Project Portfolio Management (PPM) is a systematic approach to decision making, selection and management of projects based. PPM is the strategic process that determines the level of priority of projects and whether the project will be successful or terminated. PPM is vital to organisations as it identifies and quantifies projects by prioritising the projects based on the highest value in accordance to the organisation’s resource capabilities. PPM is an effective process that enhances an organisation’s competitive edge by evaluating factors such as practices, procedures, organisational structures and human factors. These factors consider the organisation’s team and reporting structure, level of support and commitment and the overall impact to the organisation.
Taking this into consideration - Tanglewood’s rich history, its competition, current staffing strategy and desire to grow and maintain a strong internal culture - I have detailed my recommendations below. They are sectioned into the thirteen areas of concern highlighted in the report provided me and are closely tied to the company’s mission and values: Acquire or Develop Talent I recommend acquiring
This system can be only possible with an appropriate fusion of right selection of computer hardware and software. To better implement an ERP system in a firm, also a particular guideline is needed to help employees build their own set of procedures. The Cisco ERP implementation project has been great success and is well known for its design, network, communication and services. Often, Cisco ERP is considered as a standard for other ERP implementation. Their achievement was tied in with several contributing factors: - At Cisco, top management provided full support to projects from the very beginning.
Explain why such a project would be beneficial. What procedures might you use to ensure that the project was sponsored and supported by the organisation? Define the project, write a project narrative and develop a project plan, including the processes that would be used to manage financial, technical, human and physical resources. In developing your project plan, consider: 1. Who are your project’s stakeholders? 2.
Globalization, technology, innovation, diversity and ethics are the internal and external factors that require the four functions of management to ensure the success of a company. Companies may fly high for a while, but they cannot do well for every long without good management (Bateman & Snell, 2011). Globalization is the ability to trade and provide goods, services and capital worldwide. A good management team is required to run an organization as they embark on expanding their business globally, meeting the needs of their customers located anywhere in the world. Globalization directly affects the core
Employees are motivated and engaged when they can see a career path for their continued growth and development. For successful succession planning, the organisation must take its long term goals into consideration. Employees are motivated and engaged when they can see a career path for their continued growth and development. For this purpose, the institutions must hire superior staff. They need to identify and understand the developmental needs of the employees.
Staffing is defined as “the process of acquiring, deploying, and retaining a workforce of sufficient quantity and quality to create positive impacts on the organizations effectiveness” (Heneman & Judge, 2010, pg 8). Staffing an organization does not come without its challenges. As organizations embark on staffing activities, the HR department must have a well thought out strategy prior to implementation. The who, what, when, where, and how an organization is going to staff its vacancies needs to be answered first. Is a person/job match or the person/organization match the right strategy, or is it a combination of both?
A NEW MANDATE FOR HUMAN RESOURCES Human Resource is proving to be a vital part in any of today’s organizational structure. It is believed to be putting essential impact on companies that work with Human Resource. The department itself consists of professionals and expert analyzers who help the company achieve higher success and also are able to keep a hand in the growth. To say it simply, the human resource or the Human Resource management works as a hub of the organization serving as an association among all others concerned. The case ‘A New Mandate for Human Resources’ by Dave Ulrich has so much potential information that explains how the Human Resource were used to be managed earlier, how it is accepted now and in what ways it can be put into fine use to the growth of the company in all departments.
Selection and Acquisition of Information System The organization has made the decision to acquire a new information system; however, in making this decision certain steps are required to achieve the goal of the organization. The steps involve consist of selection and acquisition of the information system. Incorporating the strategic goals of the organization and the roles that the stakeholders play in the selection and acquisition are important to obtaining a new information system. The first priority to achieving this goal is to establish the project steering committee and selecting a project manager. The function of this committee is to plan, organize, coordinate, and manage the acquisition process.