Proposed Project Portfolio Management Process - 1469 Words

Proposed Project Portfolio Management Process Project management has grown beyond the confines of simplistic canned applications into a discipline that is in large part process, combined with common sense and inspiration. The process of Project and Portfolio Management (PPM) derives from the practices common to project management, as expressed in applications and tools developed to help project managers collaborate with project team’s cross-enterprise. Project and Portfolio Management solutions trump pure project planning applications by providing broad visibility into a corporation’s investments in human and material resources. Using PPM, project managers can determine how best to invest an organization’s capital in projects that†¦show more content†¦There are, however, best practices and key logical steps that can be gleaned from organizations such as Brigham Young University (BYU), DHL Americas and Eli Lilly, which have integrated portfolio management into the fabric of IT management. The key steps in creating and managing your IT investment portfolio: Gather: Do a Project Inventory Portfolio management begins with gathering a detailed inventory of all the projects in your company, ideally in a single database, including name, length, estimated cost, business objective, ROI and business benefits. In addition to project plan information, add weekly updates on how much time they spend working on projects. Creating a project portfolio inventory can be painstaking but is well worth the effort. For many companies, it may be their first holistic view of the entire IT portfolio and any redundancies. A good inventory is the foundation for developing the projects that best meet strategic objectives. Evaluate: Identify Projects That Match Strategic Objectives The next steps involve establishing a portfolio process. The heads of business units, in conjunction with the senior IT leaders in each of those units, compile a list of projects during the annual planning cycle and support them with good business cases that show estimated costs, ROI, business benefit and risk assessment. The leadership team vets those projects and sifts out the ones with questionable business value. Next, aShow MoreRelatedProposed Portfolio Management Process For Managing This Tampa1555 Words   |  7 PagesExecutive Summary This summary addresses the project selections criteria and high-level process for managing this Tampa, Florida--based company’s proposed Strategic Business Units (SBUs). The most current report indicates this company’s current revenue to be $350 million annually, but the Operations SBU recognizes that more must be done to expand while controlling costs if this company is going to continue to grow. Currently, the company has several projects in the works, but the Operations SBU has recognizedRead MoreProject Portfolio Management : Project Management1432 Words   |  6 PagesProject Portfolio Management (PPM) is the centralized management of the processes, methods, and technologies used by project managers and project management offices (PMOs) to analyze and collectively manage current or proposed projects based on numerous key characteristics. The objectives of PPM are to determine the optimal resource mix for delivery and to schedule activities to best achieve an organization’s operational and financial goals ― while honoring constraints imposed by customers, strategicRead MoreOrganizational Portfolio Management Process Project Management1102 Words   |  5 PagesORGANIZATIONAL PORTFOLIO MANAGEMENT PROCESS Project Portfolio Management (PPM) is the management of one or more portfolios through evaluation, prioritization, selection, review, execution and monitoring of projects in the portfolio. The goal is to keep the portfolio(s) aligned with the vision, mission and strategic objectives of the organization while effectively and efficiently allocating internal resources to maximize the overall value to the organization. Because UPS has a very open and consensusRead MoreProject Proposal Essay1152 Words   |  5 Pagesseven to eight (7-8) page paper in which you: 1. Recommend a project portfolio management method for your selected project. Provide a rationale for your recommendation. Note: Be sure to align your project with the strategic efforst of the organization. 2. Create an outline of an executive summary that includes the type of problem, requirements, and proposed business problems solutions. 3. State the vision and the goal of the project. Note: Be sure that the goals are specific, Measurable, AttainableRead MoreEssay about proj 5871717 Words   |  7 Pagesassignment. Part 1 First, develop project selection criteria and a high level process for applying the criteria and managing the portfolio. The criteria should be consistent with the business environment for the industry, consistent with your companys overall mission/strategies, and consistent with the mission and strategies of your strategic business unit. You are proposing a process, not individual projects. The deliverable for Part 1 is a written proposal for the project selection criteria and a highRead MoreChallenges Faced By Senior Management1559 Words   |  7 Pagesessential with a clearer focus of the future. This poses a major problem to senior management because organizations consist of a changing mix of large and small projects which brings new challenges in prioritization of projects, resource planning and monitoring (Elonen and Artto, 2003). According to Engwall and Jerbant (2003) cited in Kaizer et al., 2015, the number of available project alternatives far outnumber the projects an organization can handle at a given time with its limited resources, and makingRead MoreSearch Engine And Navigation Protocols1520 Words   |  7 Pagesguidelines and incorporate different registration methods, search engine and navigation protocols. The coordination of the project causes massive frustration, aggravated employees and waste money. SUN president COO Ed Zander announce that a new u nit e-SUN will oversee all project and by doing so the company are able to quickly rationalized its internet efforts, killing a number of project outright, resigning and combining more. (Tjan, 2001) Many companies are in the same position as SUN and are eager toRead MorePortfolio Management : Strategic Management1662 Words   |  7 PagesPortfolio Strategic Management Introduction Modern organisations devise a plan prior to the beginning of the project, in order to achieve desired objectives. The collection of programs, projects, or objectives managed to achieve the desired results is known as a portfolio, and the co-ordinated management of one or more portfolios in an effort towards achieving the organization’s objectives, is known as portfolio management (Project Management Institute, 2013). Portfolio management plays a criticalRead MoreA Brief Note On Risk Management And Procurement Management976 Words   |  4 Pages This area of project management was completely overlooked. Tom did not engage the faculty before starting his project, and there was no consideration for the man hours involved in the projects execution. Having failed to get the proper approval and support for the project, he tied up the IT departments schools human resources for five months. Communication Management This case study is a great example of what not to do. If there is a potential project it must be vetted out completelyRead MoreProject Management At Al ( 2012 )1745 Words   |  7 Pages(2012) describes project management as balancing the â€Å"iron triangle†, where changes to any one of the planned costs, quality or scope will change the others elements. Risk management allows contingency to be put into project plans. (APM, 2012) Minimising negative effects and maximising the benefits of uncertainty. This, in theory, is how project risk management aids in ensuring successful project delivery. The Association of Project Management (APM) defines a project risk management in the following

Oedipus the King Essay Thesis Example For Students

Oedipus the King Essay Thesis Oedipus is a man of accepting his responsibilities and acting on them. Being a man of action, accepts his responsibility of a son and leaves home attempting to avoid his faith which consists of the murder of his father and marriage to his mother. As king he accepts his responsibility of the uncovering of the murder of King Laius. The search for the murderer leads to nothing but a discovery of regrettable action and literally a blinding truth. A truth that was better left undiscovered. Oedipus discovers that he murdered King Laius and married his mother Jocasta. His discovery yet innocent at heart leads to his realization that he is guilty of one thing, trying to change his own faith. Oedipus the King is a man of responsible action, but has an uncontrollable curiosity which hurts him in the end. Oedipus accepts his duties as king and tries to end the plague in Thebes. Then Ill go back and drag that shadowed past to light. Oh, yes the pious Apollo and your piety have set on foot a duty to the dead: A search that you and I together will pursue. My designs could not be suited more: to avenge the god and Thebes in a single blow. Ah! Not for any far-flung friend, but by myself and for myself Ill break this plague. For who knows, tomorrow this selfsame murderer may turn his bloody hands on me. The cause of Laius therefore is my own. So, rise up, children, and be off. Take your prayer boughs too. Summon here the counselors of Thebes and muster too the Cadmus clan. I am resolute, and shall not stop till with Apollos help all-blessed we emerge, or else we are lost-beyond all purge. ( Prologue, pg 219). This refrain is describes Oedipus motives and intent for his action or any action he make in the play. He is declaring his search for the murder of King Laius. It shows that he is taking responsibility for being king, vengeful to the god, persistent in pursuit for the murderer, but most of all selfish. Oedipus says himself in this line Not for any far-flung friend, but myself and for myself Ill break this plague. Oedipus is acting noble in avenging the former kings death, but his first sign of selfishness protrudes out this line. Oedipus action of avenging the kings death and breaking the plague is the chance for him to be proved as a great king. Oedipus finds out from the oracle in his childhood town Corinth that he will murder his father and marry his mother. Oedipus being just and reasonable does not want this to occur, so he leaves Corinth. Oedipus tries to deny his own faith by leaving home. Oedipus proves to be selfish by not accepting his own fate. Apart from what he was fated to do, he does not want to do accept his faith and leaves. Some say these actions maybe, innocent. Who would want to murder their own father, let along marry your mother? It was his curiosity of wanting to know his own faith. It is not his choice to change it and he is guilty of that. His action of leaving innocent, but the Oedipus not accepting his faith which he desired is selfish. Oedipus persistence and curiosity overpowered reason. In the First Episode on page 226 Tiresias the blind oracle say Id rather keep you and me from harm. Dont press me uselessly. My lips are sealed. Tiresias consciously tries to cover up the knowledge Oedipus desires, but eventually sets the knowledge free. Oedipus curiosity and persistence lead him to the beginning of his own doom. Oedipus actions stop being noble when he becomes suspect to the crime. From the moment Tiresias tells Oedipus that The rotting canker in the State is you., Oedipus noble search becomes a personal one in which he can not refrain from settling his curiosity. This is where sometimes the truth is better left unsaid, but Oedipus refuses to refrain from his overpowering curiosity. .u7810c32e09b0397f330721d57add1a69 , .u7810c32e09b0397f330721d57add1a69 .postImageUrl , .u7810c32e09b0397f330721d57add1a69 .centered-text-area { min-height: 80px; position: relative; } .u7810c32e09b0397f330721d57add1a69 , .u7810c32e09b0397f330721d57add1a69:hover , .u7810c32e09b0397f330721d57add1a69:visited , .u7810c32e09b0397f330721d57add1a69:active { border:0!important; } .u7810c32e09b0397f330721d57add1a69 .clearfix:after { content: ""; display: table; clear: both; } .u7810c32e09b0397f330721d57add1a69 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u7810c32e09b0397f330721d57add1a69:active , .u7810c32e09b0397f330721d57add1a69:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u7810c32e09b0397f330721d57add1a69 .centered-text-area { width: 100%; position: relative ; } .u7810c32e09b0397f330721d57add1a69 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u7810c32e09b0397f330721d57add1a69 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u7810c32e09b0397f330721d57add1a69 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u7810c32e09b0397f330721d57add1a69:hover .ctaButton { background-color: #34495E!important; } .u7810c32e09b0397f330721d57add1a69 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u7810c32e09b0397f330721d57add1a69 .u7810c32e09b0397f330721d57add1a69-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u7810c32e09b0397f330721d57add1a69:after { content: ""; display: block; clear: both; } READ: The actual EssayThe arrival of the shepherd answers all the questions Oedipus desires. The messenger helps explain what happened in the woods and during his