Program management and application portfolio management are two essential concepts that CTO’s and IT professionals must understand to help ensure future success as it presents a significant challenge that requires the commitment of considerable organizational resources. A large number of IT organizations are taking on large complex efforts that combine the delivery of IT solutions, new and changed business models, as well as overall changes to organizational structure and capabilities. These efforts typically involve several projects running in parallel, and managers are finding that "traditional" project management approaches fall short for such undertakings.
The program management discipline concept is comprised of five principles and strategies in order to obtain the desired results for managing large-scale efforts comprising parallel projects. The five major aspects are program governance, program management, financial management, infrastructure and program planning. The first principal, program governance, is the structure and practices to help guide the program while providing
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Applications professionals are turning to application portfolio management (APM) to meet those challenges” (Murphy, 2011). The application portfolio management concept involves the development and implementation of three interrelated capabilities. The first of these capabilities is the articulation of a strategy including goals, deliverables and a set of governance procedures to help guide the management of the application portfolio. The second capability is the creation of an application inventory in order to successfully monitor and evaluate key attributes of the organizations existing applications. The final capability involves building an analysis and reporting structure in order to rationalize the applications portfolio according to the strategic plan that had been
The project is going I am working is almost in the finish stage it is going into the production phase means getting to the live so that the users can able to use the application. After the developing the total code it will go to the testing phase where the testers will check the code is working properly without any errors actually the testers task is to check the code and submit to the developers if they found any errors or mistakes or else they will send the code to the production phase to deploy in the server to check the application.
As the world is constantly changing in terms of program needs and the requirements to achieve them, there is a demand for innovative and tactical ways to increase success in achieving project objectives. The ever-changing technological climate, market dynamics, relatively short-lived solutions and the arduous integration of business and I.T., have proved stumbling blocks in managing complex programs and ultimately attaining desired results on time and on budget.
Gray, C., Larson, E. (2008). Project Management: The managerial Process. New York, NY: The McGraw-Hill Companies Inc.
Patanakul, P., & Milosevic, D. Z. (2010). They are business leaders at Spotlight Corporation. In D. Z. Milosevic, P. Patanakul, & S. Srivannaboon, (Eds.), Case studies in project, program, and organizational project management (pp.409-416), Hoboken, NJ: John Wiley &
What is a program? It’s defined as a group of related projects (more than one) managed in a coordinated way to obtain benefits and control not available from managing them individually. The intent is to improve organizational performance. Program Management is the application of knowledge, skills and techniques to manage a group of related projects effectively and efficiently. It typically involves the need to identify and manage cross-project dependencies like risks, issues, requirements, design, integration, implementation, and/or customer support. "The Air Force constructs and maintains thousands of facilities around the world, and keeping these projects on time and under budget is not an easy task. It’s the responsibility of Operations
Program management is the consistent management of a set of interrelated projects designed to accomplish a single outcome.
Project Management Institute (PMI) (2013). Project Management Professional (PMP) Handbook. [ONLINE] Available at: http://www.pmi.org/certification/~/media/pdf/certifications/pdc_pmphandbook.ashx. [Last Accessed 20 April 2014].
Continental Computer Corporation experienced challenges while attempting to consolidate projects under a single project manager if the fundamental practices of project management are not in place. “One of the biggest mistake made is developing a different methodology for each type of project” (Harold Kerzner, 2004, p. 95). Proven project management ethics should be used in order to achieve a successful project outcome, therefore the use of different project procedure will just complication and errors. “Project management is accomplished through the appropriate application and integration of the 47 logically grouped project management processes, which are categorized into five Process Groups. These five Process Groups are:” (PMI, 2013, p.
PPM or Prodect Portfolio Management is the consolidated administration of the methods, technologies, and processes utilised by individual product managers or the entire product management team for analyzing and cooperatively managing existing and/or future products depending on several key features and business requirements (Investopedia, 2017). The prime focuses of PPM are to figuring out the optimum mix of resources to best accomplish a business’ financial and operational targets, while taking care of the constraints imposed on the organisation by its strategic objectives, external business factors, and it customers. Barczak and Kahn (2012, p.295) defined PPM as the procedure that helps firms to distribute resources strategically between all the services and products it offers, recognize areas of possible advancement, evaluate the product mix for ensuring sustainability and profitability, and preserve the desired link between the company’s strategies and products. The
Project management involves all activities that encompass scheduling, planning, and controlling projects. A successful project manager ensure that an organization’s resources are being used both efficiently and effectively. Most projects need to be uniquely developed require a sense of customization and the ability to adapt to any posed challenges. The scope of effective project management includes defining what the project is and what is being expected to be accomplished. Projects are imposed to fulfill a certain need and project managers must have the ability to create the proper definition. Goals and the means used to attain those goals have to be clearly stated. Project Managers must also have the ability to plan
Thiry.M (2006), in his article titled, ‘Recent developments in project based organization’, has defined portfolio management as the process of allocating and analyzing the organization resources to achieve corporate objectives and maximize the organization stake
The first and most crucial step is to create a solid plan. Plan should include the techniques, tools and data that are going to used in the project. The responsibilities of all the members should be distributed at this step. The utilization of resources and budgeting of the project should be done here. Management tools such as probability and Impact Matrix, FMEA are useful at this point.
From what I have read so far, I believe that program planning is the starting structure of a new program or starting blue prints or maybe even used to improve a program that is already in place. When dealing with program planning it involves making goals, research, setting up objectives in order to be sure to make goals and gathering some information. Information about the budget is also included in program planning, such as how much it will cost in order to provide the services that are intended by the program. Program planning helps in many ways, it basically tells us what the problem is, who is the problem’s targeted population, where is the demographic location of the targeted population, and also why is there a problem. A lot of thought and information is involved with program planning, collected by the staff and also the clients where available. The obstacles that the program may encounter along the way and the plans that will help to work around those obstacles is determined through program planning. Program planning should always be done thoroughly and carefully because as a blue print for a program we would all really like for the finishing product to be very well built, put together and organized with a great finished product. Basically program planning is a process that is in place to achieve a particular goal and/or mission. It will help to expedite change in an identified human service problem. Now, the ongoing collection of data in which the staff of the program can take into consideration when they are making some changes that are necessary improvements or future planning of the program is program evaluation. Program evaluations are what show the staff the strong points of the p...
The primary objective of system design is to analysis to thoroughly understand the organization’s informational needs or requirements to set the specifications (Satzinger, 2015). This system design is to structure the components of the final system, which serve to distributed the type of environment the user will do. When looking at application software components within the system design, the analysis needs to figure out the sub systems, and relationships to each part of the
When planning a new project, how the project will be managed is one of the most important factors. The importance of a managers will determine the success of the project. The success of the project will be determined by how well it is managed. Project management is referred to as the discipline that entails the processes of carefully planning, organizing, controlling, and motivating the organization resources so as to foster and facilitate the achievement of specific established and desired goals and meet the specific criteria of success required in the organization (Larson, 2014). Over the course of this paper I will be discussing and analyzing the importance of project management.