kerzner and Larson & Gray, and the report draws from weekly readings and lecture materials, including topics on systems engineering and its relevance to project management and project cases. The report also provides a summary of the course content from weeks 1-4 and the topics covered in weeks 7-11.

VARUN THATIKONDA / 12068175 - PPMP20012 Unit Portfolio for Week 5
Week 5 Topic: Explain the importance of appropriate selection of Project Management (PM) application
systems in regards to project realisation
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
SEBoKhttp://
www.sebokwiki.org
•Part 3: Systems
Engineering and
Management: Knowledge
Area: Introduction to Life
Cycle Processes;
•Part 3: Systems Engineering
and Management: Knowledge
Area: Life Cycle Models;
•Part 3: Systems Engineering
and Management: Knowledge
Area: Concept Definition;
Optional Readings
 AS ISO 21504:2016
Project, programme and
portfolio management—
Guidance on portfolio
management;
 –SWEBOK V3
Guidehttps://www.comp
uter.org/web/swebok/v3
Explain the importance
of appropriate
selection of Project
Management (PM)
application systems in
regards to project
realisation
After going through the learning material discussed in week 5, I came
to know about the details of importance of accurate project
management application system selection in regards with project
realization. The list information contains in a project management
information system are project approval, project initiation, project
planning, scheduling, execution, monitoring and control and project
closure. In other word, it can be said that in order to execute any
project successfully within assigned time and budget the project
managers and project team members are required to follow the project
development life cycle stages sequentially. If any single stage is missed
then the project will fail to meet the primary objectives.
During the lecture class I have also come across the applications and
benefits of Enterprise Resource Planning in business operations. ERP
system also considers many other knowledge areas beyond time and
cost. I have learned that information collectively act as a key for
successful organizational decision making. An ERP system coordinates
resources, needful information and also takes variety of business and
projects purposes before implementing any project. I have learned
that, ERP system helps to increase the business efficiency however it
deals with finance, accounting, HR and overall project management.
This study material also deals with Key Performance Indicator (KPI). I
have leaned the differences between the value based stakeholders and
value based consumers. The asset management system applies by
project managers of IBM are also discussed in the class lecture
PPMP 20012Program &
Portfolio Information
SystemsLecture 5 for
Week 5
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VARUN THATIKONDA / 12068175 - PPMP20012 Unit Portfolio for Week 5
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
References
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Larson, E. W., & Gray, C. F. (2017). Project management: The managerial process. McGraw-Hill Education.
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