PROJ6005 -Program Management - Potential Impact - Strategic Objectives - Portfolio Assessment Answer

PROJ6005 -Program  Management - Potential Impact - Strategic Objectives - Portfolio Assessment Answer

Assessment Task:

Learning Outcomes

1. Critically evaluate the strategic value of project management and project portfolio management, paying particular attention to their potential impact on project management life cycles,
project offices, change management, resource management and organisational change.
2. Demonstrate understanding and initiative in the application of project portfolio management tools, techniques and processes to achieve improved business practices and performance and integrate sustainable project outcomes.
3. Develop and defend arguments both for and against the implementation of project portfolio management in a range of organizations.

Situational Context

•  Is the organisation investing in the right projects?
• Is the organisation optimising its capacity?
• How well is the organisation executing?
• Can the organisation absorb all the changes?
•  Is the organisation realising the promised benefits?

Portfolio Management

•  How is project portfolio management ensuring that the organisation’s collective projects are aligning with its strategic objectives?
• Has a Project Management Office been introduced into the organisation and, if so, has it played a role in terms of standardising practices and increasing project success rates? If not, why not? What alternative approaches are available?
•  What quantitative and qualitative tools and techniques is the organisation currently using to manage its project portfolio and are they effective?

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