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What is a project portfolio management system?

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.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


What is the difference between project manager and line manager?

A Project Manager manages the work taken up by a single project whereas the Line Manager will be managing the work taken up by a line of projects. Usually projects in organizations are aligned based on the line of business, catered to, by the project. Hence, they will have a Line Manager who manages all those projects The Line manager will interact/liase with the Project Managers who manage the projects that fall in his line.


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 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 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

Related Questions

When was Swaziland Single Mothers Organization created?

Swaziland Single Mothers Organization was created in 2009.


Is this a Single Business Organisation or Multi-Business Organisation?

To determine if an organization is a Single Business Organization or a Multi-Business Organization, consider its operational scope. A Single Business Organization focuses on a single product or service line, while a Multi-Business Organization operates across multiple sectors or offers diverse products and services. If the organization has various divisions or subsidiaries engaging in different industries, it is classified as Multi-Business; otherwise, it is a Single Business Organization.


Is Record Manager single?

yes


In terms of the hierarchical organization of life a bacterium is at the level of what organization?

Single-Celled Organism


What is a break bulk cargo?

A break bulk cargo consists of single units or containers of freight.


What is the maximum size of liquid containers allowed on an airplane?

The maximum size of liquid containers allowed on an airplane is 3.4 ounces (100 milliliters) per container, and all containers must fit in a single quart-sized clear plastic bag.


What are the benefits of investing in single tenant net leased properties?

Many people consider single-tenant, net-leased properties as bond-like investments because of their stable, predictable returns. Because tenants commit to long-term leases, there's very little re-leasing risk. Moreover, single-tenant, net-leased investments can be tailored to an investor's risk-reward expectations by choosing tenants with different credit profiles. For example, some tenants are rated by national credit ratings agencies while other tenants have only their previous financial performance to recommend them.


How are single-tenant net leased assets valued?

Unlike traditional real estate investments whose valued is determined exclusively by the real estate itself, a single-tenant, net-leased property's value is determined by a combination of factors including the tenant's credit, the length of the lease and rental escalations over the term, and, last but not least, the real estate. In markets where the real estate experiences wide valuation swings, a single-tenant, net-leased property will maintain its value because of its bond-like, long-term lease and the credit tenant guaranty for the lease.


Where do hospitals get their sharps containers from?

There are a few companies which produce sharps containers. Some of them are single-use and others are reuse-able. A few websites, for example Sharps Containers and Medline, sell those items. It is also possible the hospital has a contract with another company that takes care of the disposal of medical sharps and supplies the containers.


What is the simplest form of cell organization?

A single cell.


What is the maximum size of fluid containers that are allowed to be carried on a flight?

The maximum size of fluid containers allowed to be carried on a flight is 3.4 ounces (100 milliliters) per container, and all containers must fit in a single quart-sized clear plastic bag.


What single container uses up the fewest resources from the environment?

Reusable containers, such as stainless steel or glass bottles, would use up the fewest resources from the environment since they can be used repeatedly without needing to be constantly replaced like single-use containers.