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Proj 587 Course Project Ppm Process

In: Business and Management

Submitted By nujoii
Words 786
Pages 4

“Verizon Communications, Inc. is a full service telecommunications company based in New York City and incorporated in Delaware. It was formed on June 30, 2000 with the merger between Bell Atlantic Corp. and GTE Corp” (History of Verizon Wireless). Verizon currently stands as a global leader in in today’s society by its commitment to customer satisfaction and highly innovative technology. Its products and services provide the most convenient and technologically- advanced solutions for its customers by providing both broadband and wireline communications services to a large market, with services expanding to more than 150 countries.

Verizon strives to continue as an industry leader by continuously perfecting its products and services to meet the changing needs of its customer base. To guarantee success, Verizon required a solid process for ensuring successful execution of business objectives in planning for advancement of their technology. In turn, Verizon created an exceptional PMO by including best practices used since 2006. The PMO aims to be financially efficient in an effort to support strategies for the organization.
The purpose of this paper is to create a portfolio management plan for Verizon that shows how its organizational strategy and project alignment has contributed to Verizon’s success in becoming a “top performer” in its industry.

Portfolio Management Process

Project Portfolio Management (PPM) allows a company to choose the right set of projects that align with the company strategy at the right time. Its purpose is to effectively execute company strategy and, in turn, maximize the overall value of the organization by appropriately managing the projects in the portfolio. PPM also allows program managers to select, review and prioritize projects in the portfolio as well as properly allocate limited resources in an...

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...PROJ-587 Advanced Program Management - Week 8 Final Exam - Devry * ------------------------------------------------- * ------------------------------------------------- * ------------------------------------------------- * ------------------------------------------------- * ------------------------------------------------- 1. (TCO B) Some believe that a project management office (PMO) is nothing more than yet another level of management with the associated added cost and bureaucracy. Project Management experts tell us that this is a good thing. Which of these points of view is correct, and how do you (in your own words, though you may cite your readings to support your view as necessary) justify your conclusion? Remember that business thinks primarily in terms of dollars and benefit/cost ratios. (Points : 20)   2. (TCO B) One of the most traumatic decisions a project manager must sometimes make is to cancel a project. In an article titled "How to Fail In Project Management without Really Trying," Business Horizons Reprint No. BH010, the following (whimsical but true) reasons that projects go out of control were identified: 1. Ignore the project environment, including stakeholders 2. Push a new technology to market too quickly 3. Don't bother building fallback positions 4. When problems occur, shoot the one most visible 5. Let new ideas starve to death from inertia 6. Don't bother conducting feasibility studies 7. Never admit a project......

Words: 876 - Pages: 4