Question: Portfolio Governance, Implementation and Control - This week's case study on London's Heathrow Terminal 5 provided an overview of the use of innovation in developing governance structures for managing large scale programs and projects as part of a sponsor's portfolio. Based on your assigned readings respond to the questions below:
1. In the Heathrow T-5 case explain what the authors mean by the following statement: "In each megaproject there is discontinuity between the processes required to deliver the "project" and those involved in the "operation" of the end result? Was the discontinuity between project delivery and operations resolved in the Heathrow T-5 case? If so, how?
2. As noted by the authors' of the T-5 case study, clients face choices over what type of governance structure is appropriate and how to implement the chosen strategy. What type of governance structure was used in the T-5 Project? Was the chosen governance structure successful from the perspective of the authors of the T-5 case study? Why or why not?
Portfolio Strategic Management and Value Delivery - This week we will look at an actual cost benefit analysis of the transportation and economic impacts of Boston's Big Dig, the Central Artery/Tunnel (CA/T Project). Based on your readings this week on portfolio strategic management and value delivery respond to the questions below:
1. Selecting a case study from the literature or from your professional experience, develop a basic cost benefit analysis for the selected project or program incorporating as many benefits as you can in the analysis and describe how you will calculate those benefits and deliver value to the project organizational sponsor(s).
Please note that you do not have to complete the actual calculation, but just show the methodology you would use to determine the benefits. For example, if you were calculating the benefits of reduced traffic congestion, you would calculate the time saved from traveling from one point to another; a well as the environmental impact from reduced emissions. There are many examples in the Big Dig Transportation and Economic Impacts Report (linked to Blackboard), but be creative in the methodologies you describe for calculating your own benefits. In choosing your case study, you may look to projects within your own company, or outside to projects and programs that are yet to be developed. This is a good opportunity to develop your skills in identifying and analyzing the benefits of projects and programs in an industry of your choice.