Reference no: EM133149218
PPMP20012 Program and Portfolio Management Information Systems
GOAL: PIONER A UNIQUE, PERSONALISED LEARNING JOURNEY FOR ALL OUR STUDENTS.
Task Description
Propose a portfolio management framework that would realise a company's strategic objective. A portfolio management plan helps an organisation manage multiple projects under a portfolio and boosts collaboration andeffective risk management to meet organisational objectives.
Purpose
The primary purpose of this assessment item is to help you to be able to apply systems thinking in coming up with a comprehensive solution to a complex problem. This assessment aims at providing you with the ability to apply portfolio management principles, practice, tools, and information systems to prioritise and select portfolio components and plan to manage a portfolio. This assignment also aims to allow you to enhance your teamwork, analysis, critical thinking, and written communication skills, particularly in the areas of argument development and academic writing.
Task
- This is a group assessment (4 to 5 students). The tutor will make a final decision in the group setting.
- Select a specific strategic objective related to the STUDENT pillar in "CQUniversity's 2019-2023 Strategic Plan; Our Future Is You". The objectives are given on page 6, 7 of the CQUniversity's 2019-2023 Strategic Plan document, which can be accessed via the followinglink:
- Using systems thinking tools and techniques that might aid project managers to design a portfolio and its components (i.e. related projects and programs) that will potentially realise a strategic objective.
- Propose a Portfolio Management Plan to manage the portfolio implementation.
- The report of the portfolio management plan must have all components as stated in the assignment guide provided on Moodle.
Portfolio Governance Plan
The portfolio governance plan defines how the organisational assets and resources are planned to be managed within the Portfolio according to the organisation's specific environment. It establishes and tailors the decision-making rights and authorities, responsibilities, rules, and protocols needed to manage progress based on portfolio risk to achieve their organisational strategy and objectives.
To implement and maintain portfolio management in your organisation you need to have senior managers committed to portfolio management.
Your team will need to provide the following information but not limited:
- Responsibilities of the roles related to your Portfolio (e.g. sponsor, the board of governance, key portfolio stakeholders, executive stakeholders, and program and project managers, etc.).
- Portfolio oversight (the structure and role and responsibilities of the portfolio management office (PMO) is described if it is used)
Portfolio Capacity and Capability Management
The resources to deliver the Portfolio are constrained. Resource management aims to put in place mechanisms to understand and manage the amount of resources required and available.
Your team should include the following information but not limited:
- Resource groups (could classify into technical resource groups, project human resource groups, project shared human resource groups, etc.)
- Capacity Supply and Demand Analysis
- Portfolio resource interdependency and priority
- Portfolio resource supply and demand allocation
Refer to CQU GOVERNANCE STRUCTURE
Attachment:- Strategic Plan.rar