Portfolio Management

Project Portfolio Management

Project Portfolio Management

Introduction

The Scott Paper Company is a corporation that is based in the United States and engaged in manufacturing of various papers. Scott Paper was founded in 1879 in Philadelphia, Pennsylvania by brothers E. Irvin and Clarence Scott. It is considered the first company that brought to market the current concept of toilet paper. It started marketing paper towels in 1907 and napkins in the year 1930. In 1995 Scott Paper merged with the group Kimberly-Clark has retained the brand name. The company realized the important role that the diffusion of new technologies represents for the competitiveness of firms, industries and countries. For this reason, the company invested sums of resources mechanisms and processes that enable them to manage technology strategically to offer to the market innovations with price, quality and competitive terms.

The technology management has received significant importance within organizations. The ability to innovate in their processes and developing new products is that it guarantees competitiveness and, in the long run, the very existence of companies. It is necessary to make decisions about which new products or processes will be developed, which is adequate balance between the possible R & D investments and how to get the maximum their return. This field of study is called project portfolio management. It constitutes the object part, depending on its complexity and variety of tools, methods and criteria available and has vast literature over the years. Technological innovation is a powerful tool to foster increased competitiveness and sustainable growth of these companies (Levine, 2005). In order to align corporate strategies with technological opportunities, tools and methods are tested and improved.

Discussion

The project portfolio management is a process of project management that provides interconnection of strategic objectives with the management of programs and projects. Through it ...