ppmp 20013 consolidated portfoilio

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 11 & 12;

· Australian Contractors Association (ACA) Relationship Contracting;

Optional Readings

· BMA's Caval Ridge Mine;

· Adani Mining Pty Ltd Carmichael Coal Mine and Rail Project;

Case Study

· Enhanced instructions and grading criteria.

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

Thera are many important processes in the project management or the portfolio management right from the initiation of the project to the closure of the project. All theprocesses in project management are monitored by the manager or management. Development of work breakdown schedule (WBS), controlling the project activities, defining the scope of the project and ensuring the availability of required resources are few of the significant aspects of the project management.

Ketokivi, M., & Choi, T. Y. (2014).

Mandatory Readings

· Smith Chapters 11 & 12;

· Australian Contractors Association (ACA) Relationship Contracting;

Optional Readings

· BMA's Caval Ridge Mine;

· Adani Mining Pty Ltd Carmichael Coal Mine and Rail Project;

Case Study

· Enhanced instructions and grading criteria.

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.

One of the best strategies applied in the project management for developing, improving or maintaining the current facilities in the organization is the implementation of continuous improvementplan in the project. The continuous improvement plan is not only involved in ensuring the appropriate work facilities in the organization but also used as the technology in the process of justifying the project.

Mandatory Readings

· Smith Chapters 11 & 12;

· Australian Contractors Association (ACA) Relationship Contracting;

Optional Readings

· BMA's Caval Ridge Mine;

· Adani Mining Pty Ltd Carmichael Coal Mine and Rail Project;

Case Study

· Enhanced instructions and grading criteria.

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.

The cost-benefit ratio is a significant process or method applied in the justification of the project. Through the cost-benefit ratio, the project is justified if the value of the benefits of the project is more than the value of costs in the project and vice versa. i.e., the project is not justified when the value of benefits is less than the value of costs in the project.

Mandatory Readings

· Smith Chapters 11 & 12;

· Australian Contractors Association (ACA) Relationship Contracting;

Optional Readings

· BMA's Caval Ridge Mine;

· Adani Mining Pty Ltd Carmichael Coal Mine and Rail Project;

Case Study

· Enhanced instructions and grading criteria.

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.

The quality management of as organization describes the quality process and procedure in the organization. Few of the popular quality management strategies are the elemental approach, the mentoring approach and the organizational model approach. Alone with quality management, safety management in also important in the field of project management. Some of the strategies in safety management are acting as per situation, aligning work with safety measures and monitoring the compliance issues in the project.

Ingason, H. T., &Jónasson, H. I. (2015).

Mandatory Readings

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

The business of the organization will always be enhanced the good team work in the organization. The tam members in the professional team will work giving the priority to fulfil the organization goals more than fulfilling their personal goals. The important feature required to be possessed by the team members in order to make the team effective and professional is the effective communication.