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Overall Project Portfolio Success

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Topic: Overall Project Portfolio Success
Order Description
Write an analysis of the potential impact of the early and front-end part of the PPM process on ‘overall project portfolio success’. For your analysis, assume that this part of the process includes ‘ideation portfolio management’ (Heising, 2012) and the ‘pre-screening’ stage in Archer and Ghasemzadeh’s (1999) framework for project portfolio selection.
Key Concept
Programme/p ortfolio f ormulation
The focus of this week is programme/portfolio formulation. You will consider two key
issues involved in programme/portfolio formulation: the need to ensure a
programme/portfolio is set up in the right way and the need to ensure the correct
projects are selected and appropriately prioritised. In the next two sections you consider
each of these issues in turn. You end by analysing aspects relating to success criteria;
as, in order to effectively formulate and manage programmes and portfolios,  you need a
clear idea of how their success will be measured by the key stakeholders.
Strategic alignment and programme formulation
Regardless of the actual details of the process adopted for formulation of a programme,
organisations should recognise the overall premise of a successful programme.
Organisations need to ensure strong alignment between the implementation of the high-level strategy of the organisation and the forming of the programme. This issue of
alignment is analysed in a study by Ritson ,  Johansen and Osborne (2011). The authors
developed a theoretical model and set of hypotheses that proposed a number of
interrelationships between the successful delivery of a programme and six core
concepts: 1) program governance; 2) systems, sub-systems and processes; 3) learning
and innovation; 4) internal and external environments; 5) continuous alignment; and 6)
corporate strategy. This model is shown in diagrammatic form in Figure 1, page 22. In
their explanation of the model, the authors emphasise the multi -dimensional nature of
‘success ’,  which can be viewed from a number of perspectives (see ‘Theoretical
background and model ’ section pp.22- 25).

 
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