Project Portfolio Management - 2873 Words

Abstract This paper seeks to explain the Project Portfolio Management (PPM), the reasoning behind it as a set of processes and methodologies and how these build a group of singular projects into a stack or tier that can be holistically graded, how these processes can drive IT to become closely modelled on and aligned with business strategy. It seeks to point out successful methodologies for PPM implementation and some of the issues that can arise. The basis of PPM Project management and by extension portfolio management are curious disciplines. They attempt to present simple methodologies for guiding an activity (or group thereof) through all its stages from inception to completion, within defined cost and time boundaries. Many of†¦show more content†¦There is no mechanism to address a re-alignment of business priorities that will render the project less effective, possibly caused by a strategic change by a competitor in the marketplace or new regulations. Moreover there is no management process to safeguard against and deal with difficulties such as project over-runs and delays, projects falling out of scope, shortages of resources or possibly even duplication of effort between projects. And finally there is no mechanism to ascertain if the project truly succeeded in delivering the value to the business that was promised at inception. A Project Portfolio A project portfolio at its most simple can be considered similarly to any other portfolio, be it financial investments, artwork or even a portfolio of documents. A project portfolio is no different – it allows us to view and compare each piece of work both individually and against its fellow projects on like-for-like merit. Generally (but not always) a portfolio will belong to a specific business unit or cost centre. This is the most logical construction for a portfolio. Resources (Time/Money/People) are assigned from a pool of resources (possibly a cost code or business unit) to individual projects. An extension of this is to view each project as an investment, the sum of the resources which it is consuming. By now viewing projects as a consumer (of resources) within a business unit budget (portfolio) it becomes possible toShow MoreRelatedPrioritizing It Project Management Portfolio1390 Words   |  6 PagesPrioritizing IT Project Management Portfolio Prioritizing IT Project Management Portfolio The realities of shrinking IT budgets and increasing dependence on IT in organizations in recent years has resulted in a situation in which there is an intense competition for resources needed to execute and complete IT projects. According to Ross (2007), the shrinking IT budget in the face of increasing demand has brought new pressures to the IT function. To gain approval and funding for projects, IT departmentsRead MoreProject Portfolio Management : Project Management1432 Words   |  6 PagesProject Portfolio Management (PPM) is the centralized management of the processes, methods, and technologies used by project managers and project management offices (PMOs) to analyze and collectively manage current or proposed projects based on numerous key characteristics. The objectives of PPM are to determine the optimal resource mix for delivery and to schedule activities to best achieve an organization’s operational and financial goals ― while honoring constraints imposed by customers, strategicRead MoreProject Portfolio Management1298 Words   |  6 PagesProject portfolio management:- A competitive advantage for organizations now is doing the right projects and making sure that there are resources to complete those projects. Project Portfolio Management (PPM) is a set of business practices and a process that allows organizations to manage projects as a strategic portfolio, ensuring the alignment of programs and projects with organizational objectives. Executives need to regularly review entire portfolios and programs, determine why projects areRead MoreThe Success Of Project Portfolio Management824 Words   |  4 PagesJeffrey Pinto defines project portfolio management as, â€Å"the systematic process of selecting, supporting, and managing a firm’s collection of projects.† (p. 92). Many large firms can have multiple projects going on at the same time. These projects might support each other or can be stand-alone projects. This essay will examine the keys to successful project portfolio management and analyze the key difficulties in successfully impl ementing them. The success of project portfolio management is determined byRead MoreProject Management Practices Portfolio Management1945 Words   |  8 PagesRunning head: PROJECT MANAGEMENT PRACTICES PORTFOLIO 1 PROJECT MANAGEMENT PRACTICES PORTFOLIO 6 Project Management Practices Portfolio Brandi Miller PJM 500 ? Project Management Colorado State University ? Global Campus Dr. Arnetra Arrington May 1, 2016 Abstract PM within organizations is gaining momentum and an indispensable component of the work flow procedure. Improving organization project management can effectively improve an organization use of resources. Nevertheless, if an an organizationRead MoreProposed Project Portfolio Management Process1469 Words   |  6 PagesProposed Project Portfolio Management Process Project management has grown beyond the confines of simplistic canned applications into a discipline that is in large part process, combined with common sense and inspiration. The process of Project and Portfolio Management (PPM) derives from the practices common to project management, as expressed in applications and tools developed to help project managers collaborate with project team’s cross-enterprise.   Project and Portfolio Management solutionsRead MoreOrganizational Portfolio Management Process Project Management1102 Words   |  5 PagesORGANIZATIONAL PORTFOLIO MANAGEMENT PROCESS Project Portfolio Management (PPM) is the management of one or more portfolios through evaluation, prioritization, selection, review, execution and monitoring of projects in the portfolio. The goal is to keep the portfolio(s) aligned with the vision, mission and strategic objectives of the organization while effectively and efficiently allocating internal resources to maximize the overall value to the organization. Because UPS has a very open and consensusRead MoreRecommending A Project Portfolio Management Method For Your Selected Project1960 Words   |  8 Pages1. Recommend a project portfolio management method for your selected project. Provide a rationale for your recommendation. Provide and outline of an executive summary. The project that I have selected is Medical Billing. I am recommending Quality Management Method. This is based on the information that the quality management projects have three major processes. The first process is in setting quality standards which are applicable to the project and identify how they reach their fulfillment. A keyRead MoreProject Portfolio Management at an Organization630 Words   |  3 Pagesat a current organization Project Portfolio Management (PPM) is defined as a set of business practices and a process that allows organizations to manage projects as a strategic portfolio, ensuring the alignment of programs and projects with organizational objectives (PPM, 2013, University of Wisconsin School of Business). PPM has several major advantages over generalized portfolio management. Just because a project seems enticing does not mean it is the right project for the organization at a givenRead MoreCommon Types of Resistance to Project Portfolio Management626 Words   |  2 PagesCommon types of resistance to project portfolio management Project portfolio management can enable an organization to prune redundant or overlapping projects, use resources more effectively and to keep closer watch on projects progress to ensure projects do not go over-budget or overtime (Solomon 2002:1). However, despite the techniques obvious advantages, it can meet with profound resistance when it is implemented in practice. Turf wars are common at many organizations, in which representatives

Human Development - 1668 Words

HSV 504: Human Development-Early Memory Development Dianne Wright Post University Introduction Many human development specialists have examined memory loss of adults later in life. During the past fifty years, there have been many studies in children’s cognitive development and earlier childhood memory loss. Ernest G. Schachtel conducted studies on why people forget childhood memories as they grow older. He described the processes that could be involved in early memory loss (Crain, 2005). He was influenced by Sigmund Freud’s cognitive theory (Crain, 2005). Lev S. Vygotsky, however, described children’s early memory development as a holistic process that involved society, physiological, cultural, and economical environments. (Vygotsky,†¦show more content†¦However, he said that they are discouraged from that experience by their caregivers (Crain, 2005). It is considered rude in the west to discriminate based on smell. To say someone’s breath smells bad in public is not considered polite, so that sentiment is rarely spoken in public. Yet, bod y odor is the primary smell that would intrigue a very young child, said Schachtel (Crain, 2005). Their parents tell them that it is not good and the child learns to distance herself from that sensory pleasure. Schachtel also said that with passing of time the highly sensitive sensory experiences are lost to the children because they are repressed (Crain, 2005). Schachtel believed that adults are less sensitive to their earlier sensory perceptions due to socialization (Crain, 2005). The senses become defined as either good or bad, and adults have extensive vocabulary labeling things they see, but not food that they taste or odors they smell (Crain, 2005). Schachtel further explains the only adults that would still have their earlier perceptions intact after parental and peer socialization would be creative individuals like writers and painters (Crain, 2005). When a child gets older, many things that were accepted in infancy can become less intense because their orientation changes toward the outside senses, sight and touch. Schachtel also said that babies enjoyed the warmth of protective environments (Crain, 2005). Crain (2005) added that Schachtel was a pioneer inShow MoreRelatedThe Theories Of Human Development774 Words   |  4 PagesTheories of Human development are relevant and matter in the â€Å"real world†. In my clinical practice as a psychologist-in-training, I have found human development theories to be very useful in conceptualizing and understanding my client’s distress. I used theoretical frameworks that are based on theories of human development to guide my interventions in therapy. For example, as a brief psychodynamic clinician, I look to Freud’s theory of anxiety to understand how distress was developed for my clientsRead MoreAn Interview On Human Development2242 Words   |  9 PagesHuman develop ment is a complex lifelong process that begins when a person is in the womb of their mother and it extends to their death. Every person moves through similar stages of life as they age and move from infancy, childhood, and adulthood. However, every person within this world has their own personal development with individuality, thought process, and life as they are exposed to different environmental experiences and biology. An interview was conducted with two different individuals thatRead MoreLanguage As An Important Part Of Human Development1419 Words   |  6 Pagesdefines language as â€Å"the method of human communication, either spoken or written, consisting of the use of words in a structured and conventional way†, however this statement is not completely correct. Language is the ability to use and understand complex forms of communication, through symbols, sounds and gestures. According to the American Speech, Language and Hearing Association, language goes beyond ju st being able to speak. It is an important part of human development â€Å"The ability to understand andRead MoreHuman Development Index1601 Words   |  6 Pages The critical difference between most development models and the human development index is that most development models only focus on income while the human development index includes the enlargement of all human choices – economic, political, social and cultural which all affect income. Comparing countries’ Gross National Product/Gross Domestic Product per capita is the most common way of measuring the level of development today. This model of economic growth assessment is based on a weak foundationRead MoreHuman Development Index1635 Words   |  7 PagesIntroduction: The Human Development Index (HDI) is a composite statistic used to rank countries by level of human development and separate very high human development, high human development, medium human development, and low human development countries. The Human Development Index (HDI) is a comparative measure of life expectancy, literacy, education and standards of living for countries worldwide. It is a standard means of measuring well-being, especially child welfare. It is used toRead MoreEssay Case Study of Human Development736 Words   |  3 PagesCase Study of Human Development Anne is a 22-year-old Caucasian female currently enrolled in college. She is enrolled as a full time student majoring in Criminal Justice. She lives in a single room on campus and is three hours away from her family. She is currently in the Later Adolescence stage of development and is dealing with several different life issues. During the previous life stage, Early Adolescence, several developmental tasks had to be dealt with by the subject. While physicalRead MoreHuman Development Report1826 Words   |  8 PagesAccording to the interactive map corresponding to the latest human development report, more developed areas in the world are Europe, North America, most countries in South America, North part of Asia, North part of Africa, Australia, New Zealand, Japan, South Korea and Malaysia. Most countries in Africa and South part of Asia are considered as less developed areas. On the line graph we can see an upward trend in development for most of the countries. Moreover, some countries have been developingRead MoreAnalysis Of Human Development And Development Stages2768 Words   |  12 PagesAnalysis of Human Development David W. Miller Liberty University â€Æ' Abstract How one goes through different development stages in one’s life, can drastically affect how they are later in life. During one’s life, there are different development stages one goes through: starting with infancy and heading up to one’s death. One’s family background, culture background, social environment, etc. has a huge impact on how we deal with the development milestones in our life. It will also play out how we viewRead MoreThe Human Development Index ( Hdi )922 Words   |  4 PagesThe Human Development Index (HDI) does a pronounced disservice to India. India, a country that, through economic miracles and perseverance, has risen from the ranks of the poorest in the world to a middle-income country in the span of only a few decades. The HDI Report, which is not universally applicable and applies too much weight in certain areas, makes certain countries look better than they should or, in India’s case, artificially lower its ranking among t he world. So, although skewed, whatRead MoreQuestions On The Human Development Index1748 Words   |  7 PagesIB Mathematical Studies 2015- Internal Assessment What is the relationship between percent of the population that uses the internet and the human development index? 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Marjane Satrapi †Persepolis Free Essays

Marjane Satrapi’s book Persepolis is alternatively called by the critics a â€Å"graphic novel† or an autobiographical comic sketch. The book is made up of a series of black and white illustrations, arranged in little episodes that represent different scenes from the life of Marjane’s family, in Tehran. It begins immediately after the Islamic Revolution in Iran in 1979 and continues with the first four years of the war between Iraq and Iran. We will write a custom essay sample on Marjane Satrapi – Persepolis or any similar topic only for you Order Now The main character in the story is Marjane herself, who is ten years old when the revolution starts. Although both the language of the novel and the illustrations are very simple and straightforward, only revealing the essential facts of the story, the book is nevertheless very effective and delivers its message as well as any other text. The scarcity of text doesn’t cut down on its literary value, on the contrary, the book seems to gain a lot from this brief and report-like writing style. The main reason for this is the fact that the author creates a sharp contrast between the objective, documentary style, with its brief sentences and its matter-of- fact information and the personal narrative that is actually conveyed to the reader. The subjective point of view in the book is only hinted at in an apparently impersonal tone. Moreover, Marjane Satrapi intentionally substitutes the ten years old girl for herself, and thus manages to register her reaction as a child to the religious and political movements in Iran. The girl actually grows as a character by the end of the book, passing, like any character of fiction, from one stage to another in her development. This is achieved mainly through the careful notation of the child’s reactions to every event mentioned in the book. Although all the statements in the novel seem unbiased, Marjane Satrapi succeeds in conveying her own message as if she had written a truly subjective and explanatory narrative of her experiences. Although very succinctly, the book captures the absurdities of the fundamentalist movement in Marjane’s country, with the array of social and political transformations that took place afterwards. All this is done in an ironic tone, although again, the writing style remains unornamented. One by one the main social and political problems are displayed, from the dispute around the subject of the veil that the women have to wear all the time, according to the fundamentalists, to the closing of the all bilingual schools and of all universities for two years, or the closing of the American embassy because of the attacks of the religious fanatics. The author cleverly unmasks the backward views of the new political regime, who was capable of closing the schools so as to ward off the â€Å"dangerous† capitalist ideas that were cultivated there: â€Å"The educational system and what is written in schoolbooks, at all levels, are decadent. Everything needs to be revised to ensure that our children are not led astray.† (Satrapi, 25) At the same time that the crucial events of going on in the country are related (mostly in the form of television reports, as the family actually found out the news probably), there are also many events that involve the family as well, like the women’s protest against fundamentalism and â€Å"the veil†, which is rapidly suppressed by the political forces, or the attack that the girl’s mother suffers on the street because she doesn’t wear the veil. Society also changes, and the parents of the girl note that the same people who engaged in usual â€Å"liberal† activities before, like wearing â€Å"modern† clothes or drinking, suddenly change these habits outwardly and start lying. The moment when Marjane’s mother tells her to tell everyone that all she does at home is pray is very ironical: â€Å"If anyone asks you what you do during the day, you say pray, you understand?†(Satrapi, 29) In very few words and illustrations, Satrapi manages to portray the Iranian society after the Islamic Revolution, with its insincerity and fear of persecution. All through the book, Marjane evolves by reacting to the environment that surrounds her and by understanding new things. The author carefully transcribes her reactions: for example, during first episode or â€Å"The Veil†, the girl remarks that she â€Å"really didn’t know what to think about the veil† (Satrapi, 2), capturing thus the dilemma and confusion of the child, who although deeply religious, was at the same time used to the modern ways of her family. Other reactions and feelings are registered in the book, like the dream of the girl to become a prophet, or the moment when the family comes back from Spain to find out that the war had begun in Iran, and Marjane experiences a feeling of patriotism, and discovers that she wanted to fight for her country. Her desire to become a chemist like Marie Currie follows, and then more rebellious years as an adolescent who listens to American music. All these examples and many more, manage to portray ten years old Marjane as a strong character who is able keeps her views in the midst of the general confusion and fear, and to cope with the war and violence that surrounded them. The book makes a good literary work especially because of the personal voice of Marjane, which although it is not really heard as such, vibrates through the ironic and objective style. The genre that Satrapi creates is thus at once documentary because it is true and autobiographic, and literary, since as all literary works, it manages to convey much more than can be read at the surface of the text Works Cited: Satrapi, Marjane. Persepolis. New York: Pantheon Books, 2003 How to cite Marjane Satrapi – Persepolis, Essay examples