Propose a portfolio management framework

Assignment Help Project Management

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

Reference no: EM133149218

Questions Cloud

Choose employability skills : Studying management helps you gain a broad understanding of the different areas of the business world. It prepares you to have solid foundations of skills appli

What are the main reasons for resistance to change : 1. What are the main reasons for resistance to change?

What is the range of factors beyond the patient-physician : 1. Why is it important to measure both processes and outcomes? What are the opportunities and challenges for each type of measure?

Aristotle contributions to the fields of philosophy : Aristotle's contributions to the fields of philosophy and science played a key role in the development of the still widely used process of logical deduction and

Propose a portfolio management framework : Propose a portfolio management framework that would realise a companys strategic objective - portfolio and boosts collaboration andeffective risk management

What is the amount and character of lena gain or loss : In April of this year, she sold equipment purchased four years ago for $26,000 with an adjusted basis of $15,500 for $17,000. What is the amount and character

Should masisay corp recognize a write-down : Presuming the financial statements were authorized for issuance on February 15, 2023, should Masisay Corp. recognize a write-down of P4 million

Productivity improvement methods : List and describe two recent "Productivity Improvement Methods"

What issues related to gender-diversity : What issues related to gender, diversity, and/or bad leadership impacted the leader? Make sure that you tie your answers to course concepts.

Reviews

len3149218

5/22/2022 10:16:13 PM

Please refer to template provided. this is a group assignment and my part is only to make a portfolio governance plan and portfolio capacity and capability management plan. Take note: please refer to CQU GOVERNANCE STRUCTURE.... GOAL: PIONER A UNIQUE, PERSONALISED LEARNING JOURNEY FOR ALL OUR STUDENTS.

Write a Review

Required(*) Message

User Account

All Pages