Sustainability in Project Portfolio and Program Management

Running head: SUSTAINABILITY IN PROJECT PORTFOLIO AND PROGRAM
MANAGEMENT
Sustainability in Project Portfolio and Program Management
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Sustainability in Project Portfolio and Program Management2
Executive Summary
This reported focuses on project portfolio management in the context of POS Software. This is
the most significant way of completing a larger project in a systematic manner. PPM processes
supports in governing various stages of the lifecycle of the project which is the key of managing
a project in an effective manner. Portfolio Management is basically defined as the set of
approach for carrying out various activities of a project such as planning, managing and
executing work and thereby delivers the project in timely and cost effective manner.
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Sustainability in Project Portfolio and Program Management3
Table of Contents
Introduction:....................................................................................................................................4
Situational Context and Evaluation of portfolio management:.......................................................4
Background of the company:.......................................................................................................4
The way of perceiving portfolio management according to the project need and size:..............5
The way of managing current portfolio:......................................................................................5
Assessing the way, through which the organization incorporates sustainability criteria into its
business decision making process and its operations:.................................................................6
Opportunities and Threats portfolio management:..........................................................................7
The success that the organization may experience by introducing a project portfolio
management (PPM) process:.......................................................................................................7
The challenging of adopting by introducing a project portfolio management process:..............7
Development of the Plan to execute portfolio:................................................................................8
Key elements of the plan to include project portfolio management into the organization:.........8
Proposed model of project portfolio management for the organization:.....................................9
Plan to implement project portfolio management into the organization:....................................9
Tools and Techniques for implementing different portfolios:.......................................................10
Techniques, available for managing different types of project portfolios and which ones would
you propose for the organization and why:...............................................................................10
Conclusion:....................................................................................................................................11
References:....................................................................................................................................12
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Sustainability in Project Portfolio and Program Management4
Introduction:
The current portfolio of an organization plays a major role in terms of reflecting the
priorities and the range of investment for the sake of promoting sustainable growth of business
(Lee, Trzcinka & Venkatesan, 2019). This report will put forth the discussion of portfolio
management in the context of POS Solutions. This is one of the leading software service
providers in Australia, offering high quality of services to the small and medium size
organizations (Possolutions.com.au. 2019). Tools and techniques used for managing portfolios
will be discussed in the report. Furthermore, in this paper, plan will also be developed in order to
develop project portfolios.
Situational Context and Evaluation of portfolio management:
Background of the company:
POS Solutions is one of the leading companies in the retail software industry of
Australia, providing best point of sale system to the small and medium size organizations. Being
experienced software, the organization also provides super quality of point of sale equipment to
the news agencies, pet shops and pharmacies. Based in Melbourne, the company is running their
business successfully throughout the nation for more than 30 years. The internal functionality of
the company comprises of designing market-specific hardware and software
(Possolutions.com.au. 2019).
The core mission of the company is “to provide the customers with complete range of
solution such as software and hardware and effective point of sale support”. The fundamental
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