Prioritizing The It Project Portfolio Analysis Essay Example
In the current state of IT where more needs to be accomplished with fewer resources, IT management must be involved in prioritizing projects to secure approval and funding for the organization's projects.
In 2003, “Portfolio Management: How To Prioritize and Manage Projects For Maximum Value” suggested that portfolio management is a way of fully involving a business. This process involves identifying the goals of the business and using objective criteria to prioritize and manage projects, thereby getting the highest value from the IT portfolio.
The task for the student is to choose four of Riordan’s service requests and use four criteria to evaluate each one. These criteria are: the project generates more revenue for the corporation, reduces business costs, is mandated by laws (federal, state, county or local) or executive orders, and has already been und
ertaken by a competitor.
The student will develop a scoring system which weights each criterion for Project Portfolio Management. According to “Project Portfolio Management” (2013), PPM enables organizations to strategically manage projects by aligning them with organizational objectives. Management must review portfolios and programs to determine if projects save costs, allocate resources, prioritize projects, and monitor their progression. In the field of plastic injection molding, Riordan Manufacturing stands as an industry leader.
Riordan, a worldwide plastic production company, has a workforce of 550 and is estimated to earn $46 million yearly. Its parent company, Riordan Industries, is a Fortune 1000 enterprise that owns the entirety of the organization.
Sorry, there is no text provided toand unify. Please provide the text you would like me to work on.
- Chief Executive Officer essays
- Convenience Store essays
- Firm essays
- Training And Development essays
- Unilever essays
- Variable Cost essays
- Virgin Group essays
- Bargaining essays
- Entity essays
- Pest analysis essays
- Being A Leader essays
- Servant Leadership essays
- Leadership Experience essays
- Leadership Qualities essays
- Â John Locke essays
- 9/11 essays
- A Good Teacher essays
- A Healthy Diet essays
- A Modest Proposal essays
- A&P essays
- Academic Achievement essays
- Achievement essays
- Achieving goals essays
- Admission essays
- Advantages And Disadvantages Of Internet essays
- Alcoholic drinks essays
- Ammonia essays
- Analytical essays
- Ancient Olympic Games essays
- APA essays
- Arabian Peninsula essays
- Argument essays
- Argumentative essays
- Art essays
- Atlantic Ocean essays
- Auto-ethnography essays
- Autobiography essays
- Ballad essays
- Batman essays
- Binge Eating essays
- Black Power Movement essays
- Blogger essays
- Body Mass Index essays
- Book I Want a Wife essays
- Boycott essays
- Breastfeeding essays
- Bulimia Nervosa essays
- Business essays
- Business Process essays
- Canterbury essays
