Project Management: Mastering Portfolios and Programs
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Added on 2023/01/19
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This document discusses the experiences with programs and portfolios, the role played as a project manager, and understanding of the PMI Talent Triangle. It also reflects upon survey results and highlights the importance of leadership, strategic business management, and technology in project management.
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Running head: PROJECT MANAGEMENT: MASTERING PORTFOLIOS AND PROGRAMS PROJECT MANAGEMENT: MASTERING PORTFOLIOS AND PROGRAMS Name of the Student Name of the University
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1 PROJECT MANAGEMENT: MASTERING PORTFOLIOS AND PROGRAMS 1. Describe what experiences you have had with programs and portfolios to date? What role did you play? I played the role of a project manager in this program. As a project manager, I learned to manage time effectively so that it can turn out to be beneficial for the organization. While conductingprogramsandportfoliosasaprojectmanagerIhavedevelopedeffective communication skills so that it can help me in the time of managing my team members. While conductingprogramsandportfoliosasaprojectmanagerIhavedevelopedefficient communication skills so that it can help me in the time of managing my team members. Moreover with time I have also learned better interpersonal skills that will provide a better support towards the project I am working with. In addition to this, after conducting effective survey I have able to develop better understanding quality that will help in resolving the conflicts.The main quality that is important for every project manager is the ability to interact proactively with every team member in a way that all the issue taking place at the time of execution can be resolved easily.It is equally important to address all the concerns faced by team members. A project leader is the one who takes initiative for the project and ensures that the project is being completed based on the requirements provided by the client.In addition to this it is important to have a better communication skill that will help in developing the project in an effective way and will also ensure better management of the resources. After performing portfolios it becomes easy to understand the thinking of the maximum number of people. The decision-making ability also ensures an effective way of managing the project. While managing a project it becomes important to maintain integrity and honesty towards the team member. This ensures that the project is being delivered to the desired client within time.
2 PROJECT MANAGEMENT: MASTERING PORTFOLIOS AND PROGRAMS 2. Discuss your understanding of the PMI Talent Triangle - and briefly reflect upon your survey results. PMI talent triangle is referred to process that is present in the CCR program. The discussed process helps in developing the skills of every person related to any kind of project from different perspectives.The major components of PMI triangles are technical project management, strategic business management, and leadership.Leadership helps in brainstorming, providing better coaching and mentoring. This quality also helps in influencing the project member so that everyone can work together as an effective team. This is one of the important parts of the PMI talent triangle. This also ensures that every negotiation is performed effectively so that it becomes easy to solve the problems faced at the time of project execution. It is the responsibility of every project leader to develop a leadership quality that will help in building a strong team. The second most important pillar is the strategic management that helps in identifying the benefits and realization associated with every project. This also ensures a better development of customer relationships and satisfaction. The third pillar is technology that helps in gathering data and ensures the modeling of this data. After analyzing the survey results it can be stated that I have come to this conclusion that I have the quality of becoming a good leader. This will helps in taking effective decision towards the organization I am working for.Moreover, after looking at the survey results it can be stated that I have all the qualities that will ensure a better growth towards the organization I am working for. The main capability that I tend to hold is integrity and honesty. Moreover, the technical skill possessed by me will lead the project towards better future. Apart from all this better communication will help me to understand the project requirements effectively. After analyzing the results it can be stated that as a strategist I will be able to make better plans that
3 PROJECT MANAGEMENT: MASTERING PORTFOLIOS AND PROGRAMS will bring benefits towards the team and organization. This will ensure a better way of managing the tasks within the organization. With time I have also developed the skill of handling difficult situations. This will ensure a better way of managing the tasks and will provide better benefits for the project.
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4 PROJECT MANAGEMENT: MASTERING PORTFOLIOS AND PROGRAMS References Carlson, S., Isaac, B. T., Long, C., & Fay, M. J. (2017). Recruiting Transformational Leaders: The Link Between Recruitment Messages and Applicant Transformational Leadership Qualities. Kerzner, H., & Kerzner, H. R. (2017).Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons. Serra, C. E. M. (2016).Benefits Realization Management: Strategic Value from Portfolios, Programs, and Projects. Auerbach Publications. Stretton, A. (2018). Notes on increasing project management involvement in senior management activities in production-based organizations.