ELC 347 project management

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Project Selection and Portfolio Management

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Presentation transcript:

ELC 347 project management Day 5

Agenda Integrative Project Assignment 1 Graded 6 A’s, 4 B’s, 3 C’s, AND 2 D’s Assignment 2 Not Graded will be done tomorrow Assignment 3 Posted Due September 27 @ 12:35 Quiz 1 October 7 Chapter 1-5 M/C & essay questions Integrative Project part 1 >> Due October 30 ( more days) September 27 will be group work

Project Selection and Portfolio Management Chapter 3 © 2007 Pearson Education

Approaches to Project Screening Checklist Simple scoring models Analytic hierarchy process Profile models Financial models Payback NPV IRR Options

Project Portfolio Management The systematic process of selecting, supporting, and managing the firm’s collection of projects. Portfolio management requires: decision making prioritization review realignment reprioritization

GE Model

ElephantX Model A 9 Step process 20 questions Project guide

Keys to Successful Project Portfolio Management Flexible structure and freedom of communication Low-cost environmental scanning Time-paced transition

Problems in Implementing Portfolio Management Conservative technical communities Out of sync projects and portfolios Unpromising projects Scarce resources