Project and Portfolio Management: Sustainable Value Creation

This project and portfolio management assignment analyzes how organizations proactively manage value creation from programs and portfolios. The student examines social constructionist roles, horizontal and vertical integration, and benefits management. Part 1 analyzes value creation, using references to support the discussion. Part 2 reflects on personal perspectives on value creation. Part 3 provides examples of organizations proactively managing value, defines how value is determined, and analyzes agile portfolio management in the software industry. The assignment covers the Abu Dhabi National Energy Company as a case study, discusses organizational culture, and explores how the software industry integrates business planning and technology development. The project highlights the importance of aligning investments with corporate strategy, managing resources efficiently, and adapting to change to achieve sustainable value.

Running head: PROJECT AND PORTFOLIO MANAGEMENT
Project and Portfolio Management
Name of the student
Name of the University
Author note

1PROJECT AND PORTFOLIO MANAGEMENT
Part 1
Social constructionist role of programmes
The projects can be stated to be the crystallization of the intent which allows the
applying of the structural techniques that can help in realizing the tangible deliverable. There
are various kinds of activities like the processes of engagement along with the
communication can be made improvised along with adaptive (Breese 2012). The permeability
of the boundaries of the program can help in enabling the process of reciprocal influence with
the help of information exchange. The transformational organizational change can help in
entailing the new behaviours that can help in embracing the emotions that are evoked by the
changes.
Horizontal Integration with Project Management
The programs are subjected to the contextual change and they are inclusive of the
deliberate strategies. In the emergent strategies, the focus lies on the expected benefits along
with process that helps in displaying the consistent pattern of the action over the passage of
time. It needs the learning approach within which the results are appraised in the regular
manner against the benefits at the time of implementation. There should be a decision
management process within which the anticipated results can be said to be linked to
justification for decision (Pellegrinelli 2011). It has been found that there exists lack of the
communication in between strategic and that of tactical level of the management.
Vertical Integration with Portfolio Management
Portfolio management refers to the management approach that helps in aligning the
project efforts with that of corporate strategy. It can help in optimizing efficient use of the
resources within an organization (Peppard, Ward and Daniel 2007). The lack of the inter-
relationships acts as the main problem in relation to the portfolio decision-making. The

2PROJECT AND PORTFOLIO MANAGEMENT
project management is dependent on the computer tools that helps in the collection of the
financial along with the quantitative performance. It can help in satisfying the corporate
needs and it helps the resources in being used in a wise manner within the framework of an
organization. The organizations should focus on the facilitation of optimal utilization of the
productive resources. The organization should focus on the facilitation of optimal utilization
of that of existing productive resources along with the sharing of the residual wealth.
Benefits Management
The benefits management can help in promoting a different kind of mindset that can
help in managing the value on that of the active basis. Benefits Realization Management can
help in fitting into the project and it should be undertaken over the entire course of the life
cycle. It can help in proposing various kinds of documents that can help in suggesting how
the relationships in between the main stakeholders can be easily managed. Benefits
Realization Management have various characteristics of functionalist that is dominant in the
community of the project management (Thiry and Deguire 2007). It can help the organization
in focussing on the benefits that can be said to be fundamental to the management theory. It
can help in closing gap in between the strategic management and that of project management.
Part 2
An organization can create the value with the help of the programs along with the
portfolios. It can help in the arena of better decision-making that can help an organization in
predicting the future factors like that of resource utilization. I think that the creation of the
portfolios can lessen the risks that can help in bringing profits for a firm. It can help an
organization in decreasing the element of overspending that can help in taking care of the fact
that the projects are executed in the accurate manner. I think that it can help in increasing the
success of the project delivery and it can reduce the rate of failure of a project.

3PROJECT AND PORTFOLIO MANAGEMENT
Part 3
Answer 1)
Abu Dhabi National Energy Company creates values by taking recourse to the
programs along with the portfolios. It can help in the arena of improved resource allocation
that helps in the execution of the valuable projects. It plays an important role and helps the
various departments of the company in prioritizing the work. It helps in allocating the labour
and managing the non-labour resources in portfolio. It helps the managers in making the
funding decisions and it helps in approving the work in front of the main stakeholders. It can
help in opening the proposed work to that of scrutiny that can help the managers in improving
their work. The organization has been able to create value by removing any kind of secrecy in
relation to the funding of the work (Thiry and Deguire 2007). The planning of the portfolio
management has helped the organization in evaluation of their work in a more consistent
manner. This has helped the company in comparison of their work that can help in taking
care of the fact that authorized work is valuable and is balanced. It has helped in the process
of approving the high priority work that has helped in aligning the work within an
organization. The decisions of the company are made in terms of overall context in relation to
the strategy along with the goals of the department. It helps in balancing the resources in an
appropriate manner in between the financial instruments like the stocks along with the bonds
(Breese 2012). The business portfolio management within the Abu Dhabi National Energy
Company has helped it in achieving the proper balance of the work. It has been successful in
creating value as it has helped in changing the focus from the element of cost to that of
investment. It can help in increasing the element of collaboration that can help the senior
managers in making the business decisions. It has helped the functional departments in
communicating with that of the peer department that has helped the organization in achieving
the goal.

4PROJECT AND PORTFOLIO MANAGEMENT
Answer 2)
An organization can define the value by the assessment of the present organizational
culture. The understanding of the organizational identity along with the interviewing of
vendors can play an important role in bringing value to an organization. An organization can
play an important part in the creation of value by the reviewing of the strategic business plan.
The corporate culture can be said to be closely tied to the business strategy of a company and
an organization should be clear regarding the direction in which it is going that can help a
company in figuring out a plan. An organization should be able to determine culture that can
help it in achieving the plan (Pellegrinelli 2011). An organization can undergo change in the
right manner in the event of sifting the values that can greatly help an organization in earning
the revenues. An organization should lay stress on the chosen values that can pave the path
for the success of a company. The incorporation of the values in the organizational process
can help a company in bringing about change in the effective manner. The values should be
integrated within the operational areas which includes talent lifecycle of a company. The
leaders should abide by the values of the organization that can help in driving the
performance of the employees of the company. The values of the organization can help a
company in making the right decisions and it can help in understanding the true purpose of a
company. The values can set the stage for bringing about the effective change within the
framework of a company (Breese 2012). It can help in leading team and evaluation of
performance of employees of a company. An organization should focus on the high
involvement strategy that can help in transforming values into that of the daily behaviour by
strengthening the element of the communications along with the skills. The formal along with
the informal scan should be carried out by a company that can help it in challenging the
competitors.
Answer 3)

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The software industry in the present age needs the integration of the business planning
with the process of the technology development. Time pacing can act as a key in relation to
the flexible development and it can help in providing the flexibility that can help in changing
plans in relation to the final product. The agile portfolio management can be of great help for
the software industry in blurring the lines on between the business and that of technology
(Peppard, Ward and Daniel 2007). It helps in assessing performance of the active programs
along with the projects against that of the defined criteria. The governing of portfolio can
help in optimizing the resources within the software industry. It can play an important role in
fulfilling highest priorities within an organization. The agile portfolio management can help
the software companies in the area of multi-tasking. It helps a company in using expertise of
the single individual on more than that of one project (Thiry and Deguire 2007). It can help
in taking the proper strategic decisions that can help an organization in making progress in
the long run. It can help in the emergence of the analytics that can greatly serve benefits for
the software industry. The agile portfolio management helps in improving the accuracy along
with the speed of the portfolio planning that help an organization in providing the real-time
reports based on the business needs.

6PROJECT AND PORTFOLIO MANAGEMENT
References
Breese, R., 2012. Benefits realisation management: Panacea or false dawn?. International
Journal of Project Management, 30(3), pp.341-351.
Pellegrinelli, S., 2011. What’s in a name: Project or programme?. International Journal of
Project Management, 29(2), pp.232-240.
Peppard, J., Ward, J. and Daniel, E., 2007. Managing the realization of business benefits from
IT investments. MIS Quarterly Executive, 6(1).
Thiry, M. and Deguire, M., 2007. Recent developments in project-based
organisations. International journal of project management, 25(7), pp.649-658.
Reading Material
Chapter 7 : Are We Realizing the Promised Benefits
Ohara, S. (2005) P2M: a guidebook of project and program management for enterprise
innovation, volume 1.