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Portfolio Management Implementation Report Assignment PDF

   

Added on  2021-01-01

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Portfolio ManagementImplementation Report

Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................3Situational Context......................................................................................................................3Portfolio evaluation.....................................................................................................................4Portfolio management ................................................................................................................7Maturity Levels...........................................................................................................................8Corporate Culture........................................................................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12

INTRODUCTIONPortfolio management is an art of making effective decision in order to minimize the riskwhich is involved at the time of investing, which eventually helps in making profit. It aims atselecting the projects which are best to meet the organizational goals and objectives of thecompany. Lend lease group is a multinational infrastructure, property, construction and real estatecompany. It was founded in the year 1958 and is headquartered in Barangaroo, Sydney,Australia. This report will highlight the strategic value and importance of project portfoliomanagement and project management. It also include project management life cycle, changemanagement, project office, resource management and organizational change. It alsodemonstrate project portfolio management techniques, tools and processes. Furthermore, thisreport critically evaluate implementation of project portfolio management in range oforganizations. MAIN BODYSituational ContextIs the organisation investing in the right projects?Lend lease group focus on investing in real estate, property, construction andinfrastructure. They aim to invest in projects on various platforms like Europe, Australia andAsia (ABOUT INVESTMENT MANAGEMENT, 2019). For example: The new projects in which they invest are Melbourne Metro, Caulified toDandenong Level Crossing Removal Project (Victoria), Northern Road Upgrade(New SouthWales), Western Sydney Airport (New South Wales), Kingsford Smith Drive (Queensland). Is the organisation optimising its capacity?Lend lease group is effectively optimizing the capacity, as they are investing in variousprojects which leads to higher operational efficiency and profitability of the business. This groupfocus on its guiding principles which mainly includes health and safety, consumer oriented,sustainability, diversity and inclusion (Abbasi, & Jaafari (2018)). They focus on responsible

property investment by effectively and optimally utilizing the resources which helps in attainingorganizational goals and objectives (Abubakar & et.al., (2018)). How well is the organisation executing?Lend lease group focus on effectively executing the plan which helps in attaining higherorganizational goals and objective for long term sustainable growth and development of thebusiness. Lend lease group focus on considering environmental, governance and social factorswhich is an integral part for project portfolio management (Bredillet, Tywoniak, & Tootoonchy(2018)). Can the organisation absorb all the changes?Lend lease group can effectively absorb all the changes, so that organization goals andobjectives can be reached which leads to higher operational efficiency, performance andproductivity. Is the organisation realising the promised benefits?Lend lease group focus is realizing the promised benefits by continually developingtowards growth, with increasing productivity and implementing advanced technology whichleads to higher operational efficiency and enhancing capability to build critical infrastructureprojects (Alves., & Gonçalves, (2018)).Portfolio evaluationAssessment of methods used by organization to evaluate overall project portfolio.Waterfall project management model: It is an effective linear process to carry out the project inan effective manner which helps in accomplishing the project in a systematic manner.1.Requirement and gathering documentation: it is comprehensive process which helps ineffectively gathering information and implementing strategies to carry out the workeffectively. It helps in clearly defining the requirements to carry out the projecteffectively. 2.System design: It helps in designing the structure, create diagrams, choose technologyand plan software architecture (Bredillet, Tywoniak, & Tootoonchy (2018)).

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