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Strategy (Characteristics of Objectives (A (Assignable), R (Realistic), M…
Strategy
Characteristics of Objectives
A
Assignable
R
Realistic
M
Measurable
T
Time related
S
Specific
Project Portfolio
Design of a project portfolio system:
A Portfolio Management System
Selection Criteria
Multi-Criteria Selection Models
Checklist Model
Multi-Weighted Scoring Model
Financial Models
Limitations of Payback
The Net Present Value (NPV) Model
The Payback Model
Nonfinancial Strategic Criteria
Applying a Selection Model
Project Classification
Selecting a Model
Ranking Proposals and Selection of Projects
Managing the Portfolio
Sources and Solicitation of Project Proposals
Project Screening Matrix
Managing the Portfolio System
Senior Management Input
The Governance Team Responsibilities
Balancing the Portfolio for Risks and Types of Projects
Pearls
Oysters
Bread-and-butter Projects
White Elephants
The Need for a Project Priority System
Organization Politics
Resource Conflicts and Multitasking
The Implementation Gap
Why?
Changes in the organization’s mission and strategy
The Strategic Management Process
Four Activities
Set long-range goals and objectives
Analyze and formulate strategies to reach objectives
Review and define the organizational mission
Implement strategies through projects