Often information systems projects require two or more project teams to collaborate with one another to complete critical foundational elements of a new information system, and the dependences of each of these tasks needs to be shown and clearly communicated to all members of a project team. In addition, these tools and techniques must also take into account the requirements of the entire lifecycle of the product (Stewart, 203). The ability of a project manager to define how the specific code sets and features will be used in subsequent generations of the application need to be addressed during the initial planning stages to ensure a high level of integration. The development of extensions to an Enterprise Resource Planning (ERP) system that is used for managing the manufacturing of PCs, laptops and servers by Dell is an example of a longer-term project managed extensively through the use of these tools and techniques. The development of integration plans and extensions to the ERP system that allows Dell to produce thousands of customized systems a day initially began as an internal project plan that required a high level of clarity and collaboration, specifically of the time commitment required to complete it, for the system to be successful. The eventual integration of the ERP system to include support for distributed order management and logistics functions were only possible through the use of the time-based tools and techniques of project management Aside from managing time efficiently through project management of an information systems project, cost is a critical concern as are resources including the time of expert-level contributors to the project. Take for example the costs associated with extending the Dell ERP system to include integration with other systems throughout the company, and the need for ensuring that pricing and logistics experts were available when the project was underway. Costs for the project were managed using Net Present Value (NPV), Return on Investment (ROI), project portfolio management, cost estimates, and cost management plans. As Dell is a very numerically...
Project Management: Discussion Questions Project portfolio management is designed as a way to minimize the 'ad hoc' nature of the way in which most portfolios are constructed. "As its name implies, project portfolio management groups projects so they can be managed as a portfolio, much as an investor would manage his stocks, bonds and mutual funds….the obvious benefit of project portfolio management is that it gives executives a bird's-eye view of
Portfolio Management The objective of Part A of this study is to analyze the key best practices that the organization can adopt to improve its project management maturity level and to examine and describe the key elements of change management, which could be used during an initiative to raise the project maturity level of an organization. OPM3 has specific benefits to the organization in that it makes provision of a method
Portfolio Management The current business trends in the airlines industry have the Delta Air Lines Inc. In dire need to exploit on its opportunities while minimizing on its threats and weaknesses. Thus, after various consultations, it is essential to establish a comprehensive strategic business unit (SBU) to propel the company to the top of the industry. The portfolio of the company allows it to venture into various activities that will
Portfolio Management In the project portfolio management context, a portfolio is an aggregation of active programs, projects and other business activities that indicate an organization's priorities, investments and allocation of resource (The standard for portfolio management, 2008). According to the editors of PM Network, "Portfolio management is the centralized management of one or more of those portfolios to achieve specific strategic business objectives" (2008, p. 75). Using project portfolio management
Project Management In Discussions week, project portfolio management selecting projects. Explain meaning statement. The books suppose additional resources: Kerzner, H. (2010) Project management practices: achieving global excellence. "Project portfolio management is more than selecting projects" Managing a project portfolio can be analogized to managing an investment portfolio. While the selection of the component entities of the portfolio are certainly important, it is not enough to merely select good investments -- these 'investments' or
The projects portfolio was handled by a head that had the people who concentrated fully in projects implementation, the Human Resource department on the other concentrated on rewards like benefits, compensation and pensions, resourcing, organizational development and design, employee relations and development and learning. However, over the years, many organizations have been continually undergoing alignment, which means integration of the decisions about the employees with the decisions about the
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