PPMP20013 Project Management

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23-11-2020

Course Code: PPMP20013
University: Central Queensland University

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Country: Australia

Question:

You will need to create weekly portfolios in your tutorial and submit them online. At the end of the term, you will also need to submit a consolidated portfolio. Your task is to write a weekly portfolio reflecting upon your learnings from the prior week.

In your portfolio you will identify:
? the learning outcomes and module/topic of the course,
? a description of your experience, including reading samples or records,
? your learning from your experiences, and
? any supporting documentation of prior or current learning.
You will use the portfolio template provided on the Moodle web site for this weekly portfolio. You should upload your completed weekly portfolio to the Moodle web site after the tutorial. Your portfolio should contain a coherent, but necessarily restricted review of the academic literature related to the project management topics for each week. You should also include a weekly reference list formatted in the prescribed Harvard style. You are also encouraged to include a bibliography.This assessment item involves researching the topics to enhance your understanding of each concept through an utilisation of academic literature and secondary sources. Whilst you must use the recommended textbooks and web links, you should also refer to other sources on the Moodle web site and additional relevant peer reviewed academic journal articles of your choosing. Your weekly portfolio can be as long or as short as you want it to be.

It is your portfolio and shows your development of understanding during the course. Naturally, this will make the portfolio different for everyone. Each student’s background, education, current and past work experiences is what makes it different. Each student’s personal researches will be different.What you need to do is to give yourself enough time to reflect and show how you have thought and come to grips with the ideas that address the learning outcomes of the course. The amount of time you should be allocating to the course is 12 to 16 hours per week (which includes writing the portfolio). So there should be a fair bit of time for you to make the reflections and reach a depth of insight that will make the portfolio meaningful.

With each weeks portfolio that you submit you do not include the writing that you made for a prior week. Instead you use the same portfolio template using only the section for the week you are writing about. In other words each week’s portfolio is a reflection upon that week. You should however, revisit the whole of the course learning outcomes each week. The portfolio for any previous week is a reflection of your insights and thoughts for that week.

Once you upload the portfolio then leave it
for that week. Over the duration of the course you will find that there is a development and change of your ideas as you study the material. You will then have opportunity at the end of the course to consolidate everything and show how you have gained the insights that the course is seeking to provide. At the end of the course you should review your weekly portfolios and consolidate them into a single submission. You should make a personal reflection in this submission. This is the assessment that gets marked.

It is to your benefit to have the personal discipline to make sure that you do not get behind. If you are allocating 12 or 16 hours per week for the course then there is plenty of time for the portfolio. If you find that one week you slip then ok, but the course is fundamentally planned so that you need to allocate 12 to 16 hours each week. Two hours lost in one week means that you need to do 14 to 18 hours the next! The course is straight forward, but there are lots of web sites to visit and material to
download. The text books are only part of the story and you won’t be able to do the course with just the text books. Unfortunately, much of the material is written from a North American perspective. You will need to consider other industry sectors and also to be able to translate the learning outcomes into an Australian or other cultural perspective.

Therefore, you will need to download other files and visit web sites to be able to gather the material you need in your portfolio. There are no bonus points for getting the portfolio perfect from the first week! In fact the portfolio for the first week is much more likely to be an amateurish attempt. It is unlikely that you’ll really know what you’re doing in the first and second week, and if you pretended you do then it would be hard to believe you anyway! Understanding and familiarity will only develop over time. As you do the portfolios’ each week and keep revisiting the learning outcomes and adding the course material then you will gain insights required. Unless you do that on a weekly basis you won’t have the appropriate perspective to make the journey and reach the destination by the end of
the course.

Ensuring you have accurate references is important and will allow the marker to easily identify where your portfolio maps to the course or other peer reviewed material. Also you need to show how you have made critical reflection on the material and added your own unique insights.

Answer:

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 · Smith Chapters 4, 15 & 20; Optional Readings · Pinto, J. K. & Kharbanda, O. P. (1995); · Diekmann, J. E. & Girard, M. (1995). Case Study · QBCC.	1. Review using clear terminology the key areas and processes of project, program and portfolio management practices as applies to asset rich organisations.	Asset allocation: long term asset mix has been one of the way to compelling portfolio management that has been founded on the learning about the diverse kinds of the advantages and their tendency of instability and show. Enhancement: it is a procedure of distinguishing the expansive extent of the recognized resources or class of the assets that has been a spreading of the prizes and dangers among the resource class. Rebalancing: Returning the portfolio into genuine target area inside an interim of a year can be portrayed as the key performing artist for the PPPM. Pondering the financial specialist's arrival or hazard profile is an essential perspective for the holding the asset mix.	PPMP20013 Unit Profile PPMP20013 Moodle Web site Have you any insights you can add from other units you have studies or readings you’ve made?
Mandatory Readings · Smith Chapters 4, 15 & 20; Optional Readings · Pinto, J. K. & Kharbanda, O. P. (1995); · Diekmann, J. E. & Girard, M. (1995). Case Study · QBCC.	2. Discuss the relevance of tools and techniques for investigating and describing project process related to developing new workings, facilities, equipment, plant and processes for justifying, designing, developing, or maintaining existing facilities and equipment within the context of their technological and asset lifecycle status.	Proportionate yearly cost correlation: this examination is useful in looking at the quantitative estimation of the cost examination and dealing with alternate requirements in light of this finding. Accumulating the capital spending: capital spending aggregation is dependably a viable approach towards breaking down the present estimation of the protected innovation and resources accessibility to the association. Degree of profitability computations: It is an estimation of the resulting in the increased rate through the speculation made all through the project lifecycle that on the other hand helps in dealing with the asset lifecycle	PPMP20013 Unit Profile PPMP20013 Moodle Web site Have you any insights you can add from other units you have studies or readings you’ve made?
Mandatory Readings · Smith Chapters 4, 15 & 20; Optional Readings · Pinto, J. K. & Kharbanda, O. P. (1995); · Diekmann, J. E. & Girard, M. (1995). Case Study · QBCC.	3. Present and interpret major processes that are based on sound policy, information, and research that enable project justification, tenders, contracts, and selection criteria to occur in an asset rich organisation.	Following are the significant procedures engaged with the areas stated in the inquiry: Deciding the tender procedure that will emphasize upon the selecting tendering, opening tender, multi-arrange tendering, and welcomed tendering. Asking for the planning of the tender, tenders being as of now welcomed, reaction of the providers, Selection after assessment, questioning in the wake of informing about the tender, lastly, contracts foundation and administration. These procedures can assume exceptionally critical part in the satisfaction of the prerequisites those are important for the venture empowering, contracts, tenders, support and determination criteria.	PPMP20013 Unit Profile PPMP20013 Moodle Web site Have you any insights you can add from other units you have studies or readings you’ve made?
Mandatory Readings · Smith Chapters 4, 15 & 20; Optional Readings · Pinto, J. K. & Kharbanda, O. P. (1995); · Diekmann, J. E. & Girard, M. (1995). Case Study · QBCC.	4. Critically analyse management strategies and operational activities from a broad perspective to ensure safety and quality, to avoid overruns or rework, to manage variations and claims, and to make decisions to discontinue or close projects.	Following are a portion of the operational exercises administration systems those could be useful in contributing the administration of the limitations specified in the left section: Distinguishing the rising patterns, and Gaps is a powerful approach towards the estimation of the techniques those can drag the project towards progress. Execution of the adjustments in smooth way: Changes are the conduct in the project and ought to be actualized inside the undertaking in way rouse them towards the set destinations and objectives. Task assessment helps in distinguishing the proficiency and adequacy of the undertaking those should be controlled for the valuable conveyance of the project Hazard Management helps in dealing with the effect of the dangers at the base level Quality Management guarantees that the conveyance of the undertaking is of high value and quality	PPMP20013 Unit Profile PPMP20013 Moodle Web site Have you any insights you can add from other units you have studies or readings you’ve made?
Mandatory Readings · Smith Chapters 4, 15 & 20; Optional Readings · Pinto, J. K. & Kharbanda, O. P. (1995); · Diekmann, J. E. & Girard, M. (1995). Case Study · QBCC.	5. Demonstrate an effective, professional level of teamwork and communication and support collaborative peer group learning.	As said above, changes are constantly suitable approach towards inspiring the conveyance of the project according to the normal yield and conveyances. Notwithstanding, it has two points of view on which the whole change can be transformed into a benefit or catastrophe. Legitimate administration systems can lead towards the effective execution of the change and bring out important positive results. Then again, if the distinguished change acquires question the task conveyance it can be turned towards the lawful frameworks and courts. Consequently, thought of the successful and effective approach is most significant viewpoint in the general conveyance of this undertaking.	PPMP20013 Unit Profile PPMP20013 Moodle Web site Have you any insights you can add from other units you have studies or readings you’ve made?

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

· Smith Chapters 4, 15 & 20;

Optional Readings

· Pinto, J. K. & Kharbanda, O. P. (1995);

· Diekmann, J. E. & Girard, M. (1995).

Case Study

· QBCC.

1. Review using clear terminology the key areas and processes of project, program and portfolio management practices as applies to asset rich organisations.

Asset allocation: long term asset mix has been one of the way to compelling portfolio management that has been founded on the learning about the diverse kinds of the advantages and their tendency of instability and show.

Enhancement: it is a procedure of distinguishing the expansive extent of the recognized resources or class of the assets that has been a spreading of the prizes and dangers among the resource class.

Rebalancing: Returning the portfolio into genuine target area inside an interim of a year can be portrayed as the key performing artist for the PPPM. Pondering the financial specialist's arrival or hazard profile is an essential perspective for the holding the asset mix.

PPMP20013 Unit Profile

PPMP20013 Moodle Web site

Have you any insights you can add from other units you have studies or readings you’ve made?

Mandatory Readings

· Smith Chapters 4, 15 & 20;

Optional Readings

· Pinto, J. K. & Kharbanda, O. P. (1995);

· Diekmann, J. E. & Girard, M. (1995).

Case Study

· QBCC.

2. Discuss the relevance of tools and techniques for investigating and describing project process related to developing new workings, facilities, equipment, plant and processes for justifying, designing, developing, or maintaining existing facilities and equipment within the context of their technological and asset lifecycle status.

Proportionate yearly cost correlation: this examination is useful in looking at the quantitative estimation of the cost examination and dealing with alternate requirements in light of this finding.

Accumulating the capital spending: capital spending aggregation is dependably a viable approach towards breaking down the present estimation of the protected innovation and resources accessibility to the association.

Degree of profitability computations: It is an estimation of the resulting in the increased rate through the speculation made all through the project lifecycle that on the other hand helps in dealing with the asset lifecycle

PPMP20013 Unit Profile

PPMP20013 Moodle Web site

Have you any insights you can add from other units you have studies or readings you’ve made?

Mandatory Readings

· Smith Chapters 4, 15 & 20;

Optional Readings

· Pinto, J. K. & Kharbanda, O. P. (1995);

· Diekmann, J. E. & Girard, M. (1995).

Case Study

· QBCC.

3. Present and interpret major processes that are based on sound policy, information, and research that enable project justification, tenders, contracts, and selection criteria to occur in an asset rich organisation.

Following are the significant procedures engaged with the areas stated in the inquiry:

Deciding the tender procedure that will emphasize upon the selecting tendering, opening tender, multi-arrange tendering, and welcomed tendering.

Asking for the planning of the tender, tenders being as of now welcomed, reaction of the providers, Selection after assessment, questioning in the wake of informing about the tender, lastly, contracts foundation and administration. These procedures can assume exceptionally critical part in the satisfaction of the prerequisites those are important for the venture empowering, contracts, tenders, support and determination criteria.

PPMP20013 Unit Profile

PPMP20013 Moodle Web site

Have you any insights you can add from other units you have studies or readings you’ve made?

Mandatory Readings

· Smith Chapters 4, 15 & 20;

Optional Readings

· Pinto, J. K. & Kharbanda, O. P. (1995);

· Diekmann, J. E. & Girard, M. (1995).

Case Study

· QBCC.

4. Critically analyse management strategies and operational activities from a broad perspective to ensure safety and quality, to avoid overruns or rework, to manage variations and claims, and to make decisions to discontinue or close projects.

Following are a portion of the operational exercises administration systems those could be useful in contributing the administration of the limitations specified in the left section:

Distinguishing the rising patterns, and Gaps is a powerful approach towards the estimation of the techniques those can drag the project towards progress.

Execution of the adjustments in smooth way: Changes are the conduct in the project and ought to be actualized inside the undertaking in way rouse them towards the set destinations and objectives.

Task assessment helps in distinguishing the proficiency and adequacy of the undertaking those should be controlled for the valuable conveyance of the project

Hazard Management helps in dealing with the effect of the dangers at the base level

Quality Management guarantees that the conveyance of the undertaking is of high value and quality

PPMP20013 Unit Profile

PPMP20013 Moodle Web site

Have you any insights you can add from other units you have studies or readings you’ve made?

Mandatory Readings

· Smith Chapters 4, 15 & 20;

Optional Readings

· Pinto, J. K. & Kharbanda, O. P. (1995);

· Diekmann, J. E. & Girard, M. (1995).

Case Study

· QBCC.

5. Demonstrate an effective, professional level of teamwork and communication and support collaborative peer group learning.

As said above, changes are constantly suitable approach towards inspiring the conveyance of the project according to the normal yield and conveyances. Notwithstanding, it has two points of view on which the whole change can be transformed into a benefit or catastrophe. Legitimate administration systems can lead towards the effective execution of the change and bring out important positive results. Then again, if the distinguished change acquires question the task conveyance it can be turned towards the lawful frameworks and courts. Consequently, thought of the successful and effective approach is most significant viewpoint in the general conveyance of this undertaking.

PPMP20013 Unit Profile

PPMP20013 Moodle Web site

Have you any insights you can add from other units you have studies or readings you’ve made?