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Project Management Weekly Portfolio Learning

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Question:

Discuss about the Project Management Weekly Portfolio Learning.
 
 

Answer:

Weekly Portfolio Learning Table

Topic and reading samples.

Your personal learning outcomes from this course.

Learnings from your experience.

Supporting documentation including your prior learnings.

LEGISLATION, STANDARDS, FRAMEWORKS, GUIDELINES, METHODOLOGIES.

 

 

OPM is an important strategy that organizations can use, based on their unique circumstances, to improve the performance of their strategy delivery. An important lesson I gained from the course is that OPM is a methodology framework that can be used to connect the highest level vision and mission of an organization to hands-on projects execution. With OPM, organizations can manage programs, projects, and portfolios, in alignment with achievement of its strategic goals in a systematic manner.  Further, I have learned that while project management focuses on process and efficiency, the OPM provides an even better framework that links strategy and project results as it combines project management,  program management, and portfolio management and aligns them with organizational strategy and objectives.  These practices are then fit to the organizations’ specific situation, context, and structure. I also learned how it benefits strategy execution for an organization

Working as an intern in a retail organisation that sought to establish an e-commerce shop, I was part of the team to implement the strategy.  I used elements of OPM and its tools to align the company’s goals and objectives with the OPM framework and it helped us combine talent with the project management process and knowledge to meet the objective of a successful e-commerce presence

I have understood the course reading requirement by reading Kerzner’s PMI Implementing Organizational PM

 

Portfolio Reflection

Usually, project managers use the project portfolio management process to evaluate the potential returns on a project; however, I have come to the realization that when OPM is incorporated into the portfolio, the core enabling processes of OPM added to input form the organization into the active organization portfolio creates a high level view of the entire portfolio. This helps create better forecasts and visualisation that top management and decision makers can evaluate; resulting in better selection for projects, as guided by the strategic plan of the organization and available resources. This was helpful when deciding which social media platform and e-commerce framework to use for the best results; forecasting helped with selection and resource utilization that created the greatest impact.

References

Ipsaro, M. (2017). Organizational Project Management – How OPM Connects Strategy to Results - Integrity Matters. [online] Integrity Matters. Available at: https://www.integritymc.com/blog/2014/05/organizational-project-management-how-opm-connects-strategy-to-results/ [Accessed 8 Apr. 2017].

Larry, B., Korinna, S. and Claudia, B. (2012). PMO - Organizational Project Management (OPM). [online] Pmi.org. Available at: https://www.pmi.org/learning/library/pmo-opm-performance-strategy-6075 [Accessed 8 Apr. 2017]

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