What is the significance of decision making to project management?
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Realization;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Deployment and Use;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Product and Service Life Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Standards;
- Kerzner (2013) Chapters 23;
- AS/NZS 15288:2015 Annex E
Web Sites
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YouTube: What is Portfolio Management vs. Project Management? 1.Explain the relevance of systems thinking to the project, program and portfolio manager. Systems thinking is important for projects susccess, especially when used with application systems such as Sap as it helps in identifying areas where interventions will have the greatest impacts over time. It complements top down thinking and help in effectively managing complx projects Systems thinking is beneficial in helping teams define problems better, develop solutions that are mor affective, and facilitates buy-in and contribution from stakeholders (Aramo-Immonen & Vanharanta, 2009)
Part 3: Systems Engineering and Management: Knowledge Area: Systems Realization;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Deployment and Use;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Product and Service Life Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Standards;
- Kerzner (2013) Chapters 23;
- AS/NZS 15288:2015 Annex E
Web Sites
- YouTube: What is Portfolio Management vs. Project Management? 2.Identify different systems thinking tools and techniques to aid project managers solve project problems.
The systems thinking model looks at events; events are charaterized by past events and behavior pattens which in turn are determined by systems structure and mental models. Applications such as Sap collect useful data and information and in the context of systems thinking, provide the necessary data to use in decision making. The systems approach used with application systems remove uncertainty in the process of decision making. The application systems enabl decision makers to compare decisions made in the current situation andand the possible optimum visions they can make. They enable alternative focused thinking as well as value focused thinking to help with efective decision making PPMP20012 Unit Profile
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Have you any insights you can add from other units you have studies or readings you’ve made?
Mandatory Readings
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Realization;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Deployment and Use;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Product and Service Life Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Standards;
- Kerzner (2013) Chapters 23;
- AS/NZS 15288:2015 Annex E
Web Sites
- YouTube: What is Portfolio Management vs. Project Management? 3.Assess the relevance of systems engineering to project cases. As described in SEBoK, there is a very significant relationship between the scope of project manageent and the scope of systems engineering. Systems engineers undertake planing, monitoring, risk management, and delivery of the projects’ technical aspects while the project manager als does similar activities for the project, and not necessarily technical. The project manager works with the project management plan while the systems engineer follows the systems engineering management plan;m these two documents will help avoid confusion and enhance synergy btween the two. The systems engineering management plan must be consustent with the project management plan for the positive outcomes in projects (Huff & Prybutok,2008) Systems engineering management plan is among the tools for effective project management and must be cnsistent with the project management plan. Effective communication between project manager and systems engineer is crucial for the overall success of te project
- SEBoK
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Realization;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Deployment and Use;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Product and Service Life Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Standards;
- Kerzner (2013) Chapters 23;
- AS/NZS 15288:2015 Annex E
Web Sites
- YouTube: What is Portfolio Management vs. Project Management? 4.Describe how systems engineering concepts and methodologies can help a project, program and portfolio managers organise a project.
A system combines interacting elements and tools to achieve stated purposes. Systems management is concerned with designing, implementing, and efficient and effective project, program, and portfolio management (PPPM) goals to achieve the outputs of PPPM, mananage te PPPM information as well as information flows to support effective and impactful knowledge management and decision making in projects Using software tools such as SAP ERP, PPPM can be implemented and managed effectively in projects
Mandatory Readings
- SEBoK
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Realization;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Deployment and Use;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Product and Service Life Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Standards;
- Kerzner (2013) Chapters 23;
- AS/NZS 15288:2015 Annex E
Web Sites
- YouTube: What is Portfolio Management vs. Project Management? 5.Explain the importance of appropriate selection of project management (PM) application systems in regards to meeting the internal and external objectives of a project.
The right application systems ensure that the goals of the PPPM are achieved, and that they are aligned with the goals and objectives of the organization, as well as providing the required knowledge and information
The right systems provide the right tools toenable the right goals and objectives to be achieved
- SEBoK
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Realization;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Deployment and Use;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Product and Service Life Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Standards;
- Kerzner (2013) Chapters 23;
- AS/NZS 15288:2015 Annex E
Web Sites
- YouTube: What is Portfolio Management vs. Project Management? 6.Describe how the use of project management (PM) application systems can lead to effective PM knowledge management and decision making.
Successful and effective knowledge management results in overall project success. Knowledge management is a uuseful tool for embracing and managing change. Coproporate knowledge can be preservd and maintained through the effective use of knowledg management, and using the right tolls and applications, knowledge management greatly enhances decision making in organizations whn undertaking various projects
Project management application systems support decision making, the development of performance, and nurtures competitiveness to achieve project objectives successfully (Memari, 2018)
Mandatory Readings
- SEBoK
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Realization;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Deployment and Use;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Product and Service Life Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Standards;
- Kerzner (2013) Chapters 23;
- AS/NZS 15288:2015 Annex E
Web Sites
- YouTube: What is Portfolio Management vs. Project Management? 7.Compare and contrast the advantages and disadvantages of different manual and electronic project, program and portfolio (PPPM) application systems within each PPPM knowledge area over the life cycle of a project, program or portfolio. PPPM applicaton systems can either be implemented manually or electrocnically; manual systems are easier to use, but are unwiledy and not as robust, while electronic systems such as SAP gather lots of information and organize it in a way that makes it easy to access and use in decision making. The applications systems are useful I providing crucial data to support decision making; for instance resource use ad productivity to determine human resource requirements PPMP20012 Unit Profile
The PPPM application systems, especilaly when electronically implemented, provide a high level view that support effective and accurate decision making aligned with project goals
Mandatory Readings
- SEBoK
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Realization;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Deployment and Use;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Product and Service Life Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Standards;
- Kerzner (2013) Chapters 23;
- AS/NZS 15288:2015 Annex E
Optional Readings
Web Sites
- YouTube: What is Portfolio Management vs. Project Management? 8.Identify how project, program and portfolio (PPPM) application systems can assist project managers to monitor performance and manage changes within a project. PPPM applications systems are tools that generate data and information so project managers can use these to compare progress versus achieved goals and decide remedial measures, in case a project, for instance, is falling behind schedule or budget (Rolstadås et al., 2015) The tools provide information on earned value management, monitoring the baseline, and for making important decisions
Mandatory Readings
- SEBoK
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Realization;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Deployment and Use;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Product and Service Life Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Standards;
- Kerzner (2013) Chapters 23;
- AS/NZS 15288:2015 Annex E
Optional Readings
Web Sites
- YouTube: What is Portfolio Management vs. Project Management? 9.Propose appropriate project, program and portfolio (PPPM) application systems to support successful project, program and portfolio execution in different industry domains. Are there other insights that you can make from other units that you have studied? Or your work and life experience?
Project Management application systems are tools that project managers and teams use to plan, organize, monitor, and manage different aspects of a project. These systems capture useful information that project managers use to gain insights for decision making; the enable the efficient control, monitoring, and evaluation of projects The application systems are effective tools not only for project management but for collaboration and deision making
- SEBoK
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Realization;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Deployment and Use;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Product and Service Life Management;
- Part 3: Systems Engineering and Management: Knowledge Area: Systems Engineering Standards;
- Kerzner (2013) Chapters 23;
- AS/NZS 15288:2015 Annex E
Optional Readings
Web Sites
- YouTube: What is Portfolio Management vs. Project Management? 10.Discuss contemporary developments in the use of project, program and portfolio (PPPM) application systems. Projects are now more reliant on application systems as effective tools for using project management techniques and methods for susseful project delivery (Rolstadås et al., 2015) PPMP20012 Unit Profile
Have you any insights you can add from other units you have studies or readings you’ve made?
References
Aramo-Immonen, H., & Vanharanta, H. (2009). Project Management: The Task of Holistic Systems Thinking [Ebook] (p. 584). Hoboken, NJ: Wiley Periodicals.
Huff, R. A. & Prybutok, V. R. (2008). Information systems project management decision making: the influence of experience and risk propensity. Project Management Journal, 39(2), 34–47. doi: https://dx.doi.org/10.1002/pmj.20050
Memari, E. (2018). 3 Ways Project Managers can use KM for Effective Project Management. Retrieved from https://project- management.com/3-ways-project-managers-can-use-km-for-effective-project-management/
Rolstadås, A., Pinto, J., Falster, P., & Venkataraman, R. (2015). Project decision chain. Retrieved from https://www.pmi.org/learning/library/project-decision-chain-9685
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