Program and Portfolio Management Strategy in Your Organization!

In this discussion, complete the following:

• Analyze the communications and human resources strategies in your organization, relative to program and portfolio management, that you may have encountered and describe each strategy's strengths and weaknesses.
• Describe the details of the strategy in terms of the following domains:
  • Strategic alignment.
  • Governance.
  • Portfolio performance.
  • Portfolio risk management.
  • Communications management.
• How is communication important in program and portfolio management, considering diverse cultural environments?

Readings

In Project Portfolio Management Strategies for Effective Organizational Operations:

• Read Chapter 5, "Preparing the Organization for Portfolio Management: Overcoming Resistance and Obstacles," pages 119–152.
• Read Baptestone, R., & Rabechini, R. (2018). Influence of portfolio management in decision-making. Journal of Industrial Engineering and Management, 11(3), 406–428.
• In Project Management Institute. (2013). The standard for program management (3rd ed.). Newtown Square, PA: Author.
  • Read Chapter 8, section 8.1, "Program Communication Management," pages 73–77.

Use the Internet to complete the following:

• Read Dobrovolskienė, N., & Tamošiūnienė, R. (2015). Financial resource allocation in a project portfolio: Analysing the necessity to integrate sustainability into resource allocation [PDF]. Scientific Annals of the "Alexandru Ioan Cuza" University of Iaşi Economic Sciences, 62(3), 369–382.