Discuss About The Negotiation In European Union Bargaining.
The system thinking has certain significance in the project management. The system thinking tools helps the project managers to make the right decisions regarding the decision making process in the project management.
The significance of the system thinking has been developed during the studying of the project management. It can be said there are certain challenges associated with the system thinking.
The significance of the system thinking has been discussed on the basis of the case study regarding the deep water horizon oil spill. It has been found the absence of the system thinking can be problematic for managing the project.
Various system thinking tools can be used in process. The choice of the system thinking tools are dependent on the requirements of the projects. Some of the examples of the system thinking tools are casual loop diagrams, archetypes techniques. The setting of the connection between the organization is achieved by the effective loops. It reflects all the possible connections and the relationship between the different entities present in the process.
The system thinking tools were used during the investigation of the disaster in Deep water horizon. According to the investigation report the British Petroleum had good idea about the system thinking.
The objective of the importance of the system engineering in the project management is evaluated on the basis of the Deep Water Horizon oil spill case. The process management, the data which are being used get authenticated by the SEABoK. Sometimes the data get authenticated from the BKCASE. With the help of system thinking the taken data can be processed in a particular way to delivers a good decision. The effective processing of the data enhances the efficiency of the process. However, the data used in the system thinking is needed to be managed properly. The methodology that can be used in this case is the hybrid methodology. In this case the data collected can be both qualitative and quantitative. The system thinking and the system engineering can increase the efficiency of the project management.
It has been seen that the Deep water horizon had the proper system thinking plan. However, the plan was not evaluated properly. The improper communication between the management and the employees is the main reason for the disaster. The management was not aware about the fact in the cement. This indicate sthe lack of proper communication in the organization.
The main importance of the project and the portfolio management is that the process in the organization can be managed in a successful way. System thinking is associated with the project and the portfolio management. Some of the system thinking tools are 18 words, conceptual model, decision matrix and functional modeling. System engineering is on of the important aspect of the project management. System engineering ensures the fact that the data used in the project is evaluated in the right manner so the that project can deliver the right outcome. The discipline of the happening of the processes is maintained by the system engineering, which includes the proper selection of the project management plan. The processing of the data through the management of the project ensures the better evaluation of the information. In this case, the use of maintaining the electronic project management process can be taken.
In the case of deep water horizon, the attributes of the project and portfolio management were present along with the system thinking. However, the sytem engineering was not implemented properly. This causes the lack of communication between the engineers and the managers of the organization. The management were unaware about the flaws n the system and the engineers did not mention about the error, for this certain step was not taken.
The system thinking and system engineering helps to provide the value driven service by understanding the values of the stakeholders associated with the business process. The system thinking process is an iterative part of the SE process. The tools and techniques used in the project management ensures the compilation of the life cycle of the project in an effective way. The readings give a clear understanding of the system engineering , however, the system engineering are used only to add the value driven services in the business process. However, for the successful compilation of the project methodologies are important.
In case of the deep water horizon oil spill case, there was the presence of the system thinking in the system. However, the project management processes were not followed in that case, properly which brought the miscommunication in the system. This lack of communication and the management caused the disaster.
The system thinking in the process ensures that the project will deliver the value driven service. Apart from the main thing for managing the project is the application of project management methodologies. The management methodologies are responsible for delivering the right outcome that will meet all the requirements of the clients. The selection of the proper project management methodologies are important for the successful compilation of the project. The selection is done on the basis of the requirements and type of the project. In the decision making process the knowledge management The knowledge management is an important thing, as it ensures the sharing of the knowledge and the communication in the business process. This helps to develop the effectiveness of the process. The main difference between the project and the portfolio management is that the portfolio management monitors and manages the various projects while the project management is concerned about the processes in the project. The scope of the the portfolio management is larger than the scope of the project management. Both the project and the portfolio management allows the project managers to control , monitor and authorized the project scope
In case of deep water horizon the project scope was not indentified and there was the miscommunication between the managers and the engineers. The organization like BP has the various projects run under the organization simultaneously. In that case the organization should impose the proper portfolio management technique. However, the lack of communication indicates that there was no proper portfolio and project management present in the organization to control the operations of the organization.
LO7: Relevance of the system thinking, project and portfolio management and the use of software tools.
The application of system thinking tools and the implementation of the software are not enough for successful compilation of the project. Various project management tools and techniques are essential for the better management of the project. Different project management tools and the project planning has been discussed along with its significance. The system engineering can be applied in order to prepare the project plan. The complex life cycle of the project management can be managed by the application of the system thinking tools. The selection of the appropriate project management plans help to achieve the internal and external objectives of the project. The management of the project can be done both manually and electronically. However, it has been seen that the electronic method is more convenient. The use of the software can be helpful in the project management. The software helps to manage all the requirements in each phases of the project management.
The project management software used widely by the organization. Different software giants like IBM , Microsoft are providing the software that can help in managing the effective project management process.
In order to make the appropriate project management the right selection of the system thinking tools and the project methodologies are important. Without the right project management tools and the system thinking the project may fail to deliver the right outcome.
The project and portfolio management hp the project managers to control the project and the process in the right manner so that the organizations can deliver the right outcome and the better services. In order to manage the project management process there are several system thinking tools are available. Some of these software are -4c portfolio managers, Jira portfolio managers. These software are now widely used in the project management for the organizations.
The learning outcome indicates the importance of the system thinking tools and the various usage of the system thinking tools are described. Different system thinking tools can be used to solve various problems. Apart from that various technologies and software can be used for the managing of the process in the project. The study indicate the connection between the project management and the system engineering. This connection helps to develop the flow of communication between the technical departments and the business department of the organization which is important.
I have learned about the concept of PPPM and its applications in different project cycle fields for improving project and ROI improvement. This has also helped me in maintaining the use of managing project performance.
LO10: Importance of the project and the portfolio management.
The system thinking in the process ensures that the project will deliver the value driven service. Apart from the main thing for managing the project is the application of project management methodologies. The management methodologies are responsible for delivering the right outcome that will meet all the requirements of the clients. The selection of the proper project management methodologies are important for the successful compilation of the project. The selection is done on the basis of the requirements and type of the project. In the decision making process the knowledge management The knowledge management is an important thing, as it ensures the sharing of the knowledge and the communication in the business process. This helps to develop the effectiveness of the process. The main difference between the project and the portfolio management is that the portfolio management monitors and manages the various projects while the project management is concerned about the processes in the project. The scope of the the portfolio management is larger than the scope of the project management. Both the project and the portfolio management allows the project managers to control , monitor and authorized the project scope .
In the case of deep water horizon, the attributes of the project and portfolio management were present along with the system thinking. However, the system engineering was not implemented properly. This causes the lack of communication between the engineers and the managers of the organization. The management were unaware about the flaws n the system and the engineers did not mention about the error, for this certain step was not taken.
Conclusion
It can be concluded from the above discussion that the project and the portfolio management is important for the execution of the project tat will deliver the right outcome. The stages of the life cycle of the project management will help to gather the requirements of the projects in a proper way so that it can eliminate the scope creep in the project. The system thinking and the system engineering is the important part of the project as it help to evaluate the data in decision making process. The application of the project management methodologies can be selected on the basis of the requirements of the project. The managing of the project can done electronically. There are different software available that helps in managing the process of the project management. Overall it can be said that the systematic implementation of the project management can be helpful in successful compilation of the project.
Reference
Katz Lothar, Negotiating International (2007). Business Book Surge Publishing, 2nd edition
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