Portfolio Management Implementation Report 2022

Running head: PORTFOLIO MANAGEMENT IMPLEMENTATION REPORT
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STUDENT NAME:
STUDENT ID:
TOPIC: PORTFOLIO MANAGEMENT IMPLEMENTATION REPORT
DATE: 16-08-2019

PORTFOLIO MANAGEMENT IMPLEMENTATION REPORT
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Executive summary
Woolworths Group has retail shops in Australia and it provides customer satisfaction in terms of
price and quality of the product. Currently, the organization has decided to implement the PPM
project portfolio management system in the business to align several changes and reach to
achieve sustainability goals. Thereby implementation of project portfolio management was
carried out. In this process, it is recognized that certain internal stakeholders were not happy with
the implementation process of PPM. The decision regarding implementing the PPM was made to
manage the project and improve the project portfolio. The report consists of the changes that
were recognized during the implementation process and the cause of resistance of change. The
main purpose of the report is to evaluate the implementation of PPM used by Woolworths.

PORTFOLIO MANAGEMENT IMPLEMENTATION REPORT
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Contents
Executive summary.................................................................................................... 2
Introduction................................................................................................................ 4
Situational context..................................................................................................... 4
Portfolio evaluation.................................................................................................... 5
Portfolio management................................................................................................ 7
Maturity levels............................................................................................................ 8
Corporate culture....................................................................................................... 9
Recommendations...................................................................................................... 9
Conclusion.................................................................................................................. 9
References............................................................................................................... 11

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Introduction
The report represents the annual review process of PPM implementation in Woolworths Group.
Several areas are covered in the report which helps to present the evaluation of the project and
the control process. Situational context is reviewed while providing information about investing
in the right project, organizational capacity, changes to be administered, etc. Portfolio evaluation
was analyzed while focusing on the method to evaluate project portfolio management,
justification of the method used and the benefits management lifecycle to be implemented.
Another aspect of portfolio management was analyzed in which the information regarding PMO
was addressed in detail. Maturity level was addressed while using PPM approach and the best
practices of using P3M3 model was assured. In the end, the corporate culture of the organization
was reviewed in detail while addressing changes and aligning business objectives in the project.
Situational context
Woolworth is investing in the right project as it mainly uses project portfolio management to
address the specific change in the business areas. The advancement in the success of the project
is expected while the report discusses the benefits of portfolio management which provides
changes in the strategies in terms of developing a key plan and using tools and techniques such
as Project Manager for project portfolio management. The overall business goals and objectives
are achieved with the help of PPM Project Portfolio Management.
The organization is optimizing its capacity while implementing PPM (Ernst, Hoyer, Krafft &
Krieger, 2011). Certain departments in the organization do not agree for the portfolio change
strategy that has been adopted. This is due to the resistance of change and implementing project
portfolio management. Reviewing project portfolio management, the business is capable of
addressing change and working on complex needs to meet and increase the maturity level of the
project portfolio management.
Woolworths is executing the project portfolio management effectively as it has achieved the
business goals and created an initiative of change that is cognizant to the corporate culture which
accounts to stakeholders interest. From the organization’s annual review process, the project
execution met the business standards as expected by the organization. PPM is not just a strategy
that is adopted by the organization while it even focuses on processes and policies that the

Running head: PORTFOLIO MANAGEMENT IMPLEMENTATION REPORT
Portfolio Management Implementation Report
Name of the Student
Name of the University
Author Note

1PORTFOLIO MANAGEMENT IMPLEMENTATION REPORT
Table of Contents
Introduction......................................................................................................................................2
Situational Context......................................................................................................................3
Portfolio Evaluation.....................................................................................................................5
Portfolio Management.................................................................................................................7
Maturity Levels............................................................................................................................8
Corporate Culture........................................................................................................................9
Conclusion.....................................................................................................................................10
References......................................................................................................................................11

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Introduction
If a project is implemented correctly according to the device Project Portfolio
Management, it has the potential to completely transform the approaches that the organization
currently possesses with regards to the management of the projects and advances the growth of
the business in a much larger aspect (Archer & Ghasemzadeh, 1999). The Project Portfolio
Management approaches ensure that the organization are able to execute its projects within the
correct execution times as predicted maintaining the consistence for the delivery of maximum
business value. Project Portfolio Management can be regarded as the primary key for a business
organization to attain the maximum level of competitive advantage to help the organizations in
making an effective decision in a timely way. Given the condition of the organization of the
GMR group, and the way it has been proposed to handle its Project Portfolio Management, it can
be clearly seen that handling all the huge megaprojects within the organization would be made
much easier with the techniques and would only add value to the organization. It had been seen
previously that the Project Portfolio Management proposal for the projects the GMR Group
handles has been accepted heartily by the executive management but there still are resistances
from the other people in the organization who would be affected by the Project Portfolio
Management proposal since it will affect their day to day operations.
The report will thus represent an investigation of the entire organization on the basis of
the situational context of the organization that would represent how the organization has been
absorbing all the changes and executing the plans according to it. Followed by this, there would
be an analysis on how the Portfolio can be evaluated on how the methodology used for the
organization is helping it to its utmost level in achieving the targets. Next would be the analysis
of the way the Project Portfolio Management is being conducted to take a look on how the

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Project Portfolio Management ensures the collective projects of an organization are allied with
the strategic objectives it has followed by the Project Portfolio Management implementation
maturity levels and the way it is affecting the Corporate Culture within the organization.
Situational Context
GMR Group is identified as one of the major organization in the industry that has its soul
focus on the market of industrial developments. Over the past 28 years since its establishments,
the organization has made rapid developments in the context of constructing jute mills at the
initial level to handling the megaprojects of constructing airports in the recent time. The
organization is associated with the construction of major and critical infrastructure development
projects in the metro cities like Delhi and Hyderabad airports (Silvius, Schipper & Planko,
2012). The current context of the organization has proven the fact that it has been developing
heightened ideas for the organization and its business process but it will require a much more
attention to the way the project is being handled, which is why the organization is looking for a
Project Portfolio Management methodology that would provide a much more balanced lookout
on the way in which the investment in these projects would be done in an effective and feasible
way benefitting the business organization.
The organization of GMR group has been so far handling airport, energy, transportations, and
urban infrastructure development projects, but recently it has bagged the development of the
entire airport at Mopa, Goa. This would be major project for the GMR Group since the entire
airport facilities would be building as a Greenfield Airport, which would be one of its kinds.
These would be brought up with the help of Integrated Passenger Terminal Buildings, Runways,
Taxiways, Rapid Exit Ways, and many others and has a tentative completion time of September
2020 (Killen, Hunt & Kleinschmidt, 2008). This is where the organization would need the