Project Portfolio and Program Management Sustainability

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This report provides a comprehensive evaluation of project portfolio management (PPM) sustainability for Origin Energy Pvt. Ltd. It begins with an introduction highlighting the importance of PPM implementation and its impact on the organization, including the strategic approaches taken to understand the evaluation of business processes. The report then delves into the situational context, explaining how the organization previously lacked a formal portfolio management system, leading to an increased focus on economic improvement and job creation. The report analyzes opportunities and threats, justifying the incorporation of PPM based on economic benefits and resource allocation. Furthermore, it assesses the portfolio evaluation, detailing the strategic planning methodologies used, including resource and project inventory management, PMO establishment, and risk management strategies. The report also evaluates the success of the PPM program by analyzing key performance indicators related to customer influence, project management, company infrastructure, financial stability, and business operation quality. The report also explores the benefits of PPM implementation, including reduced expenses, improved investment strategies, and enhanced social and economic benefits for the community. Finally, the report concludes with a discussion of the impact of the implementation on the organization's day-to-day operations and its overall positive effects on the business.
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Running head: PROJECT PORTFOLIO AND PROGRAMMING MANAGEMENT
Sustainability in Project Portfolio and Programming Management
Name of the Student
Name of the University
Author Note
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1PROJECT PORTFOLIO AND PROGRAMMING MANAGEMENT
Abstract
The organization of Origin Energy Pvt. Ltd. has looked forward to the implementation of the
PPM imp mentation as there were traditionally no influence of the proper management of the
business operations management before. This is why, the strategic approaches were taken in
to understand how the organization have been properly looking forward to the
implementation and how can the evaluation of the business processes be ensured. This would
provide a clear idea about the impact of the PPM implementation on the Origin Energy Pvt.
Ltd. organization considering all the aspects of business and stakeholder management.
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2PROJECT PORTFOLIO AND PROGRAMMING MANAGEMENT
Table of Contents
Introduction................................................................................................................................3
Situational Context.................................................................................................................3
Portfolio Evaluation...............................................................................................................6
Portfolio Management............................................................................................................9
Maturity Levels......................................................................................................................9
Corporate Culture.................................................................................................................10
Conclusion................................................................................................................................10
References................................................................................................................................12
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3PROJECT PORTFOLIO AND PROGRAMMING MANAGEMENT
Introduction
The report primarily looks forward to the evaluation of the strategic value in the
adoption of the portfolio management as established by the organization of Origin Energy
Pvt. Ltd. As it has already established in the previous pieces of reports on how important and
effective has been the establishment of the project management efforts and the project
portfolio management as it has been established before in the previous assignments about the
changes that would be required throughout the organization about the different phases
(Crawford, 2014). The report would also identify how the difference in the project life cycles,
the project offices, the change management and resource management of the organization has
been impacting on the organization depending on the organizational change. The
understanding and the establishment of the project would be deduced to demonstrate how the
initiative has been provided in the implementation of the application for the tools related to
the portfolio management and the techniques as well (Daniel, Ward & Franken, 2014). The
report also needs to have a developed idea described for the development and the defending
of the arguments that have been established as per the implementation, which would have
both the sides described, including describing the ideas and the understandings for the motion
and against the motion. Therefore, the following report about the sustainability of this project
contributes to the portfolio management for Origin Energy Pvt. Ltd. consisting of the
situational context, the portfolio evaluation, the portfolio management, the identification of
the maturity levels and the understanding of the corporate culture for the organization.
Situational Context
The project management activities for the organization of Origin Energy Pvt. Ltd. is
mostly keen on handling the operations of the project in such a feasible way that every form
of the operations in the project is handled feasibly. The financial aspects of the organization
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4PROJECT PORTFOLIO AND PROGRAMMING MANAGEMENT
is properly looked at and it is appreciated within the organization if the management of the
organization is handled well to have a proper focus on the specific business objectives and
reducing the amount of invested amount of money to have the implementation of the plan at a
much economic considerations (Kaiser, Arbi & Ahlemann, 2015). It was primarily found that
the organization was devoid of any sort of planned function for portfolio management. This is
why, the organization has been looking forward to this implementation as the operations for
the organizations have been extremely high and there is an ardent requirement for the
organization to invest into the projects further so that a maintenance for the project would be
easier for the company to put through with the proper handling of the operations of the
organization (Costantino, Gravio & Nonino, 2015). Therefore, it was required that a certain
level of portfolio management was implemented to help the organization have a better
perspective at the operations of the organization from different perspectives or prospects of
the entire organization.
Since, the organization did not previously have a system for managing a proper
portfolio, Origin Energy Pvt. Ltd. started investing more on the factor of improvement for the
economic conditions of the organization and the creation of better job opportunities for the
organization which were not that much invested on before (Kaiser et al., 2015). For this
reason, it was found that the organization has started to invest better in the prospects for
having a better job opportunity created in the current business environment. This is also
reflected in the proper investment of the economic benefits by sharing it all over the
community and also at the same time investing into the increase of the level of health and
safety measures within a workplace.
As per the identification and analysis of the opportunities and threats, the
incorporation of the project portfolio management was justified on the basis of the different
opportunities and threats collected to find out their effect on the overall operations of the
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5PROJECT PORTFOLIO AND PROGRAMMING MANAGEMENT
organization. The level of detection for the economic benefit evaluation is extremely
important in this regard as the identification of a proper plan and its implementation (Project
Management Institute, 2017). Therefore, the selection of the process becomes easier to
implement considering the amount of the investment being extremely economical. The
economic considerations also help in the proper investment of the resources which helps in
the smooth flow of the resources as well as the considerations of the relevant understanding
of the different constraints of the projects.
The advantages of the adoption of the project portfolio management in the
organization has been extremely empowering for the organization considering the various
ways by which the expenses have been reduced for conducting different operations of the
project. The investment strategies have been extremely influential in terms of the different
number of economic plans that have been made so far (Archibald & Archibald, 2016).
Therefore, it can easily be said the reason for which the portfolio plan was implemented had
been focusing on the sole purpose of properly setting the organizational operations in terms
of the economic balance that they wanted to achieve.
The organization is found to be extremely well in terms of the different focus it has
been providing on the social terms and the investing the monetary amount to the community
as it has previously thought about (Brook & Pagnanelli, 2014). There is no longer any
requirement for the establishment of smaller projects and the projects could be focused more
on the strategic alignment to influence the lesser use of economy and resources.
It was also found that the amount of investment that the organization made for
implementing the plan has some of the added changes in the day to day business operations in
the organization. This included the prioritizing of the different simultaneous projects and also
handling the constraints of the projects that happened to be broken down into several
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6PROJECT PORTFOLIO AND PROGRAMMING MANAGEMENT
different projects. This would in terms make sure that the total investment of the project was
being acquired as a whole project (Heldman, 2018). As per the project management theories,
it would indeed help if the organization paid more attention to the projects that had the
potential to ensure more Return on Investments. However, if the shift of focus and the
economic resources were used on each of the mini projects, it would make the business
operations much complex, the handling of the processes much time-consuming and the entire
project be utilizing too much of the resources from time to time. Therefore, the
implementation has been extremely beneficial including the absorption of the usual changes
about the organization. Since, the organization has already understood that the influence of
the implementation would only bear positive effects on the organization, the changes have
been accepted gradually but steadily.
Portfolio Evaluation
For the total understanding of the benefits of the organization with the implementation
of the project and the PPM solution, the organization has also been utilizing various
methodologies so that the implementation would be extremely appropriate for the
organization (Korhonen et al., 2014). The development of the plan for the project portfolio
management have been using the method of strategic planning, which would be depicting the
effective practices that the company had been thinking about utilizing. The company had
thought about the implementation to be followed in the below-mentioned ways:
ï‚· The organization used the development process for the management of the
inventory accommodating all the requirements for the PPM, including the
resource inventory and the project inventory.
ï‚· The organization moved forward to establishing the PMO as the part of the
implementation process depending upon its potential of increasing the
coronation effects and processes depicted within the organization in such a
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7PROJECT PORTFOLIO AND PROGRAMMING MANAGEMENT
way that the proper implementation minimized any occurrences of risks within
the organization (Kerzner, 2017).
ï‚· The organization had the developed idea of establishing a proper risk
management strategy with the implementation process for the PMM to ensure
the mitigation strategies developed right before there project portfolio had
been developed in the first place. This would ensure that the implementation
has taken care of the risks before it has even occurred in the organizational
operations.
ï‚· The investment that it has represented in the development plan has been
influencing the total investment of the resources based on the benefits that it
would provide to the organization (Muller, 2017). This also regarded the
improvement of the efficiency and reliability of the organizational operation
outcomes and their feasibility of the use regarding the overall performance of
the organization and how the organization have been impacting on the
customers.
Following would be an evaluation of the total implementation of the project for the
PPM program to understand the success and the failure of the total project:
Objective Name Key Performance Indicators Objective Description
Effective influence
on the customers
Understand the influence of the
customers in the market and the
services. Ensure proper feedback
taken from the customers. Handle
the business information and
operations based on the customer
feedback.
The use of the PPM would
ensure that the customers
are retained, along with the
gaining of the new
customers as well as the
effective influence of the
customers in the activities
of the organization
Handling the
projects and the
business operations
The prioritization of the business
operations and the projects are
handled well with the influence of
the proper strategies and decision
The PPM influence and
implementation is bound to
bring about new changes
(Jenner, 2016). Thus, this is
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8PROJECT PORTFOLIO AND PROGRAMMING MANAGEMENT
making a parameter to check how
the organization have been
performing understanding
the constraints of the
changes being managed.
Improve the
company
infrastructure
Understanding the feedback of the
employees following the changes
along with the different types of
organizational changes according to
the day to day activities.
The influence, mostly the
positive ones on the
company with PPM
implementation have been
identified before. This is
why, it also needs to be
identified how the
infrastructure of the
organization is being
affected by the changes
brought about in the day to
day activities of the
employees and their
mentalities as well.
Increase the
efficiency of the
financial stability of
the company
Establishment of the innovations,
Customer Intimacies, along with the
Operational Excellences.
The PPM implementation
has been identified to be
extremely economic. The
implementation would thus
find out how it has been
affecting the organization in
term of its financial stability
as the return on investments
would naturally be
increased.
Increase the quality
of the business
operation to ensure
proper
implementation and
service provision
Ensure PMO is established to govern
the delivery process and monitor
project's ability to produce desired
strategic objectives. Employee
Certification with ISO and PMI.
The implementation not
only meant to influence the
enhancement of the
business activities by
making them economic and
having monetary savings on
the traditional processes, but
it would also be evaluated
on how it has added to the
incorporation of monetary
gain to the business as a
whole.
Diversify the growth
streams
The indication that the customers are
providing positive feedback with the
employees been effectively handling
the increase in productivity.
The growth of the
organization would not only
be influenced on the people
who are associated with the
project as employees and
the company at a larger
scale, but would also benefit
the customers of the
business.
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9PROJECT PORTFOLIO AND PROGRAMMING MANAGEMENT
Proper utilization of
the resources and
inventory
management
The ample resources are used along
with the proper utilization of the
inventory with neither surplus or
scarce conditions.
The inventory management
needs to be justified as the
surplus amount would be
wasted and the scarcity
would not suffice the
requirements.
Based on the above-mentioned performance indicators and the identification of the
objectives, it has been identified that the project has been fulfilling all the objectives that the
objectives have been defining, even influencing the challenges within the organization such
that it does not cause risks to the situation anymore.
Portfolio Management
As per the evaluation of the PPM plan for the organization of Origin Energy Ltd., it
can be said that the project has successfully aligning its collective projects to the strategic
objectives as it has been defined above. The organization has been using the project portfolio
management techniques as per the necessities of the organization and this is why they have
also mentioned the utility of the different tools and techniques for the PPM management.
These included Saviom, Celoxis, Hive, Oracle Primavera, Sciforma, Wrike, Changepoint,
Clarizen, Mavenlink, and Liquid Planner. All these tools were effective to provide the
organization with the proper utility of the organization and its resources to provide an
effective improvement of the operations in the organization (Stark, 2015). The level of
revenues was thus found to be raised as an inventory was created, the strategy to analyse the
business operations were projected and the alignment of the planning and practical utility was
also justified along with the testing and the adaptation of the plans according to the
established idea.
There are various standardized ideas for PPM implementation, considering the
different software being used other than the chosen ones and having a total PPM handling
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10PROJECT PORTFOLIO AND PROGRAMMING MANAGEMENT
software; however, these approaches are also justified since there are chances that the
projects can be divided into several sub-projects to help the implementation of the overall
project portfolio management process.
Maturity Levels
Maturity models are often implemented in the Project management and
implementation practices to support the total improvement of the implemented PPM
practices. Therefore, it is also required that the organization of Origin Energy Ltd. also needs
to maintain and further improve the PPM practices that have been implemented so far within
the organization. These are the constructs that mostly uses the idea for understanding of the
comparative effectiveness of the procedures that are followed. The maturity level 2 and 3 are
mostly recommended for this project based on the severity of the PPM tools and the
organization culture. These would be mostly influential if the PMBOK rules are followed for
the implementation process of the maturity model (Wynn, Smith & Killen, 2016).
Corporate Culture
It is understandable that the project for PPM implementation in Origin Energy Ltd.
would require different approaches of the corporate culture; however, it is evident that there
would be changes in the corporate culture as well since there are evident changes in the
business organization and its day to day activities. It must also be kept in mind that the
stakeholders and their involvement are extremely necessary in this matter (Meredith, Mantel
& Shafer, 2017).
The challenges would definitely be there as the traditional procedures why which the
organization used to operate are not being followed anymore, but it would still be appropriate
if a supportive corporate culture is established.
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11PROJECT PORTFOLIO AND PROGRAMMING MANAGEMENT
Conclusion
Therefore, in conclusion, it can be said that the evaluation of the assessment for the
PPM implementation in Origin Energy Ltd. has been completed to find out that though
offering some challenges, it would only provide positive effects on the operations of the
business for Origin Energy Ltd. and would only work in the benefit for the organization by
enhancing its corporate culture, resource handling and financial benefits. The report
presented as above have provided all the information about the evaluation procedure and all
the constraints under which the project was working so far for a successful implementation of
the PPM techniques in Origin Energy Ltd. Therefore, understanding the situational context,
the portfolio evaluation, the portfolio management, the maturity levels and the corporate
culture would ensure how the project has been performing so far for Origin Energy Ltd.
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12PROJECT PORTFOLIO AND PROGRAMMING MANAGEMENT
References
Archibald, R. D., & Archibald, S. (2016). Leading and Managing Innovation: What Every
Executive Team Must Know about Project, Program, and Portfolio Management.
Auerbach Publications.
Brook, J. W., & Pagnanelli, F. (2014). Integrating sustainability into innovation project
portfolio management–A strategic perspective. Journal of Engineering and
Technology Management, 34, 46-62.
Costantino, F., Di Gravio, G., & Nonino, F. (2015). Project selection in project portfolio
management: An artificial neural network model based on critical success factors.
International Journal of Project Management, 33(8), 1744-1754.
Crawford, J. K. (2014). Project management maturity model. Auerbach Publications.
Daniel, E. M., Ward, J. M., & Franken, A. (2014). A dynamic capabilities perspective of IS
project portfolio management. The Journal of Strategic Information Systems, 23(2),
95-111.
Heldman, K. (2018). PMP: project management professional exam study guide. John Wiley
& Sons.
Jenner, S. (2016). Transforming government and public services: realising benefits through
project portfolio management. Routledge.
Kaiser, M. G., El Arbi, F., & Ahlemann, F. (2015). Successful project portfolio management
beyond project selection techniques: Understanding the role of structural
alignment. International Journal of Project Management, 33(1), 126-139.
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13PROJECT PORTFOLIO AND PROGRAMMING MANAGEMENT
Kaiser, M. G., El Arbi, F., & Ahlemann, F. (2015). Successful project portfolio management
beyond project selection techniques: Understanding the role of structural alignment.
International Journal of Project Management, 33(1), 126-139.
Kerzner, H. (2017). Project management: a systems approach to planning, scheduling, and
controlling. John Wiley & Sons.
Kerzner, H. (2017). Project management: a systems approach to planning, scheduling, and
controlling. John Wiley & Sons.
Korhonen, T., Laine, T., & Martinsuo, M. (2014). Management control of project portfolio
uncertainty: A managerial role perspective. Project Management Journal, 45(1), 21-
37.
Meredith, J. R., Mantel Jr, S. J., & Shafer, S. M. (2017). Project management: a managerial
approach. John Wiley & Sons.
Muller, R. (2017). Project governance. Routledge.
Project Management Institute. (2017a). A guide to the project management body
of knowledge (PMBOK guide). (6th ed.). Newton Square, PA: Project Management
Institute.
Project Management Institute. (2017b). Project manager competency framework. (3rd ed.).
Newtown Square, PA: Project Management Institute.
Stark, J. (2015). Product lifecycle management. In Product lifecycle management (Volume
1) (pp. 1-29). Springer, Cham.
Wynn, C., Smith, L., & Killen, C. P. (2016). Cues: How power influences behaviour in
project portfolio management. Australia and New Zealand Academy of Management.
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