Organisation manage multiple projects under a portfolio and

Assignment Detail:- PPMP20012 Program and Portfolio Management Information Systems Part 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 and effective risk management to meet organisational objectives- PurposeThe 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- Part - 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"- - 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- Expected DeliverableThe deliverable would be a Portfolio Management Plan-In this assignment, your team would provide the portfolio management plan of the portfolio implementation, which helps you obtain the selected goal in CQU -the goal which your team has chosen--Portfolio Management Plan establishes how a portfolio is defined, organised, optimised, and controlled- It is a collection of plans- Portfolio management development is an interactive process and includes integrating subsidiary plans such as value, communication, and risk management plans-The objectives of the portfolio management plan are to:- Provide a longer-term overview-- Provide clarity to stakeholders-- Motivate people to commit to the delivery of the shared goals-- Convert the balanced Portfolio into a plan-- Provide a baseline against which progress can be monitored, reviewed, and managed-Excluding the following required components, your team can extend with additional sections and information which is relevant to the context that your Portfolio is implemented- The order of the sections is based on your team's logic, and it is part of the presentation marking criteria- 1- Document purposeIt could be written as an executive summary- In this section, you need to provide the purpose of your portfolio management plan- 2- Portfolio strategyThe portfolio strategy is a document to communicate a brief description of the vision and objectives for the Portfolio and how these objectives will be achieved and must be endorsed by senior management- The portfolio strategic plan articulates the options, preferences, and factors that will be considered in a specific portfolio that will aid the decision-makers in aligning, authorising, and controlling the Portfolio and its components with the organisational strategy, future benefit, and stakeholder expectations-It usually will have a time horizon of several years- The typical contents are:- Vision and longer-term objectives for the Portfolio,which is based on the alignment with the organisation's goals and objectives,- Overview of the strategic priorities: Investment criteria, categorisation, and classification,- High-level to be realised benefits information and how they link to the strategic objectives,- Portfolio description- 3- Portfolio Scope ManagementThe scope of a project includes all requirements in the smallest foreseeable detail- However, in portfolio management, the scope is defined strictly top-down, stemming from the overarching goals as a source of inspiration into the types of projects that are aligned with them and are likely to be initiated-The scope of a portfolio usually informs the type of projects that make up the activity of an organisation-Hence, your team should provide details:- Initiatives can be appraised and prioritised- Strategic objectives can be optimised with available resources and risks- Portfolio structure including a listing of the various portfolio components and other work -aligned to the investment criteria and categorisation in The portfolio strategy section-- Constraints and assumptions 4- The Portfolio Delivery Schedule& MilestonesPortfolio delivery scheduleshows when which project or programme will run and key milestones- This provides a baseline against which to assess the progress of the project output delivery-Key dependencies show the logical dependencies between projects within the Portfolio-

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