Project Portfolio Justifiii

RUNNING HEAD: PORTFOLIO MANAGEMENT
1
PORTFOLIO MANAGEMENT
Student Name
Institute Name

PORTFOLIO MANAGEMENT 2
Contents
Introduction......................................................................................................................................4
Situational Context..........................................................................................................................4
Organization investment..............................................................................................................4
Organization optimization............................................................................................................5
Organization execution................................................................................................................5
Ability to absorb changes.............................................................................................................6
Organization execution on promised benefits..............................................................................6
Portfolio evaluation.........................................................................................................................6
Methods used to evaluate project portfolio..................................................................................6
Justification of practicing chosen method....................................................................................8
Challenges in operating in global environment by using chosen method....................................8
Significance of management lifecycle in the evaluation process................................................8
Portfolio Management.....................................................................................................................9
Methods to ensure that collective projects of organization are aligning with strategic objective
......................................................................................................................................................9
Significance of project management office in the organization..................................................9
Quantitative and qualitative tools used in organization to manage project portfolio................10
Maturity levels...............................................................................................................................10
Maturity level for Multiplex Construction Australia.................................................................10

PORTFOLIO MANAGEMENT 3
Key best practices to improve the maturity level and right model for it...................................11
How to implement changes and assistance required from Multiplex Construction Australia...11
Corporate culture...........................................................................................................................12
Corporate culture of Multiplex Construction Australia.............................................................12
Change management initiative taken by Multiplex Construction Australia..............................12
Aspects of corporate culture that will support project portfolio management and its
sustainability criteria..................................................................................................................12
Challenge in getting project portfolio management and its sustainability criteria taken up by
Multiplex Construction Australia...............................................................................................13
Conclusion.....................................................................................................................................13
Reference.......................................................................................................................................15

PORTFOLIO MANAGEMENT 4
Introduction
The report will discuss in detail about the significance of portfolio management in an
organization and its successful implementation. Large companies do not have the luxury to treat
the project in an isolated manner. Since there are hundreds of projects in operations at point of
time, a more strategic kind of approach in the management of portfolio is important in order to
sideline any kind of duplicate efforts with number of complex and conflicting issues and
challenges in allocating the resources (Kaiser et al, 2015). The report will discuss in detail about
the Multiplex Construction Australia. This company is considered as one of the leading and
global construction company and headquarter of the company is in Sydney, Australia. The
company is an international company and the operations are expanded in places like India,
Australia, Europe, Canada and The Middle East.
Situational Context
Organization investment
As per the analysis, the Multiplex Construction company has been able to propose the
acquisition of Multiplex which valued the company at $7.3 billion. The offer that has been given
by Brookfield to the shareholders is $5.05 per security. Here, there are other remaining 10% of
the Multiplex securities and the delisted company formats from the ASX. The company focus on
building the skills and the capability of the people which focus on the innovation and
collaboration. The investments are settled with the property subject where the current processes
are based on resolving all the outstanding commercial issues.