Title: Class Outline 8
Course: KVCC BUS208 > Section: Class Outlines

1.      Portfolio management system

a.      Benefits

a.      Builds discipline into project selection process

b.      Links project selection to strategic metrics

c.      Prioritizes project proposals across a common set of criteria rather than politics or emotions

d.      Allocates resource to projects that align with strategic direction

e.      Balances risk across all projects

f.       Justifies killing projects that do not support organization strategy

g.      Improves communication and supports agreement on project goals

b.      Classification of projects

a.      Compliance - must do

b.      Operational

c.      Strategic

c.      Selection Criteria

a.      Financial

i.           Payback

1.      Period in years = Estimated Project Cost/Annual Savings

ii.           Net Present Value NPV

b.      Nonfinancial

i.           Reasons

1.      Tangible

2.      Abstract

d.      Selection Models

a.      Checklist

b.      Multi weighted scoring models

e.      Applying a selection model

a.      Project classification

b.      Selecting a model

c.      Getting project proposals

d.      Ranking proposals and selecting projects

i.           Risk assessment

e.      Prioritizing

f.       Managing the system

a.      Senior management

b.      Governance team

2.      Balancing portfolio for risks

a.      Type of projects

a.      Bread and butter

b.      Pearls

c.      Oysters

d.      White elephant

Attached Files: | - KVCC BUS208_ProjectMgmt_Outline 8.pdf