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Management of Project Portfolio Management (PPM) Software

   

Added on  2019-10-18

7 Pages1297 Words162 Views
[TYPE THE COMPANY NAME]Report for the PMOdirectorBenefits and issues for the management ofproject portfolio management (PPM) softwaretool and implementation of strategic planningsoftwareStudent[Pick the date][Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.]
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1IntroductionIt is important that the manager and the team who is working on a project share common goals.If they don't work with a shared vision, the project objectives cannot be met. When two projectsare managed at the same time, the possibility of ambiguousness and mistakes increases.Therefore, it is necessary for the project manager and the team to understand the differencesbetween projects if two or more projects are implemented at the same time. The project goesthrough certain development phases and if these are made clear to the managers and executives,the control on the project can be maintained in a more efficient manner. The project life cycle forthe both the projects differs too so it is important to understand the difference between the twoprojects and the different benefits of the project. In this report, specific benefits and issues forthe management of the 2 related projects: implementation of the project portfolio management(PPM) software tool and the implementation of strategic planning software in the program willbe discussed.
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2Benefits for the management of the 2 related projects in the programThe software for strategic planning is that software that covers many topics related to businessorganization, methodologies, reporting, and modeling.This helps in the planning for the future and for strategic management. With this software, ablueprint of the entire business plan can be created both at strategic and execution level. Hence,an entire overview can be seen about everything that is required, going on in the company and iscoming together. Then the monitoring initiatives also become easier than ever.With the strategic planning software, the goals can be set for the team, and the performance canalso be tracked. With this software, the executions of the plan and objectives can be done byassigning, tracking and collaboratively conducting the tasks. It becomes easy to manage andmaintain the consistency of the performance of a team, and the members can also be heldaccountable for their tasks. The members of the team can see that what are the expectations thatthey have to fulfill and how they fit into the big picture (Dalcher, 2015). This software helps the people in the company to collaborate, and management of tasks becomeeasier. The people are clear about the work that they have to do and why they have been assignedthat particular work. Overall progress can be tracked and also, the progress of separateemployees can also be tracked (Donzelli & Donzelli, 2006). The management of Project Portfolio Management (PPM) systems helps in the planning ofschedules of the project, and it allocates the resources. In companies, there are many projects thatrun simultaneously and the staff also gets rotated so this software makes sure that appropriatestaffing is done for the projects, the budgets are allocated on time, and the activities of theproject are also delivered at right time.
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