Project Portfolio: Case Study

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Project portfolio is also referred to as the company’s aggregate project plan. Its primary purpose is to define whether the organization succeeds in managing all of its projects. An aggregate project plan is made to determine whether a company is good at achieving it long-term objectives. The reason for its development is that the organization usually has way too many projects because it focuses on the financial attributes of them, not their contribution to the set goals. The point here is to define the appropriate order in which to conduct operations so that both financial and strategic objectives of the company are achieved. What should be taken into consideration is the project type and project life cycle. There are few types of projects included in project portfolio: derivative aimed at improving output and performance; breakthrough for developing new kinds of processes based on the newest technologies; platform close to breakthrough, however, they depend on the existing technologies; and R&D designed for developing new knowledge (Meredith & Shafer, 2013). They are often used to create project matrixes. What is special about this type of project management is that every project is carried out by the team formed specifically for it of the…show more content…
First of all, GM focuses on the productive system of project management. The company makes sure that its project managers are trained according to its global standards and are highly skilled. Moreover, special attention is paid the leadership features of the managers, so that they are able to coordinate the process and teach the employees if needed (Iamratanakul, 2013). However, the company has faced a challenge of quantity over quality because it focuses on the speed of finishing tasks, not on the essence of the progress (McKie, 2014). It means that planning and scheduling are successful, but the control tools are not always
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