Project Portfolio Management
Company M, an established software company, provides inventory management software for business that wish to sell merchandise on online markets. These markets include Amazon.com, eBay.com, Alibris.com, Abebooks.com, and Play.com. Periodically these markets make new changes in how they operate, which requires Company M to adjust the way they contact and handle data. These changes present Company M with a set of maintenance projects that are required to maintain the software’s stability. Along with these variable changes, Company M, also needs to stay competitive by providing new features to add their own value against their competitors. Currently, Company M prioritizes projects based on market changes and customer needs. As the market presents new changes, the resulting projects are moved to a project list with high priority. As demand for new features are made by customers, they become new projects and are also placed on the project list. With an ever increasing number of projects to work on, resources become scarce and projects begin to be placed on hold or cancelled all together. Determining which projects are allocated resources is a subjective decision rather than based on analysis. This project will analyze Company M’s current situation and create a project portfolio management process, which, if used as described, will allow for more accurate and consistent decision making in the project selection process while ensuring projects align with company business strategy, giving Company M a better chance of success over its competitors.
Chenchugopal, Arun; Huynh, Hai; and Jovonovic, Stevan, "Implementatiuon of Company-Wide Project Portfolio Management System" (2008). Engineering and Technology Management Student Projects. 1087.