Situational Context and Analysis of Business Analysis
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This report discusses the situational context and analysis of business analysis, including portfolio evaluation, tools and techniques, maturity levels, and corporate culture.
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Name of the Student: SHAIK AZEEM Student ID: 00211933T Facilitator: LUKE WEBSTER TORRENS UNIVERSITY AUSTRALIA
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1 Executive Summary This report will discuss about the situational context and analysis of the business analysis. Portfolio evaluation is one of the main aspect that will be discussed in this report. Tools and technique will also be stated in the report. Maturity levels are also very well discussed in the project. Discussion regarding corporate culture is also stated in the report.
2 Table of Contents Introduction................................................................................................................................2 Situational context and evaluation.........................................................................................2 Portfolio Evaluation...............................................................................................................3 Portfolio management............................................................................................................5 Tools and techniques..........................................................................................................6 Maturity levels.......................................................................................................................6 Scope for improvement......................................................................................................8 Economic efficiency and environmental performance......................................................8 Development of the Plan....................................................................................................9 Implementation of project portfolio management..............................................................9 Corporate Culture.................................................................................................................10 Sustainability criteria.......................................................................................................10 Conclusion................................................................................................................................11 References................................................................................................................................13
3 Introduction Project portfolio management is considered to be a practice that enhances the selection and investigation of the programs that are premium for the organization. the premium projects are considered as the projects that helps in defining the objective and scope of the project. This process of performing portfolio management is performed with the help of the resources that are available. The main focus of the project portfolio management is to provide a senior leadership discipline as per the strategic data that will be performed as per the selection and optimization of the business value. Project portfolio management is considered to be a centralized system and hence the processing of the resource mix for the delivery of the scheduled activities. CPB contractors is a belonging of CIMIC group. The functional processing of the CPB contractors are enhanced in the vivid locations of Australia, India, New Zealand, Papua New Guinea and Asia. Constructing roads, rails building and other gas projects, defense and tunneling are the major aspects that is taken into consideration of the CPB contractors. Construction of road in between Devil Pulpit and Richmond river. The entire project cost is considered to be 365 million dollars. Disruption of the project will be enhanced with the help of the traffic management system. Situational context and evaluation Yes the organization have been investing properly in the projects that will be providing with proper benefits and hence better understanding of the projects have been getting performed in a manner that will provide better earning scope (Chong & Preece 2014). Notheorganizationhasnotbeenoptimizingitscapacitytoitsfullest.The organizational structure includes the processing of Mr. Juan Santamaria as the managing
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4 directors. Mr. Stuart Charlton has also been one of the major stakeholders as he has been the chief Financial Officer. Mr. Jean Paul Wallace has been the general counsel of the business organization. Developing of strategy has been one if the major as the usage of the process will enhance proper disciplined approach. Developing of the strategy is performed as per the sustainable returns of the stakeholders and building and hence proper processing of the reward and hence properly communicate as per the completion of the complimentary uncompromising of the focus. The organization have been executing the tasks in a proper manner but there is a lack ofefficiency,whichisthemainreasonthatimplementationoftheprojectportfolio management methodology will be implemented. Yes the organization is capable of absorbing the changes that will be implemented in the processing of the data terminology and hence better processing of the data management will be performed as per the processing of the project portfolio management. This insists the fact that processing of the business management will get performed in a better manner (Kaiser, El Arbi & Ahlemann 2015). The organization at this point is not having a proper understanding of the benefits that will be enjoyed due to the implementation of the project management maturity model. This report will be helping in convincing of the organization and hence this will be performing the business processing and this will ensure the fact that the benefits will be well analyzed and hence proper understanding of the data management processing will be performed. Portfolio Evaluation The tool of portfolio visualizer can be chosen for better evaluation of the project management tool that will be implemented includes the fact that proper understanding of the accuracy of the tool that is recommended will be tested. After proposing the testing if the
5 accuracy of the output received is high, the tool will get accepted (Johansson & Kriström 2018). With the help of the portfolio visualizer the main benefit that will be received include performing of Backtest Portfolio (Johansson & Kriström 2018). This system will ensure proper checking of the comparison of the historical and realized returns can be performed. Factor Analysis is also performed with the help of the portfolio visualizer. Run regression is performed as per portfolio analyzing return of market size. Asset analytics is also performed as per the processing of asset classes, style and risk adjusted performances. Monte Carlo Simulation is also performed with the help of the tool. Portfolio Optimization is also performed with the help of this tool. Advantage of the chosen model over others Advantage of the chosen project management maturity model over other project portfolio management technology helps in improving the visibility and controlling of the performance. The predictability of the output have been another aspect that increases the efficiency of the project output. Increasing the realized profitability has been one of the major aspect that provides better analyzing of the data sets (Rajablu, Marthandan &Yusoff 2015). Challenges that the business organization might face The challenges that might be faced in the processing of the data processing system includes commencement of no downside protection. This might affect the functioning of the business processing. Another challenge that is present is over diversification (Van Deventer, Imai & Mesler 2013). Implementation of benefits
6 The benefits will be incorporated in the process after the plan is sanctioned ad hence this will increase the benefits of the project. The need of PPM in project management is due to the fact that the accuracy in the decision making process gets higher. Better visibility of the data as per management of data is considered as per the major prospect of the tactical bottoms up perspective or the top down perspective (Imbierowicz & Rauch 2014). Having an access to the past project metrics, better provisioning of the prediction process get performed in a manner that will ensure better understanding of the data management system. Performing of the risk management is also considered as one of the major aspects that will help in provisioning of better understanding of the system. Lessening of risks that might occur is one of the major benefits that CPB Contractorswillbereceivingaftertheimplementationof thePMMM.Fasterproject completion process is also another benefit that is enjoyed due to the processing of the management of the system. Implementation of the PMMM helps in avoiding and mitigating issues that are related to the alignment of the strategies, limitations that are present in the technical aspect of the entire system (Milosevic & Martinelli 2016). With proper performing of the risk management during the initiation phase proper estimating of the risks that are present can be calculated. This will help in completion of the project in a better manner and in an estimated time. In case the estimation process gets performed and resources that will be required are estimated processing of project completion gets easier and hence completion of the project process gets easier. The entire process of analyzing gets performed in a faster rate and hence proper understanding of the time that is required can be calculated. Hence scheduling process will get accurate and completion of the project will be done within the estimated time.
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7 Portfolio management With the help of the PPM, the main concern that is present includes better processing of the evaluating, prioritizing and selecting of projects as per the strategy of the business. As per the dynamic turbulence gets benefitted by the portfolio management and has been achieving excellent competitive advantage of the sustainability. Proper designing of the business strategy will be performed and hence proper aligning of the project management system will be performed. Yes project management office is used in the commencing of the data administration of the entire professional administration system. This is one of the key reason that processing of the data that that are important for the processing gets performed in a better manner. The alternate option that can be used is project portfolio management (Rajablu, Marthandan &Yusoff 2015). Yes project management office is introduced in the organization. The role that is played by the project management system includes proper processing of the scheduling and budgeting process. With the help of proper scheduling and budgeting includes the fact that the project that is to be completed will be having an estimated outcome. This proper estimation of the entire scenario includes the fact that proper management gets performed (Jugend & da Silva 2014). ProofHub and Scoro can be treated as the alternatives of project management too. The goals that are stated in the above process must act as the selection criteria for the other projects that are to be conducted. Surveys, interviews, Focus groups, SWOT analysis acts as tools that will be providing proper understanding of the business management.
8 Tools and techniques Numerous tools and techniques are applied for project portfolio management. Gap Analysis: Gap analysis is performed as per the comparison in between the actual performance that will be performed as per the potential and desired performance. This is performed as per the analysis of the desired future state. As per CPB Contractor, Gap analysis can be used in the section of the cost control, employee satisfaction, and market competitive analysis and developing of the technical skills. The main aspect that is considered by the Gap analysis tools includes a brief comparison in between the present vision of the system and the expected vision of the system. This will help in identifying the changes that are to be made. Usage of roadmap can also be beneficial. The main reason of the dispensation of the statistics management system includes the fact that better analysis of the initial level of maturity is performed. with the help of the usage of the roadmap, the main advantages that is enjoyed includes the fact that better functioning of the steps that are important in the commencing of the project management is stated and hence proper understanding of the business processing is performed (Johansson & Kriström 2018). Maturity levels This organization will function properly at level 3 of the maturity model levels. As per the project management maturity model, in case of a very well managed project organization scheme the key concern that is present includes the fact that better understanding of the work flow can be well understood. This guarantees the detail that better processing of the data management system as well as the checking of the scope of the project that requires improvement. This enhancement of the issue finding and resolving makes this process a successful terminology that has been accepted by the business administration
9 system. The venture administration maturity model is divided in 5 headings, namely level 1, the Initial process, Level 2, Structured process and standards, Level 3, organization standards, Level 4: Managed and Level 5 is considered as the Optimized state. This inclusion of the 5 level of development administration maturity model will help the CPV contractors to properly understand the processing of the risk management, proper defining of the scope, tracking the usage of the resources that will be required for the dispensation of the data administration system. Determining of the additional factors are also included in this process for better understanding of the business management system (Nowak 2013). As per the level 1 (Initial process), it can be stated that the processing of the CPB contractors will be having a better understanding of the system that will enhance the processing of the gaining success will not be possible in the initial stages of the project of road construction project (Sims 2016).The aspectcan be considered includes the fact that proper understanding of the functioning can be made but processing of the management of the entire success factor will not remain constant in the initial stages. As per the level 2, Structured process and standard, it can be stated that the processing of the business management of CPB Contractors, which is performed as per a certain project management basis and hence the success of the project that is undertaken by them will get integrated as per structured level that is adhered by the CPB Contractors (Drehmann & Nikolaou 2013). As per the level 3, CPB Contractors will be having a particular set of well-defined project management procedures. A separate and distinct set of tools are used for the bettering of the data management system. This is one of the main aspects that proper understanding of the system is performed as per the organizational level. The project management procedures that can be used in the system includes implementation of the business case financial model,
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10 projectmanagementlifecycle,projectmanagementprocedure.Aspertheproject management procedures that are to be implemented includes relating of the policies with the application of the project that is undertaken by the project management system. Purpose of theprojectshouldalsobewellstatedandhenceproperunderstandingoftheentire terminology will get effected in a positive manner. Proper defining of the scope will also be important for the CPB Contractors (Bhargava et al, 2013). The project phases that will be present during the execution of the road construction project, comprises of the pre initiation stage that is concerned with the processing of the problems that it might face. Determining of the business size and the prospect understanding of the project seizing guidelines and implication of the governance structure. The governance structure that can be implemented in case of the CPB contractors includes the policy governance board. This model is considered to be one of the formal models that is used in the business organizations that emphasized on the functioning of the policy development. Scope for improvement TheprojectofroadconstructionismadewiththeassistanceoftheProject Management Maturity Model terminology. With the help of the implementation of the system administration maturity model the scope the improvement is very high. This high scope of improvement has been the main reason of that implementation of the PMMM is recommended for CPB Contractors. Economic efficiency and environmental performance The issues that are present in the functional process of the system can be resolved by the implementation of the integration of the PPM. With the help of the PPM the main advantage that is incurred includes alignment of business goals that will be essential in completion and execution of the project. With the help of the integration of the PPM a better
11 insight of the executive level can be arranged. Allocation of resources can also be performed. As the data gathering ad storing the same gets easier and hence dispensation of the data administration can be made (Crawford 2014). Development of the Plan The decision-making model that will be implemented in the processing of the managementsystemincludesRationalorClassicalmodel.Thereasonsthatthe implementation of the Rational decision making is performed includes clear definition of the problems that are present in the system. The objectives that are present are clearly defined which helps in better setting of the goal. The weights of the criterions are well agreed with all the stakeholders. And hence acceptance of the criteria of the project is universal. Another aspect that is taken into consideration is that the functioning of the system is performed as per the multiple options that are available and proper understanding of the enhanced procedure will be provided. The consequences of the options are also stated in this model. This helps in proper predicting. Biasing of the problem recognition is not present. PPM is also considered as a decision-making strategy as with the help of the PPM, performing of the risk matrix can be performed. Hence decision making gets easier and efficient with this strategy. This strategy can also be implemented by the CPB Contractors. Implementation of project portfolio management The implementation of PPM starts with assessing of the PPMN abilities. After completion of the assessing stage, proper assessing of the stakeholders needs are done. Identifying of the business objectives that will be beneficial will also be stated and hence proper understanding of the data set will be performed.
12 Afterthisstage,developingateamcharterwillalsobeperformed.Proper implementation of project office is made. Defining of the PPM implemented pathway is stated. Acquiring of the PPM tool will also be stated. Performing of the Pilot test is also performed along with the roll it out (Beckers et al, 2013). Corporate Culture Corporate culture is mainly focused with the functional process of the HR Director, technology manager, facility manager and the accountant. On proper functioning of this processes the main benefit that will be gained includes better commencing of the corporate culture. Corporate culture is mainly required for better management of the tasks that are performed gets better and hence functional prospect gets better. Sustainability criteria Themainissuetakenintoconsiderationincludesthefactthatforgainingthe competitive advantage a drastic effectis createdon the long-term viability of the project. In this project of road constructing process, the main concern that is present includes the fact that processing of the data management will be performed as perthe management ofthe data thatare generatedas per the strong actions that isto betaken (Alkhafaji, A., & Nelson, R. A. 2013). This sustainability arises, not because there is a lack of commitment on the execution process. Hence an obvious dilemma arises, leading to the fact that better sustainability processis putinto focus.The sustainability goals that are well suited as per the road construction process includes the fact that better tracking of the financial growth due to anextracommunication process.Another aspect thatcan betaken into consideration is that the processing ofthe management ofthe climate action is one of the major concerns of the
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13 road construction process. The other sustainability goals that areto beconcerned as per the managementofthedatathataregatheredforthecompletionoftheprojectincludes improving the scenario of the poverty section, diminishing the issues thatare relatedto the processing of the project (Chong & Preece 2014). Zero hunger is one of the major aspects that implementation of the Good health and life is a musttakeninto consideration for completion of the project and increasethe sustainability ofthe project. Providing proper education to the employees of the project is also important. Inclusion of the decent work and economic growth willmake surethat implementation of the entire systemis performedin a better. Life belowmust not beaffected due to the commencing of the projects must get performedasperthesystem.Climateactionisoneofthemainaspectsofthe sustainabilityprocess. There are challenges, but the challenges are least and hence proper benefitting of the prospect will get performed afterthe implementation ofthe sustainabilitycriteria. Conclusion From the above discussion, it can be concluded that implementation of PMMM has been benefitting the functionality of the work process and this ensures the fact that proper functioning of the management process is performed as per the data processing system. This ensures that the functional process that is implemented gets performed in a proper manner. Efficiency of the business management of CPB Corporate is expected to increase after the completion of the execution system. With the implementation of PMMM in the business processing, better execution of the business management can be performed.
14 References Alkhafaji, A., & Nelson, R. A. (2013).Strategic management: formulation, implementation, and control in a dynamic environment. Routledge. Beckers, F., Chiara, N., Flesch, A., Maly, J., Silva, E., &Stegemann, U. (2013). A risk- management approach to a successful infrastructure project.Mckinsey Work. Pap. Risk, (52), 18. Bhargava, N., Sharma, G., Bhargava, R., &Mathuria, M. (2013). Decision tree analysis on j48 algorithm for data mining.Proceedings of International Journal of Advanced Research in Computer Science and Software Engineering,3(6). Chong, H. Y., & Preece, C. N. (2014). Improving construction procurement systems using organizational strategies.Acta Polytechnica Hungarica,11(1), 5-20. Cleden, D. (2017).Managing project uncertainty. Routledge. Crawford, J. K. (2014).Project management maturity model. Auerbach Publications. Drehmann, M., & Nikolaou, K. (2013). Funding liquidity risk: definition and measurement. Journal of Banking & Finance,37(7), 2173-2182. Imbierowicz, B., & Rauch, C. (2014). The relationship between liquidity risk and credit risk in banks.Journal of Banking & Finance,40, 242-256. Johansson, P. O., & Kriström, B. (2018).Cost-benefit analysis. Cambridge University Press. Kaiser, M. G., El Arbi, F., & Ahlemann, F. (2015). Successful project portfolio management beyond project selection techniques: Understanding the role of structural alignment. International Journal of Project Management, 33(1), 126-139.
15 Milosevic,D.Z.,&Martinelli,R.J.(2016).Projectmanagementtoolbox:toolsand techniques for the practicing project manager. John Wiley & Sons. Nowak,M.(2013).Projectportfolioselectionusinginteractiveapproach.Procedia Engineering,57,814-822. mapping- Jugend, D., & da Silva, S. L. (2014). Product-portfolio management: A framework based on Methods, Organization, and Strategy. Concurrent Engineering, 22(1), 17-28. Rajablu, M., Marthandan, G., &Yusoff, W. F. W. (2015). Managing for stakeholders: The role of stakeholder-based management in project success.Asian Social Science,11(3), 111. Rubinstein, R. Y., &Kroese, D. P. (2016).Simulation and the Monte Carlo method(Vol. 10). John Wiley & Sons. Sims, C. A. (2016, August). Fiscal policy, monetary policy and central bank independence. InKansas Citi Fed Jackson Hole Conference. Van Deventer, D. R., Imai, K., &Mesler, M. (2013).Advanced financial risk management: tools and techniques for integrated credit risk and interest rate risk management. John Wiley & Sons.
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