Portfolio Management

Portfolio Management

Compare and contrast the project portfolio management approaches that IBM and Deloitte consulting used to rank and select the projects for their respective portfolios

The main approach that IBM took for the management of the portfolio of projects helped the company to make sure that the people of the company are able to manage their work accordingly. The main aim and objective of the company was to bring change and take steps in organizing, executing, and tracking work. They then began to organize work into projects that produced services, products, and solutions for their customers. This helped the process of the company to improve and also helped in ensuring that the right steps are taken so that their portfolios are managed in the right manner.

The main aim of the management of Deloitte was to make sure that the work that they do is beneficial for the employees and also help the people in understanding as to how they are expected to work. The company made sure that the portfolios that they managed helped the organization to link its strategic vision with its portfolio of initiatives and manage initiatives. In this manner the company was able to make sure that objectives of the portfolio management of projects are handled in an effective manner. It is important for the company to make sure that the right steps are taken and that they help the people to make sure that the projects are handled and managed in the right and effective manner.

Evaluate and discuss the strengths and the weaknesses of both approaches

The success of project management has been huge in different industries. The way it has worked has helped in the development of the different techniques and tools that prove to be beneficial for the companies. The different techniques and tools developed ...