Assignment
PART A:
Question and Answers: Each will be approximately one page each or less. Bullet format is ok.
a) If you are in a job interview and they ask you:"What is the difference between a project, a program, a portfolio, and an Operation. How will you answer that question? Give an example to illustrate."
b) In the same job interview you are asked another question: "Can you tell me briefly the life cycles for a Project, a Program and a Portfolio? In other words what are the different stages they evolve through?"
Part B:
Your MET AD 646 Course outline (given to you at the start of the course) we listed the course learning goals as shown below. Let us attempt to gauge your knowledge using your group project as a case study.Other knowledge acquired in the PM courses you took can also be used.
The format is flexible but I have shown an example template for answers to make it easy for you.So you need to fill in your responses where it says A, C, C or X and Y or where there is a gap to write your responses. Most responses will require a sentence or two.
1. Upon completion of this course you will be able to appreciate the role of portfolios, programs and projects within the context of benefits realization.
2. Compare the importance of benefits realization with value creation and understand why successful programs need both.
3. You will be able to leverage a modern Project and Program Management (PPM) enterprise tool to plan and map new capabilities at the enterprise level.
4. You will become familiar with the important terms and concepts related to program and portfolio management and the current processes and knowledge areas of global PPM standards.
5. You will be able to demonstrate capability in applying key Program and Portfolio tools, as it pertains to
• Strategy and Portfolio development
• Enterprise Resource Planning
• Managing schedules at the enterprise level
• Centralized Management of risks using PPM software
• Using PPM Reports and Dashboards
6. You will be able to describe the role of the modern Program and Portfolio manager, and distinguish it from the role of the project manager.
7. You will be able to discuss the range, scope, structure, culture, and complexity of modern programs and portfolios, and be able to connect them to the organization's strategic mission and to operations
8. You will gain proficiency in integrating the project management life cycle into the higher-level programs, portfolios and operations of an organization, with the commensurate financial metrics and drivers.
Copy and paste diagram or write project and milestones below....
9. Establish the performance baseline for the program and define the key performance indicators and program metrics required to effectively monitor the delivery of the program benefits.
10. Define and prioritize program components and their interdependencies.
11. Develop a methodology for stakeholder engagement and define the roles and responsibilities of both internal and external stakeholders.
12. Plan and implement the strategy, tactics, and processes needed for successful program management.
PART C:
Case Study: Your professor was in a committee created by the Boston University President and Provost to contemplate on a Digital Strategy for Boston University (CETLI). Please answer the following questions after your read the information in the appendix and any Google Search about Boston University.
Question 1:
What is the strategic Framework for Boston University
• Mission:
• Vision:
• Values:
Question 2:
For the Digital Learning strategy initiative what is the recommended focus. I have left the case study example or GMX. Delete it and write for BU Digital learning initiative.
• Strategy
o To focus on GMX's core competence and to develop and market product innovations in DNA microarray technology
o To build new strategic partnerships with third-party gene sequencing manufacturers and to improve existing ones
o To develop and market new products for seamless integration of arrays with the sequencers
Question 3:
Objectives:
SMART objectives are developed for each one of the above strategic goals. These objectives are presumably agreed to by the executive team and the key stakeholders.
For any one strategic goal write two objectives - these will eventually becomea new portfolio or program and sometimes a project.
I have left the examples below from the GMX case study.
Strategic Goal 1: Introduce into the market at least three major new products to generate a revenue of at least $35 million over the next four years.
Strategic Goal 2: Introduce the product portfolio into Brazil within the next 18 months and obtain at least one major client to generate revenue of $5 million or more.
Appendix - study material for the final exam and case study is shown in the appendix
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
Attachment:- APPENDIX-A.rar