Situational Context and Analysis of Business Analysis
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AI Summary
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
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.
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
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).
No the organization has not been optimizing its capacity to its fullest. The
organizational structure includes the processing of Mr. Juan Santamaria as the managing
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).
No the organization has not been optimizing its capacity to its fullest. 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
of efficiency, which is the main reason that implementation of the project portfolio
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
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
of efficiency, which is the main reason that implementation of the project portfolio
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
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
Contractors will be receiving after the implementation of the PMMM. Faster project
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.
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
Contractors will be receiving after the implementation of the PMMM. Faster project
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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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.
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.
ď‚· 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.
ď‚· 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
Tools and techniques
Numerous tools and techniques are applied for project portfolio management.
ď‚· 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.
ď‚· 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 aspect can 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,
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 aspect can 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
project management lifecycle, project management procedure. As per the project
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
the project should also be well stated and hence proper understanding of the entire
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
The project of road construction is made with the assistance of the Project
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
project management lifecycle, project management procedure. As per the project
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
the project should also be well stated and hence proper understanding of the entire
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
The project of road construction is made with the assistance of the Project
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
management system includes Rational or Classical model. The reasons that the
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
ď‚· The implementation of PPM starts with assessing of the PPMN abilities.
ď‚· After completion of the assessing stage, proper assessing of the stakeholders needs are
done.
ď‚· Identifying of the business objectives that will be beneficial will also be stated and
hence proper understanding of the data set will be performed.
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
management system includes Rational or Classical model. The reasons that the
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
ď‚· The implementation of PPM starts with assessing of the PPMN abilities.
ď‚· After completion of the assessing stage, proper assessing of the stakeholders needs are
done.
ď‚· 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
ď‚· After this stage, developing a team charter will also be performed. Proper
implementation of project office is made.
ď‚· Defining of the PPM implemented pathway is stated.
ď‚· Acquiring of the PPM tool will also be stated.
ď‚· 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
The main issue taken into consideration includes the fact that for gaining the
competitive advantage a drastic effect is created on 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 per the management of the data
that are generated as per the strong actions that is to be taken (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
process is put into 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
an extra communication process. Another aspect that can be taken into consideration is that
the processing of the management of the climate action is one of the major concerns of the
ď‚· After this stage, developing a team charter will also be performed. Proper
implementation of project office is made.
ď‚· Defining of the PPM implemented pathway is stated.
ď‚· Acquiring of the PPM tool will also be stated.
ď‚· 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
The main issue taken into consideration includes the fact that for gaining the
competitive advantage a drastic effect is created on 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 per the management of the data
that are generated as per the strong actions that is to be taken (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
process is put into 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
an extra communication process. Another aspect that can be taken into consideration is that
the processing of the management of the climate action is one of the major concerns of the
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road construction process. The other sustainability goals that are to be concerned as per the
management of the data that are gathered for the completion of the project includes
improving the scenario of the poverty section, diminishing the issues that are related to 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 must taken into consideration for
completion of the project and increase the sustainability of the project. Providing proper
education to the employees of the project is also important. Inclusion of the decent work and
economic growth will make sure that implementation of the entire system is performed in a
better. Life below must not be affected due to the commencing of the projects must get
performed as per the system. Climate action is one of the main aspects of the
sustainability process.
There are challenges, but the challenges are least and hence proper benefitting of the
prospect will get performed after the implementation of the sustainability criteria.
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.
road construction process. The other sustainability goals that are to be concerned as per the
management of the data that are gathered for the completion of the project includes
improving the scenario of the poverty section, diminishing the issues that are related to 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 must taken into consideration for
completion of the project and increase the sustainability of the project. Providing proper
education to the employees of the project is also important. Inclusion of the decent work and
economic growth will make sure that implementation of the entire system is performed in a
better. Life below must not be affected due to the commencing of the projects must get
performed as per the system. Climate action is one of the main aspects of the
sustainability process.
There are challenges, but the challenges are least and hence proper benefitting of the
prospect will get performed after the implementation of the sustainability criteria.
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.
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). Project management toolbox: tools and
techniques for the practicing project manager. John Wiley & Sons.
Nowak, M. (2013). Project portfolio selection using interactive approach. 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.
In Kansas 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.
Milosevic, D. Z., &Martinelli, R. J. (2016). Project management toolbox: tools and
techniques for the practicing project manager. John Wiley & Sons.
Nowak, M. (2013). Project portfolio selection using interactive approach. 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.
In Kansas 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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