Proj 587 Course Project Ppm Process

815 words - 4 pages

Introduction

“Verizon Communications, Inc. is a full service telecommunications company based in New York City and incorporated in Delaware. It was formed on June 30, 2000 with the merger between Bell Atlantic Corp. and GTE Corp” (History of Verizon Wireless). Verizon currently stands as a global leader in in today’s society by its commitment to customer satisfaction and highly innovative technology. Its products and services provide the most convenient and technologically- advanced solutions for its customers by providing both broadband and wireline communications services to a large market, with services expanding to more than 150 countries.

Verizon strives to continue as an ...view middle of the document...

It also produces a higher return on investments and can lower the company’s risk because projects are carefully screened, selected and monitored.
Project portfolio management can be broken down into four components that consist of the following: selection of the right projects, optimizing the portfolio, protecting the portfolio’s value and maturing the portfolio’s processes. Selection of the right projects begins by identifying, categorizing, evaluating projects in the pipeline in an effort to see how well the project aligns with company strategy. When aligned with company strategy, there is more support from senior executives to proceed with projects in the portfolio, and project success is a given.
 
When optimizing a portfolio, projects are carefully prioritized and necessary steps are taken to ensure that limited resources are maximized. In addition, protecting the portfolio’s value consists of monitoring and controlling the projects in the portfolio to ensure they are still a good “fit” and feasible for execution. In time, best practices can be implemented to mature the portfolio's processes that will provide to be a greater benefit in pursuing future projects.
 
Successful implementation of a (PPM) will allow Verizon to ensure that the right projects are selected that supports the company’s overall strategy. It would increase productivity and reduce the possibility of proceeding with misaligned projects that waste many of the company’s resources. In addition, a PPM process will ensure that the projects selected remain aligned with company strategy by making sure the projects are still “fit” for the portfolio. This makes the process suitable for any organizational restructuring, as projects are monitored to ensure they are still in line with company strategy. Program managers charged with managing the portfolio, as well as senior executives, can get an overall view of the objectives that the project portfolio is seeking to accomplish.
 
...

Other Papers Like Proj 587 Course Project Ppm Process

Term Paper

2487 words - 10 pages from a different perspective. It is the PPM governance council that is charged with the responsibility for the key decisions that affect the project pipeline and provide the framework on the Portfolio Project Management Process (PPM) grouped into two phases as: Prioritization & Selection of Projects, and Pipeline Management. The key objective of the PPM process is to ensure that the projects bring / contribute most value to the firm. The

Final Course Project Paper

4663 words - 19 pages Tektronix Portfolio: Bringing Innovation and Satisfaction Week 7 Course Project Final Draft PROJ 587 Advanced Program Management Contents 1.0 Executive Summary 4 2.0 Organization’s Strategic Plan 5 3.0 Organization’s Strategic Capacity Plan 6 3.1 Defend the Core 6 3.2 Expansion of Sales and Products 6 3.3 Balance the Portfolio 6 4.0 Portfolio Management Process 7 4.1 Portfolio Strategic Plan 7 4.2 Portfolio

Advance Project Management Pm587, Quiz

1414 words - 6 pages your own words, write the narrative for the presentation. Be sure to address all elements of the presentation. Student Answer: Bravo Board of Directors Presentation PPM A PPM stands for Project Portfolio management. It is a management process used to develop a series of projects that are grouped into a portfolio based upon similar strategic objectives of the organization. The Project Portfolio management does not actually manage the

Cis 517 Http: //Www.Helperstudy.Com/Products/Cis-517

844 words - 4 pages demonstrate your mastery of project management techniques and tools such as Microsoft Project management in accordance with the PMBOK® knowledge and process areas. You will be graded on the quality, supported assumptions, and the level of detail. Background You are a small project management consulting company called Big-Proj that is looking for that big break. You are one of ten (1 of 10) project managers in your organization. Recently, you made

Portfolio Management and Strategic Management

701 words - 3 pages ; enabling an organization to consider and bring about a portfolio of projects to appropriate resources and optimize investments against vital objectives (Robbins Gioia, 2013). Project Portfolio Management (PPM) is used to assist an organization to gain and evaluate details about all its current and upcoming projects. Each project can then be prioritized against others based on criteria such as resources, budget, strategic value and any other impactful

Samsung-a Global Strategy

4303 words - 18 pages Keller Graduate School of Management Project Name: Samsung-A Global Strategy Group Team Name: Team B Virtual Team Members: Marco Davino, Nicholas Kittles, Spencer Thomas, & Trena Vaughner PROJ-587 Professor Robert Kenmore September 29, 2012 I. Overview In 1997 Samsung decided to accelerate the globalization of the Samsung Group and to do so the Global Strategic Group (GSG) was recognized as a key strategic partner to Samsung

Dmaic Process

648 words - 3 pages EXERCISES 2.7. Explain the importance of tollgates in the DMAIC process. At a tollgate, a project team presents its work to managers and “owners” of the process. In a six-sigma organization, the tollgate participants also would include the project champion, master black belts, and other black belts not working directly on the project. Tollgates are where the project is reviewed to ensure that it is on track and they provide a continuing

New Carbon

1684 words - 7 pages Carbon Cycle Laboratory Exercise Throughout this course, the carbon cycle is featured as one of the most important cycles on Earth. This lab uses a computer model of the carbon cycle to give you an intuitive sense for how the system works. It also allows you to experiment with how human inputs to the cycle might change global outcomes to the year 2100 and beyond. One especially relevant human impact is the increase in atmospheric CO2 levels

Proj 592 Entire

5879 words - 24 pages is one example. Do NOT propose building a house, because investors typically already have financing before beginning such a project. When selecting your project, keep in mind the goal of CP-1 is to apply the techniques introduced during the course.  Focus on detailed cost estimating, scheduling, and project justification. Estimating includes specific assumptions made during the estimating process, as well as quantities, unit prices, hourly rates

Project Portfolio Management

2613 words - 11 pages Project Portfolio Management Project Portfolio Management is a methodology to manage a company’s projects in a similar way that financial manager manages the company’s cash flow and related finances. According to Rouse (2013), “PPM (project and portfolio management) is a strategic prioritization methodology employed to analyze and manage current or proposed projects within an organization”. The purpose is to determine the best available

Hydrogen Concentration Sensor Selection for the Renewable Energy Vehicle

2446 words - 10 pages selecting a sensor, it is important to consider the available sensing methods and the specific properties of the measurand, hydrogen. The selection process leading up to the purchase of two different hydrogen sensors from Neodym Technologies, is documented and finally the method of sensor calibration is outlined. 1 INTRODUCTION The University of Western Australia’s Renewable Energy Vehicle (REV) project aims to show the viability of using

Related Essays

Proj 595 Course Project Part Ii

5831 words - 24 pages Cover Page Course Project Part II Military Retirement Ceremony Keller Graduate School of Management PROJ 595 – Project Risk Management Phillip Thatcher October 24, 2014 Edward Yerington TABLE OF CONTENTS Project Risks for Planning a Military Retirement Ceremony Course Project Part I ………………………………………………………………………………………….3,4,5,6,7,8,9 Introduction……………………………………………………………………………………………………………………………10 Decision Tree

Cis 517 Week 10 Assignment 5 Term Paper Final Project

806 words - 4 pages demonstrate your mastery of project management techniques and tools such as Microsoft Project management in accordance with the PMBOK® knowledge and process areas. You will be graded on the quality, supported assumptions, and the level of detail.   Background   You are a small project management consulting company called Big-Proj that is looking for that big break. You are one of ten (1 of 10) project managers in your organization. Recently, you

Project Resource Allocations Essay

3058 words - 13 pages costs and developing budgets. Defining the proj ect scope The project scope sets the stage for developing a project plan. It clearly states the project’s objectives and deliverables. Scope definition provides an administrative plan that is used to develop your operational plan, i.e. the plan for how you are going to run the project. Scope definition should be as br as possible, but complete. Poorly defined scope leads to project ief failure. The

Analysis Of The Components Of Project Portfolio Management And Impact On Project Managers

834 words - 4 pages to manage those change requests through a hub which will have the ability to monitor and communicate effectively and apply the resources within the budgetary and operational constraints of each project. PPM requires project managers to promptly apply change request and perform integrated change control. Resource management. The process of managing resources is considered a vital skill in project portfolio management. This includes financial