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Hi, I need help with essay on W8 Follow Up:Making project portfolio management sustainable in an organization. Paper must be at least 500 words. Please, no plagiarized work!Higher management actively
Hi, I need help with essay on W8 Follow Up:Making project portfolio management sustainable in an organization. Paper must be at least 500 words. Please, no plagiarized work!
Higher management actively participated to communicate with employees through e-mails and quarter meetings in post-merger scenario to build confidence and trust with the employees. The strategy for project portfolio management implementation was based on four keywords “imaginative, proactive, ambitious and real” to ensure involvement of employees for achieving the common goals. Pinto and Morris (2007) state that “Missions and Goals” shape the strategic choices of the company which, in turn, shapes the business and global strategies. Further, training of employees on project management would enable the company to equip project teams with necessary knowledge and skills n project management. When the portfolio increases in size, a need for project or portfolio management office (PMO) may be realized with responsibility of identifying the best practices in project management and developing the templates and documents to standardize the project management processes. At present, the project management processes in the company are not defined on a standard format highlighting the importance of creating a PMO. Another factor that presented challenges to the company was “Multiple Organization Agendas” in a post-merger scenario. Although, number of issues were already resolved but there still existed some minor discussions between the departments as a result to diversity in culture of merged organizations. Another important aspect is the management of the multi-cultural teams. Training of project teams in this area to help them understand the culture values and norms of each other can remarkably reduce the risk of misunderstanding and would improve the efficiency of the project team.
Major cultural challenges faced by the McElroy Translation Company included arbitrary deadlines and project acceleration without proper justification and independent working
