Prioritizing the IT Project Portfolio

Defin” rel=”nofollow”>ine what is meant by IT “project portfolio,” and differentiate it from project management. Describe briefly the process by which executive management evaluates proposed projects, potentially acceptin” rel=”nofollow”>ing them in” rel=”nofollow”>into the active set of projects in” rel=”nofollow”>in execution within” rel=”nofollow”>in the portfolio. Establish roles important for the process of evaluatin” rel=”nofollow”>ing, acceptin” rel=”nofollow”>ing or rejectin” rel=”nofollow”>ing the projects, securin” rel=”nofollow”>ing fundin” rel=”nofollow”>ing, and trackin” rel=”nofollow”>ing them at an executive level. Show the process in” rel=”nofollow”>in an origin” rel=”nofollow”>inal process flow depictin” rel=”nofollow”>ing at least one decision poin” rel=”nofollow”>int and rejection review loop for editin” rel=”nofollow”>ing and resubmission of project proposals for acceptance in” rel=”nofollow”>into the project portfolio.Identify the IT projects for a real or made up company of your choice. You can draw on your past experience or create your own projects. Identify 5 to 8 projects so that you can compare projects described in” rel=”nofollow”>in the assignment. The report must evaluate each identified project again” rel=”nofollow”>inst the followin” rel=”nofollow”>ing criteria: -The project fits within” rel=”nofollow”>in the organization’s objectives -The project drives or creates more revenue for the corporation -The project cuts the cost of doin” rel=”nofollow”>ing busin” rel=”nofollow”>iness -The project is mandated by laws (federal, state, county, or local) or executive orders -The competitor has undertaken a similar project
Determin” rel=”nofollow”>ine recommendations for the best set of sequencin” rel=”nofollow”>ing for the approved projects. Answer the management questions: (a) what projects have dependencies?; and, (b) what projects can be executed concurrently?

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