Chapter 2 organization strategy and project selection Chapter Outline 1. The Strategic Management Process: An Overview A. Four Activities of the Strategic Management Process 2. The Need for a Project Portfolio Management System A. Problem 1: The Implementation Gap B. Problem 2: Organizational Politics C. Problem 3: Resource Conflicts and Multitasking 3. A Portfolio Management System A. Classification of the Project 4. Selection Criteria A. Financial Criteria
Words: 5262 - Pages: 22
and effective leadership to complex projects Effective communicator who relates well to diverse groups of people at all levels within an organization Global perspective, cultural sensitivity, and fluency in written and oral Spanish Persuasive, articulate individual who easily meets people and quickly engenders trust and confidence Acumen for building and sustaining relationships by providing exceptional customer service Proven team leader adept at prioritizing, delegating, and motivating employees
Words: 958 - Pages: 4
INFORMATION TECHNOLOGY MANAGEMENT INTRODUCTION With a weakened global economy, consumer confidence at record lows, and widespread layoffs unlike anything we have seen in over eighty years, information technology is taking on new roles in the business world. CIO's are relying more heavily on IT in order to reduce operating costs, increase productivity and give their companies a competitive edge. Historically viewed as an expense and liability, IT is now being thought of as strategic business
Words: 7761 - Pages: 32
ETM 502 – Project Management in Engineering and Technology – Assignment 1 REVIEW QUESTIONS P18, RQ1 - Define a project. What are five characteristics that help differentiate projects from other functions carried out in the daily operations of the organization? As PMI have defined, a project is a temporary endeavor undertaken to create a unique product, service, or result. The characteristics of a project help differentiate it from other endeavors of the organization. The major characteristics
Words: 1264 - Pages: 6
of America provides more transparency and reduces duplicity in projects compared with their old method. Volkswagen established a Project Management Office (PMO) and required business units to prepare the list of proposed projects at the beginning of the year. This was a great first step in highlighting the similarities amongst the projects prior to budgets being set and work being done. It also identified the dependencies of projects on one another and allowed some to be de-scoped for subsequent
Words: 1524 - Pages: 7
International Douglas F. Prawitt American Accounting Association Chuck E. Landes American Institute of CPAs (AICPA) Richard F. Chambers The Institute of Internal Auditors Sandra Richtermeyer Institute of Management Accountants Preface This project was commissioned by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), which is dedicated to providing thought leadership through the development of comprehensive frameworks and guidance on enterprise risk management, internal
Words: 5365 - Pages: 22
effectiveness and limitation of implementing and managing a Project Management Methodology. Project Methodology achieve benefits of business, produce, improve products, services, design and develop systems, and invest in company infrastructure through project activities (Davies & Hobday, 2005; Shenhar & Dvir, 2007). Standardizing these project activities by means of formalized, generic PMMs (Gunnarson, Linde, & Loid, 2000). It improves project performance by means of ensuring successful management
Words: 2637 - Pages: 11
Proposing a Project Portfolio Evaluation and Selection Process Executive Summary Taking into account the poor performance of our current projects due to a weak portfolio management process in place, the Operations SBU has come to the determination that if we are to move forward in accommodating new projects along with our existing ones, the current system must be reviewed and redesigned for better decision-making. This proposal defines a framework for project portfolio evaluation and a project selection
Words: 2454 - Pages: 10
Project Selection and Risks Miguel Rodriguez Project Management Integration Framework BA647 Grantham University Project Selection and Risks Project selection and project risks go hand in hand. Choosing or even not choosing a project, can create risks. Projects are designed to allow organizations to either develop something new or to improve on something already in place. Any given organization can have many good projects that can improve its products, but if the organization is lacking
Words: 863 - Pages: 4
Keller Graduate School of Management Project Name: Samsung-A Global Strategy Group Team Name: Team B Virtual Team Members: Marco Davino, Nicholas Kittles, Spencer Thomas, & Trena Vaughner PROJ-587 Professor Robert Kenmore September 29, 2012 I. Overview In 1997 Samsung decided to accelerate the globalization of the Samsung Group and to do so the Global Strategic Group (GSG) was recognized as a key strategic partner to Samsung Affiliates. The business venture started with a class
Words: 4265 - Pages: 18
