Project Management for Operators of Large Assets

Question: Discuss about the Project Management for Operators of Large Assets. Answer: Reflection In the second week, the topic was related to the project management for operators of large assets. It helped me to develop an in-depth knowledge about the topic. Further, it helped me to develop a skill how to assess and select the appropriate project. Through this course, I learnt that cost and benefit analysis is important aspect for selecting the project. Because this analysis helped the project manager to take feasible investment decisions and also provide basis to evaluate the project. Moreover, I have gained the understanding about different types of risks that incurred within the project such as implementation risks, operational risks, financial risks and revenue risks. Before this course, I had no experience about how to manage the risk but, after this course, I have learnt the logical process to manage the risk of the project. In this week, Dr. Deming quotes that Quality management is everyones responsibility (Wong). Through this, I have gained experience and information wha t management could do to address the quality. In addition, Dr. Juran states that without a standard there is no logical basis for making the decision and taking the action (Wong). Hence, I have learnt that quality improvement, quality planning, and quality control are effective for fitness of customers. During this course, from the Crosby quote, I have gained understanding that motivation and role of senior management are beneficial to meet the requirements of the project. From this course, I have gained awareness about different cost of quality such as prevention costs, appraisal costs, internal failure costs and external failure costs. Further, I have enhanced my skills in the quality management and process improvement plan that helped to meet the projects objectives. From the Taguchi Approach, I have learnt that quality can be achieved in the project by minimizing the variation from the objective of the project. From this week portfolio, I have gained my in-depth understanding about the Malcolm Baldrige National Quality Award. This award could be achieved by developing the leadership skills, strategic planning, customer and market information analysis, human resource development, process management and obtain the best quality business result. Along with this, I have gained detailed understanding about the ISO 9000s that helped project manager to develop and implement the quality standard in the project. Moreover, I have learned that project may has an adverse impact on the environment like air, water, human aspects, economic and natural resources hence, environment management is effective to successful implement t he project within the environment. During this course, I have studied the Project Management in Construction book written by Sidney Levy, which helped me to enhance my knowledge about the different skills such as team management, quality control and quality assurance, safety and another topic that necessary to project manager in construction project (Levy, 2011). It also supports me to complete the construction project on time and within the budget. After completing this course, this skill facilitates me to become a good project manager. Weekly Portfolio Learning Table Learning outcomes of the course Description of topics including reading samples Learning from your experience Supporting documentation including your prior learning Developing understanding of project justification in sound project decision making. Dr. Bernard Wongs Project Management for Operators of Large Assets Before this course, I have no idea about this but, after completion this course, I have gained my depth knowledge about the project justification of selecting the appropriate project and for taking the feasible project decision. Different skills that necessary for project manager in construction projects Sidney Levys Project Management in Construction I have developed understanding about different skills that required for project manager to complete the construction project on the time and within the budget. Sidney Levys chapter 11 https://books.google.co.in/books?id=KFx04-LIwY4Cprintsec=frontcoverdq=Sidney+Levy+-+2011+Project+Management+in+Construction,+Sixth+Editionhl=ensa=Xved=0ahUKEwizhIKp4LjOAhUIPo8KHXDs BzwQ6AEIGzAA#v=onepageq=Sidney%20Levy%20-%202011%20Project%20Management%20in%20Construction%2C%20Sixth%20Editionf=false References Levy S. M. (2011) Project Management in Construction, 6th Edition. USA: McGraw-Hill. Wong, B. Project Management for Operators of Large Assets. [Online]. Available at..