Instructions:

For an organization of which you are part, or one which with you are familiar, or one sourced from the Internet, you are asked to examine the introduction of a project portfolio management function in order to improve the organization’s strategic advantage, project success and achieve its sustainability goals. Prior to developing the plan for the introduction of the project portfolio management function, you are asked by Executive Management to consider the way the organization currently manages its project portfolio and then address the following requirements:

Situational Context and Evaluation

How the organization is likely to view the introduction of portfolio management given its size and project needs?

How the organization currently manages its projects and is there scope for improvement?

How the organization incorporates sustainability criteria into its business decision making process and its operations, including social equity, economic efficiency and environmental performance? Is there scope for improvement and how might this be achieved?

Opportunities and Threats

The likely successes that the organization might experience by introducing a project portfolio management process.

The likely challenges the organization might face with the adoption of the project portfolio management process and how would these challenges be overcome?

Development of the Plan

What would be the key elements of a plan to introduce project portfolio management into the organization and how would it impact the strategic goals?

What type of project portfolio management model would you propose for the organization and why?

How would you plan to implement project portfolio management into the organization?

Tools and Techniques

What tools/techniques are available for managing different types of project portfolios and which ones would you propose for the organization and why? In considering these requirements, be mindful of the benefits of project portfolio management but draw comparisons and highlight specific cases where any shift by the organization towards project portfolio management may have both positive and/or negative impacts.

Instructions: For an organization of which you are part, or one...