SBM1203 Venture/Project Economics And Finance: Reflective Learning Journal Assessment 2 Answer

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Asia Pacific International College (APIC)Unit Code and Title: SBM1203 Venture/Project Economics and FinanceAssessment 2: Reflective Learning Journal (A and B)

Word count / Time
400-500 words
Weighting:10% each reflective journal (total 20%)
Unit Learning Outcomes:ULO-1, ULO-2

In this assignment (Reflective Learning Journal) you are required to think deeply and write about your learning experience and the topic (s) content you have learned over the past weeks.

You are required to write two reflective journal entries one about your learning experience and the topic (s) you learned in (Week 6 and Week 7) that is Reflective Journal (A) and it is due on Sunday of Week 7, and one about your learning experience and the topic (s) you learned in (Week 8 and Week

  1. that is Reflective Journal (B) and it is due on Sunday of Week 9.

It is recommended to visit the SLS page for more information about this type of assessment via this link

In writing you reflective learning journal, you will need to follow the following strategy to write your journal entry:

DIEP (Describe, Interpret, Evaluate, Plan) Strategy. Source: (RMIT University–adapted from Boud, D 1985, Reflection: Turning Experience into Learning)

See attached file for explanation of each criterion in DIEP

Mainly you need to select one of the main topics discussed in week 6 and week 7 and write your reflection on the selected topic.

You required to write 400-500 words to describe your learning experience. You can use the following questions to guide your writing entry:

  • What did I read for this topic, apart from the notes? (Include information and references from a range of sources)
  • What was the most interesting thing I read for this topic - why was that?
  • What material didn’t I find interesting – why was that?
  • What did I previously think was true, but now know to be wrong?
  • What did we not cover that I expected we should?
  • What have I changed my mind about as a result of this topic?
  • What is one thing I learned in this topic that I may be able to use in future?
  • What am I still unsure about? What would I like to learn more about?
  • What issues(s) interested me and would I like to study in more detail?
  • What are my ideas for action, based on this topic? You can use the following example as reference:
This week’s recommended reading on resource management and planning presented the idea of collect requirements through questioning to clarify the client needs and to establish the project’s work breakdown structure (WBS) (Smith 2019). The article gave a real-life example of this concept whereby groups of five people were asked to build a tower from straws. The facilitator said it would be judged in terms of strength, eight, and how aesthetically pleasing it was. Each group did the task cooperatively and finished it in the prescribed time. However, the facilitator pointed out that all groups built the tower without much attention to project management techniques in terms of asking clients for clarification for planning, resources allocation and so on. No group had asked a single question about the purpose, constraints, resources or stakeholder needs. The group
displayed what is commonly described as ‘groupthink’ (Ahmed & Lee 2015; Jones 2016).
This example illustrated to me a critical aspect of project management.
The insight Describe
Understanding the importance of clarification is key to my understanding of project management. It strengthens my use of PM tools and techniques. Asking and clarifying questions about different types of resources in a project (work, equipment, materials) allows project managers to identify what resources are needed for project effectiveness (PMI 2017).When we want to designate who or what is accountable for accomplishing tasks in our project schedule I can use PM tools to assign tasks and responsibilities. All this is
possible only if requirements are clarified through questions.
A major benefit of understanding the critical role of questioning in project management is that it might give me more confidence about asking questions. It changes my view of questioning government authorities. In my job as a project manager in the reserve bank in Phnom Penh I traditionally would not feel able to question my superiors in these projects. I would try to establish the requirements and resources in some other way. I thought I could avoid asking questions by transferring lessons learned from one situation to another. I could do this by using a framework as a predictive aid to resourcing (Crawford & Pollack 2014).
But now I feel I am required by my position to determine the dimensions and resources of a project. Knowing the role of questioning to achieve objective clarity for a specific purpose is very valuable for me to give me confidence in my position as a project manager in
government projects.
believe this new understanding will be useful throughout my degree and in my future professional and private life. In my degree studies, I will endeavour to clarify the critical aspects of project planning by using a questioning technique that allows for understanding objective dimensions, and also any subjective aspects. In my practice as a project manager in Cambodia I will use questioning to clarify the project goals and objectives with all
stakeholders. In my life I will question my own assumptions about what is expected of me before I jump in (and build any more towers).

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