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Project Portfolio Management Submitted By: Group leader: Zainab Qazi FA16-BBA- Members: Mahdia FA16-BBA-074 Mehmoona FA16-BBA- Sadiqa FA16-BBA- Submitted To: Dr. Mansoor Nazir Bhatti Date: june 1, 2020 i
Contents Abstract ....................................................................................................................................................... 1 Introduction ................................................................................................................................................. 1 Project portfolio management benefits…………………………………………………………………………………………………..2 Project portfolio management tools………………………………………………………………………………………………………..3 Literature ..................................................................................................................................................... 3 Research Paper # 1 .................................................................................................................................. 3 SUMMARY: ........................................................................................................................................... 3 Analytical posture: ............................................................................................................................... 4 Risk taking posture: ............................................................................................................................. 4 Aggressive posture: ............................................................................................................................. 5 Research Paper # 2 .................................................................................................................................. 5 SUMMARY: ........................................................................................................................................... 5 Project Portfolio Management Performance Process: ........................................................................ 6 Project Portfolio Manager Roles: ......................................................................................................... 6 Positive impacts between project portfolio manager and the senior or line management: ................ 7 Negative impacts between project portfolio manager and the senior or line management: .............. 7 Empowerment of Project Portfolio Managers: .................................................................................... 7 Main Text ..................................................................................................................................................... 8 Project Portfolio Management Contributions: ......................................................................................... 8 Project Portfolio Management Phases: ................................................................................................... 8 Project Portfolio Management: (Advantages and disadvantages) ........................................................... 9 Advantages: ......................................................................................................................................... 9 Disadvantages: ..................................................................................................................................... 9 Project Portfolio Management Pillars: ..................................................................................................... 9 Project Portfolio Framework .................................................................................................................. 10 Project Portfolio Management System: ................................................................................................. 11 Project portfolio management main objectives: .................................................................................... 13 Project portfolio management alignment: ............................................................................................ 13 Project portfolio management prioritization ......................................................................................... 13 ii
Project portfolio management allocation: ............................................................................................. 13 Balance in the project portfolio management: ...................................................................................... 13 Sense of Direction in project portfolio management: ............................................................................ 14 Minimum no of the project helps organization: .................................................................................... 14 Difference in the project management and in the portfolio management : .......................................... 14 Project management: ............................................................................................................................ 14 Portfolio management: .......................................................................................................................... 14 Project portfolio management and information technology : ............................................................... 14 Process of Project Portfolio Management) ............................................................................................ 15 “Selection to Closure” ........................................................................................................................ 15 Project Portfolio Management Characteristics: ..................................................................................... 15 Relationship between Portfolio, Programs and Projects: ....................................................................... 15 Project Performance and Impact: .......................................................................................................... 16 Project Portfolio Management Benefits: ................................................................................................ 17 Conversion of Projects: .......................................................................................................................... 17 Importance of project portfolio ............................................................................................................. 17 Industrial development on Project Portfolio Management ................................................................... 18 Conclusion: ................................................................................................................................................ 19 iii
Project Portfolio Management Abstract Project portfolio management indicates in doing right project at the right time. In this regard, effective managers have critical role that requires technical skills to control time, cost, performance and work effectively with people to get the best outcome. This paper argues that project portfolio management help project managers to select the suitable projects through process of selecting and managing project portfolio’s investment for doing right project at the time. Meanwhile, project managers use available resources effectively and efficiently through maximizing resources, budget, time and performance. Project managers’ contribution give huge access to achieve organization objectives through project portfolio management pillars and phases of selecting and opting best projects. Project managers through project portfolio management system can run the projects to effectively achieve the timely outcomes within the given allocation of budget and resources. Project portfolio management is characterized in a way

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