Project Management Successful Project Portfolio Management

Question: Explain about the Report for Project Management of Successful Project Portfolio Management ? Answer: Controlling Projects according to Plan The project manager argues on require for controlling their projects according to their scheduled plans. The challenge for the project manager is to relate the proper tools as well as methods in the project plan. Effective program management is a function that will completely define the work, schedules, monitoring process and budgets. It is based on the capability to keep the personnel involved in their work. The project manager should have the capability to obtain the assurance from the team as well as higher management (Schwalbe, 2015). They should resolve the complexities from the technical and organizational side. Senior and project manager find difficulty in recognizing the potential problems in the available data. Senior managers are better at influencing by the side aspects of the project plan such as principles of project management. Therefore, a gathering of information and analysis process is critical for the project manager. Even strong relationship among the senior as wel l as project manager makes easier steps to take a good decision-making (Philbin Kennedy, 2016). Even the project manager can get information from the planned project as well as actual data that makes the decision making more efficient. The potential problems associate more strongly with the poor performance than the real problems. The projects keep on failing due to the use of recognized project methods as well as techniques as the leadership capability is necessary for the successful completion of the project outcomes. The accomplishment of the project plan manages the time, cost as well as performance. The actual problems of the project team are the lack of leadership (Kaiser, El Arbi Ahlemann, 2015). When the project manager should not have the leadership quality, then they cannot take the possible steps for successful completion of the project plan. The reasons behind the poor performance of the project plan are the non-qualified members of the project team, poor selection of the team members, limitation of resources and critical objectives of the project plan. The other reasons for poor project performance are poor communication among the team members and lack of involvement of stakeholder. Even the poor communication leads to lack of clarity about the roles as well as responsibilities of the project manager (Philbin Kennedy, 2016). There is a lack of understanding of the project requirements. If there is any poor estimation in the planning phase, then it is one the vital causes of project failures. In order to make sure that everything is up to date with the requirements of the project, then communication among the project stakeholders should be frequent by arranging meetings. Therefore, there is required to improve over those factors. Otherwise, it will harm the quality of the project plan. San Franciscos Metro Turnback Project control processes use the tow code of accounts such as project code of account and cost code of conduct. It tracks the scope of the project change management as well as identified the potential cost of the project plan. This control processes used to make the cost decisions in order to keep the cost under control (Kaiser, El Arbi Ahlemann, 2015). Controls are required to manage the project not only based on technical risks but also based on schedule as well as costs. Johnson Controls project management procedures understand the relationship between the buildings as well as achievements. These project management procedures give deep knowledge on the buildings design as well as achieve the project goals at an optimum price (Schwalbe, 2015). This procedure will integrate the existing as well as new systems; examine the real time communications infrastructure and impact of those technologies on the tangible factors. The project control mechanism ensures that the project is properly planned. The control over the project focuses on the three elements such as performance, price as well as time. The objective of this control is to take the corrective measures for the project plan so that it should be successful. The article is referring to the cybernetic control, which focuses on the output of the project plan. If the project milestones are not measured up to the set standards, then the situation is investigated in order to see if there are any changes in the project plan (Schwalbe, 2015). During managing the project, the project manager should observe the actions even the process of monitoring breaks down. Therefore, the project manager should continue controlling the project as well as should be aware of the project activities, which represents the risk of the failure of the project (Kaiser, El Arbi Ahlemann, 2015). The information should be gathered which is the task of the project manager. Even strong relationship among the senior as well as project manager makes easier steps to take a good decision-making. References Kaiser, M. G., El Arbi, F., Ahlemann, F. (2015). Successful project portfolio management beyond project selection techniques: Understanding the role of structural alignment.International Journal of Project Management,33(1), 126-139. Philbin, S., Kennedy, D. (2016). BECOMING A COMPLETE PROJECT LEADER.Industrial Engineer: IE.,48(2), 39-43. Schwalbe, K. (2015).Information technology project management. Cengage Learning.