Project and Portfolio Management

About Me

Location: Hyderabad, A.P, United States

I am having 10 years of rich experience in new media design and marketing encompasses creating collaterals (brochure, graphic, website and rest of all...), executing online marketing activities, coordinating Events (trade shows - online/offline, seminars). Working in an IT company at Hyderabad as Digital marketing Specialist. Having good sense of understanding of others attitude and mood. Involved in social activities for educating and sponsoring under privileged students.

Friday, December 28, 2007

a.Define the organization’s overall strategic goals and objectives at the executive level;

b. pass these goals to the portfolio management function;

c.The portfolio manager selects, prioritizes and approves proposed portfolio components, ensuring that they are aligned to achieve the organization’s goals; and

d.The portfolio manager reviews the portfolio to ensure it is balanced (short-term versus long-term return, risk to benefit) and negotiates the contributions of relevant strategic stakeholders (e.g., executive management, operations, program management)

Is industry need Project and Portfolio Management

There are a variety of broken operational processes driving the move towards the portfolio approach.

Consider the following:

»Over 80% of companies do not conduct business cases for technology projects and are unable to adjust budgets midstream more than once or twice annually1
»By 2005, 70 percent of IS organizations will have adopted a mix of project portfolio management application services for team collaboration, resource allocation, utilization and cost tracking2
»Through 2006, IS organizations lacking stringent risk assessment procedures will cancel more than 20% of projects in the execution phase3

1 Source: META Group-2002 Worldwide Trends and Benchmark Report

2 Source: Gartner Inc.

3 Source: Gartner, Inc.