Assignment: Due Week 5
This is a two part assignment.
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 company's 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 high level description of a proposed portfolio management process. You may also be expected to make an informal presentation of the report in class.
The proposal should be in the form of a
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Customers must use the internet to fill out an online form to address their complaints or service needs. These forms are processed by employees in your department. Currently the turnaround time on any given form is between four to eight hours. This creates a number of other customer complaints. Project Call Center is designed to reduce this turnaround time by 75% by creating and staffing a call center in Tampa. Building acquisition, building renovations, building fit out, IT system upgrades, and hiring and training of staff are estimated to cost $8.5 million dollars. This $8.5 million dollars can be paid evenly in any two quarters in the next year. In addition, seven new employees will need to be hired at $40,000 burdened labor costs per year to staff the call center. Management of this project could easily be done with the current in-house staff. Most of the work of this project would be outsourced and will have minimal impact on day-to-operations.
Project Ordering Upgrade
Currently ordering processing is done online. The software and hardware used in this system are about ten years old. As such, order processing is a long, arduous process for the fifteen person staff. Upgrading this process to a state of the art system would cost approximately $2.5 million dollars, and it is a onetime pay in full internal charge to your SBU. It would also result in a reduction in the fifteen person staff by 7 individuals and reduce order
* Management of the portfolio by means of a set of selection criteria for proposed projects, as well as reallocating, reprioritizing, and/or rescheduling current projects at various phases of the pipeline, (thus the portfolio and project management processes become interconnected, and the portfolio is constantly reevaluated).
I am the Project Manager developing the Boeing 787 Dreamliner. The development of this state-of-the-art airplane will include an international team of aerospace companies led by Boeing. The advances in this airplane will reduce the use of fuel by 20%, increase cargo capacity, increase nautical miles in a mid-range airplane, and improve passenger comfort. Boeing
The list of deliverables from the Project Scope should be listed, as well as, whether or not they were met and any worthwhile notes about the process. The scope
the name. The segments should be in simplest everyday terminology so the personnel assigned to
| The Purpose of this project is to increase overall sales by developing new products, increasing productivity and national presence and reducing dependence on equipment suppliers.
Describe the different levels and types of resources required for producing each deliverable described in the assignment summary.
Note: This documentation must outline the revisions made to the previous deliverables required in Section 1: Written Project Plan.
The deliverables produced from this project are will be used, in part, or whole, by the stakeholders in paragraph V, as depicted in the following table.
Portfolio management supports an organization’s mission and goals by ensuring the program is managed properly and the timing is on a set schedule. Portfolio management supports the accomplishments and the preferred outcomes. The tools and techniques involved assist with the efficiency and the effectiveness. The portfolio management supports in the organization utilizes the resources where they can be applied throughout the organization. Portfolio management assists with creating the operational needs throughout the period of the project. The portfolio management achieves with the vision, mission, and goals and even identify the risk. The time cost and all resources that would be required help identifying within the goals.
This Project Scope Statement serves as a baseline document for defining the scope of the Acme Consulting Portfolio Management Database (PMD) Project, project deliverables, work which is needed to accomplish the deliverables, and ensuring a common understanding of the project’s scope among all stakeholders. All project work should occur within the
One of the most popular aids to developing corporate strategy in a multi business corporation is the portfolio analysis.
The third artefact for my portfolio was Assignment 3 in course Mdde 605, titled: Globe Driving Academy Business Plan. Its purpose was to identify a business structure from the strategic plan and multi-year strategic goals and to reflect the potential for growth. Students were expected to include financial plans and a balanced scorecard reflecting and measuring an organization’s success. This 43-page document covered everything from Business visions, motivation product services, marketing schemes, governance process, to the Financial Plan for a for-profit company which was going to implement e-learning as the next major step to stand out in the industry.
When I walked into class and saw this daunting project sitting on my desk, I was in shock. No teacher has ever asked me to do an assignment requiring the level of work that this portfolio required. While no one component seemed too difficult, all of them together seemed impossible. However, in reflection I see that this portfolio was only as difficult as I sought to make it; if I approached each section with an open mind, a plan, and a schedule, it was rather easy to complete this assignment.
The portfolio management process has several steps or parts to the process. The idea behind portfolio management is to choose
The business projects e.g. product development, pricing initiatives, profitability modeling etc. are initiated by the business leads. The business leads prepare a business case detailing the project including the business benefits. These projects are then presented to the Portfolio Council, which approves or denies the initial request. Once approved, if there is