7. Improve methods for job costing, resource tracking, resource capacity planning and measuring resource effectiveness, which were viewed as ineffective and an obstruction to good decision-making. Measure Through the use of Primavera P6 and Pinnacle’s PPM techniques, AIG has realized considerable benefits and cost savings. They are now able to accurately track the true costs and profitability of their projects, have a complete picture of resource utilization, and have a “360 degree view of all projects, resources, costs and profitability, allowing better prioritization of work and improved alignment with strategic objectives.” (Pinnacle Enterprise Management Specialists) 9
COURSE PROJECT: AIG’S IT DIVISIONS PORTFOLIO MANAGEMENT PLAN 10 Project Selection Criteria (Reggie) AIG’s most important question that is asked is: Why? AIG utilizes this simple word to initiate the thought processes that support why there is so much importance with project selection. The strategic significance of this aspect of PPM are complex and diverse. These complexities involve internal and external elements that are important to AIG’s Global e-Business Group. They can also be utilized to build a broad perspective of AIG’s strategic and competitive directions. With the importance of these directions towards AIG’s strategic goals; the focus on project selection is vital to the success of the strategic initiatives (Ghasemzadeh). As outlined for AIG, the emphasis on maintaining business continuity, updating Windows systems, and leveraging the Virtualizing strategies are high priority business opportunities. As mentioned, AIG will utilize the PPM expertise of Pinnacle Enterprise Management for project selection criteria, which is both qualitative and quantitative in nature. The initial project selection framework includes Business Initiation, Business Screen & Reviewable, Business Proposal, Business Case/Presentment and Business Selection: Business Initiation During this portion of the process we will identify the business SWOT and determine which initiatives can be implemented that would provide the requisite support to the AIG’s technology migration. This project’s primary initiative is to provide business continuity regardless of the external factors. Business Screen and Reviewable The screening process will be implemented during the beginning stage of the lifecycle. The criteria will provide the basis for the proposed investment in resources for the various migration opportunities. Business Proposal Due diligence is completed by the Sponsor of the business opportunity. The entire proposal is reviewed and finalized. It must provide the financial data and strategic outcomes that will be anticipated at the completion of the project.
- Winter '13
- Project Management, ........., AIG