Title: Class Outline 7
Course: KVCC BUS208 > Section: Class Outlines

a.      What needs to be done to achieve objectives

b.      Other questions

a.      Who are the customers

b.      What are their needs as they see them

c.      SWOT analysis

a.      Strengths - Internal

b.      Weaknesses - Internal

c.      Opportunities - External

d.      Threats - External

1.      Set objectives to achieve strategies

a.      Where we are headed and when we will get there

b.      SMART Goal setting

2.      Implement Strategies through projects

a.      How strategies will be realized

3.      Problems

a.      The implementation Gap

b.      Organization Politics

a.      Sacred Cow

c.      Resource Conflicts and Multitasking

4.      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

ii.           Net Present Value NPV

b.  Nonfinancial

b

b.      Nonfinancial

Attached Files: | - KVCC BUS208_ProjectMgmt_Outline 7.pdf