PROJ6005 : Sustainability in Project Portfolio and Program Management
Added on 2020-04-13
13 Pages2590 Words138 Views
Sustainability in ProjectPortfolio & ProgramManagementCode: PROJ6005
Table of ContentsPart B: Final Report..................................................................................................................................11.Strategic Value Evaluation...............................................................................................................11.1Strategic Value of Project Management..................................................................................12.Understanding Project Portfolio Management (PMM)..................................................................13.Application.........................................................................................................................................23.1Application of project portfolio management tools.................................................................23.2Application of People, Processes and Technology...................................................................24.Implementation of Project Portfolio Management.........................................................................34.1Roadmap....................................................................................................................................34.2Advantages.................................................................................................................................44.3Disadvantages.............................................................................................................................55.Annual Review Process.....................................................................................................................55.1Situational Context....................................................................................................................55.2Portfolio Evaluation...................................................................................................................65.3Portfolio Management...............................................................................................................65.4Maturity Levels..........................................................................................................................75.5Corporate Culture.....................................................................................................................86.Discussion and Conclusion................................................................................................................9References................................................................................................................................................10
Part B: Final Report1.Strategic Value Evaluation1.1Strategic Value of Project ManagementThe strategic value of the project management are found based on the Collaborative sense making processes ("Identification of Strategic Value in Project Portfolios", 2017). The strategic value has potential impact on the following areas:1)Social Equity2)Project Management Life Cycles3)Resource Management 4)Organizational ChangeIn order to recognize and identify the PPM, the following areas are focused ("Identification of Strategic Value in Project Portfolios", 2017):1)How and what type of dimensions does the strategic value assess in the framework of the PPM?2)In what way must the frame of PPM be changed, such that it can clearly account the strategic value?2.Understanding Project Portfolio Management (PMM)Portfolio management ensures to align the projects, based on the corporate strategy, thenit helps in optimizing and takes effort to utilize all the resources effectively(Michel & Rod,2008).To mature a company's PPM, there is no need not start from scratch, to know theorganization’s capabilities. Instead, there are certain techniques or methodologies available, liketo analyze the process, the people involved in the process, and the supportive tools involved inthe process for instance the spreadsheet or other necessary software. Any organization can be categorized in the following stages:1st Stage: No processes tools2nd Stage: Minimum processes tools 3rd Stage: Broken processes stage 1
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