1. ELC 347 project management
Day 5

2. 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 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

3. Project Selection and Portfolio Management
Chapter 3
© 2007 Pearson Education

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

5. 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

6. GE Model

7. ElephantX Model
A 9 Step process
20 questions
Project guide

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

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