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Question:

Discuss about the Weekly Portfolio Learning Table.
 
 

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.

 

 

I have learnt in the process of doing this course, the to better achieve its goals, organisations need to combine the systems of program management, portfolio management, and project management. OPM provides a framework through which an organisation can move through change on the basis of consistent  practices that offer a repeatable way of doing business based on continuous improvement and learning through lessons learnt (Larry, Korinna and Claudia, 2012). OPM is an execution-focused strategy rather than one focused on strategy creation.  OPM combines knowledge, talent, and processes across an organisation to ensure all stakeholders and functions are engaged in delivering its strategy. OPM ensures the effective integration of the organisation’s management systems to maximise their engagement and their contribution to its strategy delivery.  I have also learned that OPM aligns strategy development with its implementation through deploying its collection of projects and programs for creation and delivery of business results. PMO enhances accountability and governance, ensures buy-in by stakeholders, helps navigate risks pro-actively, and helps drive the necessary change  (Milosevic, Patanakul and Srivannaboon, 2011)

While doing a course project, the OPM framework became very hand for me and my group where I was team leader; it helped me harness the available talent in the group and combine these with knowledge and process in order to complete a new previously not-done project. It enabled me to combine elements of project management, portfolio management, and program management to successfully complete a group project.

Read the book PMI Implementing Organisational PM Preface & Chapter 1 by Kerzner to better understand the workings of OPM and its implementation in a modern business perspective. I also watched Week 5 Tutorial Recording and Harold Kerzner  Video: An Introduction to the Best Practices in Project Management to better understand the importance and framework of OPM

 

Portfolio Reflection

Using the OPM framework, as I realized, is an important tool for making decisions on the projects or investments to select and focus more resources on because with the use of project management principles integrated into the OPM framework, it is possible to select not just the most viable project with the potential highest return; but also select the project most aligned with the organizations’ objectives. This was evidently used in a course project where we selected a project best aligned with the course requirements and the skills of the team 

 

References

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].

Milosevic, D., Patanakul, P. and Srivannaboon, S. (2011). Case Studies in Project, Program, and Organizational Project Management. 1st ed.Hoboken: John Wiley and Sons.

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