CSSE 37210.November.2008

Portfolio Management& Project Support Office

Chapters 20-21

OutlineChapter 20 – Project Portfolio ManagementChapter 21 – Project Support Office

Chapters 20 & 21What’s a portfolio?What’s a project support office?Uses in industry

Artists, architects, photographers and other designers do “professional portfolios” of

their work, as a means of attracting more clients. Our use is a little different – it’s

what you’re working on now. Image from http://www.jointhemediacircus.com/mediacircus/2007/08/what-i-want-fro.html

.

Examples of project portfoliosProjects that all originate in the same business unit

or functional area – for example, information technology

Projects that are new product developmentsProjects that are funded out of the same budget or

from the same resource poolProjects for the same key customer

Major phases of portfolio managementEstablishEvaluatePrioritizeSelectManage

Fig 20-1.

Portfolio StrategiesStrategic Alignment ModelProject Distribution MatrixGrowth versus Survival ModelBoston Consulting Group/Services MatrixProject Investment Categories.

Boston Consulting Group Products/Services Matrix

Fig 20-03.

Project Investment CategoriesPortfolio managers must spread around the money.Investment categories:

InfrastructureMaintenanceNew productsResearch

Why PSO?Project FailureNeed for Formal ProceduresNeed for trained resourcesLack on consistency in reporting Develop skilled manpower

Project support office (PSO)A project support office is a temporary or

permanent organizational unit that provides a portfolio of services to support project teams that are responsible for a specific portfolio of projects.

Questions?