Weekly Portfolio Learning Table
Topic and reading samples.
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Your personal learning outcomes from this unit.
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Learnings from your experience.
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Week 1
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Success of a project is directly proportional to the contribution made by the heads of the project
Kerzner (2013) explained the success of a project can be measured through the actions undertaken by three group members including customer’s organization, parent organization, and parent organization
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I am associated with an organization that does not have any PMO however; effectively team members are managing the operational activities within the organization. I identified that there is a fine line of difference between the favorable selection and continued business for the proposed tender.
The actions explained by the Kerzner within a project management include the project initiation, planning, execution, and control and monitor, and project closure. These approaches and phases will be helpful in executing the project in proper managerial way that can be helpful in managing the constraints of the project. The project manager plays the most crucial role in the execution and delivery of the project. The main objectives of the project include the above mentioned phases and the project manager have to develop the project plan, execute the plan and continuously monitor and audit the changes those need to be implemented in manner to keep the project on track. The success factor of the project is the direct result of the effort provided by the project manager within the project.
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Week 2
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The facts learnt in the previous class are the major constraints of the project that even if the manager fails in single constraint, the whole project will be moved towards the failure.
Proper and effective implementation of the OPM can be helpful for the organization in manner to relate the objectives and goals of the project with the program, PM practices and principles, portfolio and program.
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I learnt the negative factors of the project those are capable of sinking the project and single project constraint can affect the whole project. Despite of these factors, the project could be delivered successfully through the application of the proper and effective tools and techniques such as portfolio management, Project Scheduling using Gantt Chart, using MS project, checklist, and others. I learnt about the stakeholder analysis that depicts how to identify the roles and responsibilities of the stakeholders, how can I deliver an effective communication between other team members and executives. Requirement analysis was another phase of the project that emphasizes on the identification of the functional and non-functional requirements of the project. Cost analysis, HR, Risk, Change management, Procurement, and quality were also included in this learning. This guide helped and assisted me towards the identification of the scope of the project. I learnt about these facts and interrelation between the Organizational Project Management in manner to enhance the performance of the organization.
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Week 3
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PMP code of Ethics
I learnt about the various practices that can be helpful in enhancing the professional development within a project as a manager and what are the possible and effective approaches towards problem solving attitude.
These practices can enhance an individual’s personality. I also get to know about the importance of Staffing and how it could be an effective measure for the organizational development
Project manager should be capable of handling the every aspect of the project through proper and effective managerial and leadership skills.
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The workforce within a project is completely dependent on the project manager and he or she has the skills to communicate with everyone and managed everyone to be motivated towards objectives and goals of the project the best practices according to me for the management of the work force are the cost saving realization, subcontractor evaluation, and experienced gained from the previous projects
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Week 4
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I learnt how to prepare a proposal for the accomplishment of the objectives and activities of the project that will be specifying the roles, responsibilities, schedule, and sectors of the individuals involved in the project. I learnt the preparation of the WBS, prepare the schedule of the project, set milestones, depict milestones, and determine the resources and their needs.
I learnt about the risk assessment process including the identification, implementation, monitoring and changes, those steps could be helpful in ensuring the growth and development of the project in an effective and efficient manner.
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The constraints of the project can be efficiently and effectively deliver within the context of the project. However, uncertainties are the shadow of the project execution those could be predicted in the prior of the project execution that makes it the most necessary component for the project. Considering the previous learnings, this sector was very crucial and could be accomplished in an effective and efficient manner if project is undertaken by an experienced or professional project manager
Auditing, monitoring, and changes are the major key success factor for any project that needs to be delivered whenever there is chance for the improvement in the project. Practical experiences also helpful for the expectations those need to be implemented during the accomplishment of these objectives within the project. Understanding the scope and having a detailed specification will set the expectation of the product or service to be delivered. “I have experienced firsthand when engaging contractors that my expectations of the completed product differs from the outcome. Normally a contractor will only deliver as per the quoted specification (Kerzner 2013).”
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References
Kerzner, H. and Kerzner, H.R., 2017. Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Harrison, F. and Lock, D., 2017. Advanced project management: a structured approach. Routledge.
Harrison, F. and Lock, D., 2017. Advanced project management: a structured approach. Routledge.
Kerzner, H., 2018. Project management best practices: Achieving global excellence. John Wiley & Sons.
Joseph. Phillips, P.M.P., Cbap, I. And Pmp, C., 2018. Pmp Project Management Professional Study Guide. Mcgraw-Hill Education.
Heldman, K., 2018. PMP: project management professional exam study guide. John Wiley & Sons.
Kiu, M.S., Riazi, M., Riazi, S., Nawi, M., Nasrun, M. and Esa, M., 2017. The roles, challenges & improvement of project manager in project financial management in building development in Penang, Malaysia. International Journal of Supply Chain Management (IJSCM), 6(1), pp.238-245.
Heldman, K., 2018. PMP: project management professional exam study guide. John Wiley & Sons.