Critically evaluate the strategic value of project management and project portfolio management, paying particular attention to their potential impact on project management life cycles, project offices, change management, resource
management and organisational change.
Demonstrate understanding and initiative in the application of project portfolio management tools, techniques and processes to achieve improved business practices and performance and integrate sustainable project outcomes
Assessment 3 builds upon the second assessment but focuses on topics surrounding project
portfolio management. This assessment is designed to highlight the skills, methodologies,
tools and techniques required in project selection and management of a portfolio in order
for an organisation to meet its specific business objectives. As organisations become more
multi-faceted, evaluating the performance of their project portfolios becomes more
complex and new methods of evaluation must be developed to account for this complexity.
Improving performance is also a key determinant for achieving organisational success
which, in turn, is related to the project portfolio management maturity level of the
organisation which may vary considerably. During implementation, organisations will be
impacted by changes created by project and portfolio management initiatives and the
project manager’s response must be cognisant of the corporate culture in which it is taking
place and the strategies needed to account for any adverse impacts.