Wednesday, 30 April 2014

Assignment 1: Project Proposal

Renovation of Security System and Installation of CCTV Cameras Project Proposal

Project Portfolio Management Method

The overall objective of project portfolio management is to identify the optimal mix of resources for delivery and to create a schedule of activities that will best attain a business’s financial and operational goals. At the same time project portfolio management should honour strategic objectives, customers’ imposed constraints, and other external factors to the business (Larson & Gray, 2011). The project portfolio management technique that is appropriate for this project is a heuristic model.  In addition to the heuristic model, the following project portfolio management tools will be used for the project: a systematic approach of projects evaluation, resource planning, tracking of costs and benefits, cost benefit analysis, progress reports, and communication mechanism.


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