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250 words with two references,please
Question
a) Developments in project, program and portfolio management and role for better metrics.
b) Discuss the organizational context for portfolio management - tie the discussions to strategic project management.
c) Identify an organization with the following basic processes: (a) Well defined overall strategic goals and objectives (b) Streamlined passing of these goals to the portfolio management function; (c) role of portfolio manager -- select, prioritize and approve 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). Research article: Wessels, D. J. (2007). The emergence of strategic project management. Paper presented at PMI® Global Congress 2007-North America, Atlanta, GA. Newtown Square, PA: Project Management Institute.
Attachment:- Organizational Portfolio Management.rar
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