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How can you use systmes management to help understand how projects will affect a healthcare organization?
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The centralized management of projects to ensure that the allocation of resources to projects is directed toward projects that contribute the greatest value to organization goals is known as?
portfolio management
Describe how project portfolio management is used by IT departments?
What is Portfolio Management?Portfolio management is the centralized management of one or more portfolios, and it includes identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work in order to obtain specific strategic business objectives of the organization. Just as a program is managed by a program manager, a portfolio is managed by a portfolio manager.To understand the relationship between these 3 entities, projects, programs and portfolios we need to understand that:• If an organization does not have any programs but has only individual projects, all these projects can be grouped into one or more portfolios.• If an organization has programs and no individual project external to all programs, all these programs can be grouped into one or more portfolios.• If an organization has some programs and some individual projects, all these programs and projects can be grouped into one or more portfolios.Portfolio management focuses on making sure that programs and projects are prioritized for resources to serve the organization's strategy. In simpler terms, a portfolio manager worries about the success of the whole strategy put forth by the organization rather than the success of a single project (like what we do)Therefore, investment decisions are usually made at the portfolio level. Program management focuses on achieving the benefits that would be aligned with the portfolio and hence with the strategic objectives of the organization. So, a portfolio is part of the interface between the programs and strategic business objectives of the organization for which the programs are run.
What is the relationship between strategic management and project management?
Portfolio management is the centralized management of one or more portfolios, and it includes identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work in order to obtain specific strategic business objectives of the organization. Just as a program is managed by a program manager, a portfolio is managed by a portfolio manager. To understand the relationship between these 3 entities, projects, programs and portfolios we need to understand that: • If an organization does not have any programs but has only individual projects, all these projects can be grouped into one or more portfolios. • If an organization has programs and no individual project external to all programs, all these programs can be grouped into one or more portfolios. • If an organization has some programs and some individual projects, all these programs and projects can be grouped into one or more portfolios. Portfolio management focuses on making sure that programs and projects are prioritized for resources to serve the organization's strategy. In simpler terms, a portfolio manager worries about the success of the whole strategy put forth by the organization rather than the success of a single project (like what we do) Therefore, investment decisions are usually made at the portfolio level. Program management focuses on achieving the benefits that would be aligned with the portfolio and hence with the strategic objectives of the organization. So, a portfolio is part of the interface between the programs and strategic business objectives of the organization for which the programs are run
What is the role of PMO in an organization?
The main role of the PMO (Project Management Office) in an organization is to ensure projects are aligned with standards.What is the Project Management Office?The project management office (PMO) refers to an entity in an organization that is responsible for providing centralized & coordinated management and support for all the projects executed in the organization. The projects supported by the PMO may or may not be related to one another. The functions of the PMO depend upon the organization and its culture.In general, a PMO is an interface between the business objectives of the organization and the projects. For example, depending on the organization, it may act as a stakeholder in projects and a key decision maker in the beginning of any project in order to ensure that the projects consistently support the business objectives of the organization. It may also be involved in selecting, prioritizing, allocating, and managing the project resources.Simply put, the PMO can be considered as the office that manages all the project managers in the company.
What is the relationship between strategic portfolio management and project management?
Portfolio management is the centralized management of one or more portfolios, and it includes identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work in order to obtain specific strategic business objectives of the organization. Just as a program is managed by a program manager, a portfolio is managed by a portfolio manager. To understand the relationship between these 3 entities, projects, programs and portfolios we need to understand that: • If an organization does not have any programs but has only individual projects, all these projects can be grouped into one or more portfolios. • If an organization has programs and no individual project external to all programs, all these programs can be grouped into one or more portfolios. • If an organization has some programs and some individual projects, all these programs and projects can be grouped into one or more portfolios. Portfolio management focuses on making sure that programs and projects are prioritized for resources to serve the organization's strategy. In simpler terms, a portfolio manager worries about the success of the whole strategy put forth by the organization rather than the success of a single project (like what we do) Therefore, investment decisions are usually made at the portfolio level. Program management focuses on achieving the benefits that would be aligned with the portfolio and hence with the strategic objectives of the organization. So, a portfolio is part of the interface between the programs and strategic business objectives of the organization for which the programs are run
The centralized management of projects to ensure that the allocation of resources to projects is directed toward projects that contribute the greatest value to organization goals is known as?
portfolio management
Describe how project portfolio management is used by IT departments?
What is Portfolio Management?Portfolio management is the centralized management of one or more portfolios, and it includes identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work in order to obtain specific strategic business objectives of the organization. Just as a program is managed by a program manager, a portfolio is managed by a portfolio manager.To understand the relationship between these 3 entities, projects, programs and portfolios we need to understand that:• If an organization does not have any programs but has only individual projects, all these projects can be grouped into one or more portfolios.• If an organization has programs and no individual project external to all programs, all these programs can be grouped into one or more portfolios.• If an organization has some programs and some individual projects, all these programs and projects can be grouped into one or more portfolios.Portfolio management focuses on making sure that programs and projects are prioritized for resources to serve the organization's strategy. In simpler terms, a portfolio manager worries about the success of the whole strategy put forth by the organization rather than the success of a single project (like what we do)Therefore, investment decisions are usually made at the portfolio level. Program management focuses on achieving the benefits that would be aligned with the portfolio and hence with the strategic objectives of the organization. So, a portfolio is part of the interface between the programs and strategic business objectives of the organization for which the programs are run.
What is the relationship between strategic management and project management?
Portfolio management is the centralized management of one or more portfolios, and it includes identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work in order to obtain specific strategic business objectives of the organization. Just as a program is managed by a program manager, a portfolio is managed by a portfolio manager. To understand the relationship between these 3 entities, projects, programs and portfolios we need to understand that: • If an organization does not have any programs but has only individual projects, all these projects can be grouped into one or more portfolios. • If an organization has programs and no individual project external to all programs, all these programs can be grouped into one or more portfolios. • If an organization has some programs and some individual projects, all these programs and projects can be grouped into one or more portfolios. Portfolio management focuses on making sure that programs and projects are prioritized for resources to serve the organization's strategy. In simpler terms, a portfolio manager worries about the success of the whole strategy put forth by the organization rather than the success of a single project (like what we do) Therefore, investment decisions are usually made at the portfolio level. Program management focuses on achieving the benefits that would be aligned with the portfolio and hence with the strategic objectives of the organization. So, a portfolio is part of the interface between the programs and strategic business objectives of the organization for which the programs are run
What is the role of PMO in an organization?
The main role of the PMO (Project Management Office) in an organization is to ensure projects are aligned with standards.What is the Project Management Office?The project management office (PMO) refers to an entity in an organization that is responsible for providing centralized & coordinated management and support for all the projects executed in the organization. The projects supported by the PMO may or may not be related to one another. The functions of the PMO depend upon the organization and its culture.In general, a PMO is an interface between the business objectives of the organization and the projects. For example, depending on the organization, it may act as a stakeholder in projects and a key decision maker in the beginning of any project in order to ensure that the projects consistently support the business objectives of the organization. It may also be involved in selecting, prioritizing, allocating, and managing the project resources.Simply put, the PMO can be considered as the office that manages all the project managers in the company.
What are some knowledge management categories?
Knowledge management categories include knowledge tracking and creating space on an organization's Web site for information about the organization and for descriptions of the projects of its employees.
What is the relationship between strategic portfolio management and project management?
Portfolio management is the centralized management of one or more portfolios, and it includes identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work in order to obtain specific strategic business objectives of the organization. Just as a program is managed by a program manager, a portfolio is managed by a portfolio manager. To understand the relationship between these 3 entities, projects, programs and portfolios we need to understand that: • If an organization does not have any programs but has only individual projects, all these projects can be grouped into one or more portfolios. • If an organization has programs and no individual project external to all programs, all these programs can be grouped into one or more portfolios. • If an organization has some programs and some individual projects, all these programs and projects can be grouped into one or more portfolios. Portfolio management focuses on making sure that programs and projects are prioritized for resources to serve the organization's strategy. In simpler terms, a portfolio manager worries about the success of the whole strategy put forth by the organization rather than the success of a single project (like what we do) Therefore, investment decisions are usually made at the portfolio level. Program management focuses on achieving the benefits that would be aligned with the portfolio and hence with the strategic objectives of the organization. So, a portfolio is part of the interface between the programs and strategic business objectives of the organization for which the programs are run
Why is there a new or renewed interest in the field of project management?
Managers understand that through projects, they can grow their business. By focusing on projects, management can successfully meet their strategic objectives.
Why is there new or renewed interest in the field of project management?
Managers understand that through projects, they can grow their business. By focusing on projects, management can successfully meet their strategic objectives.
Why is there a new renewed interest in the field of project management?
Managers understand that through projects, they can grow their business. By focusing on projects, management can successfully meet their strategic objectives.
Which of the following is not a management review mechanism where senior management reviews performance of projects or organization with respect to Quality?
MRM Sanjay Soni
Differentiate PPM and PMO functions?
PPM: Project Portfolio ManagementPMO: Project Management OfficePPM is the organization of projects and programs into a single portfolio.PMO is the organization that monitors the basket of pending and approved projects.
What are the inputs to the Plan scope management process?
Project management plan Project charter Infrastructure of the performing organization Lessons learned from past projects
