CSSE 372 10.November.2008 Portfolio Management & Project Support Office Chapters 20-21.

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Presentation transcript:

CSSE November.2008 Portfolio Management & Project Support Office Chapters 20-21

Outline Chapter 20 – Project Portfolio Management Chapter 21 – Project Support Office

Chapters 20 & 21 What’s a portfolio? What’s a project support office? Uses in industry Artists, architects, photographers and other designers do “professional portfolios” of their work, as a means of attracting more clients. Our use is a little different – it’s what you’re working on now. Image from rcus/2007/08/what-i-want-fro.html. rcus/2007/08/what-i-want-fro.html

Examples of project portfolios Projects that all originate in the same business unit or functional area – for example, information technology Projects that are new product developments Projects that are funded out of the same budget or from the same resource pool Projects for the same key customer

Major phases of portfolio management Establish Evaluate Prioritize Select Manage Fig 20-1.

Portfolio Strategies Strategic Alignment Model Project Distribution Matrix Growth versus Survival Model Boston Consulting Group/Services Matrix Project Investment Categories.

Boston Consulting Group Products/Services Matrix Fig

Project Investment Categories Portfolio managers must spread around the money. Investment categories: Infrastructure Maintenance New products Research

Why PSO? Project Failure Need for Formal Procedures Need for trained resources Lack on consistency in reporting Develop skilled manpower

Project support office (PSO) A project support office is a temporary or permanent organizational unit that provides a portfolio of services to support project teams that are responsible for a specific portfolio of projects.

Questions?