Proposal and Analysis of the Global Infrastructure Group Essay

Develop a decision framework for project portfolio management at XYZ highlighting objectives, constraints, risks involved, alternatives, and information required for analysis.

The paper is divided into three sections, the first of which will establish a timeline of events. This project background will serve as a case study for the analysis in the following section that will be structured such that each of the previously mentioned facets will be independently analyzed and contrasted with project management principles. Finally the paper will conclude with a summary of the analysis and recommendations based on

This course provides the foundation for successful project planning, organization, and implementation within the realm of information technology. The course uses real-world examples and identifies common mistakes and pitfalls in project management. Topics covered include project scoping, estimating, budgeting, scheduling and staffing, tracking and controlling, and software tools for project management.

With the exceptional growth in technology, the present day projects are often large and complex involving a significant risk. So, a Project Management Methodology enables the delivery organization to handle these projects comprehensively, systematically and in an integrated manner, which results in strategic, tactical and operational benefits.

In the current business environment, the demand for project managers is ever growing. In short, project management is a provisional project constrained by time, cost and scope (A guide to the project management body of knowledge, 2013). Between the immense organization, optimization, and communication assets skilled project management brings to a project, it is easy to see why project management is a booming field of study. Furthermore, project management can be both financially and personally rewarding when long term milestones and goals come to fruition.

Project Management Institute. (2000). _A Guide to the Project Management Body of Knowledge (4th ed.)._

In current scenario mainly the following types of models are in use to select project which will fit to the organization strategy

Megaprojects are the temporary undertakings portrayed by extensive speculation responsibility, complicated nature, and durable on the economy, the earth, and society. Megaprojects includes the production of energy plants, oil and gas extraction plants, airports and handling projects, railroads, motorways, dams, and even social occasions, such as the Olympic games or all-inclusive articles. Their prerequisites for the coordination and control of a complex collection of financial, social, and specialized assets to transform them into reality are the things that megaprojects have in common. In spite of their criticality, megaprojects are related with to a great degree poor conveyance execution and long-term benefits acknowledgment. The effective exchange of learning across projects and megaprojects has been a long-held want by those engaged with their outline and conveyance.

Using project management offers a business a way for dealing with considerably lowered phase times. With businesses operating internationally projects that can have an effect on the company as a whole are not easy to manage without a proper line of attack. For this, project management would help cross functional teams to be more successful.

This document is an annotated outline for a Project Management Plan, adapted from the PMI Project Management Body of Knowledge (PMBOK) and IEEE Standard for Project Management Plans. The Project Management Plan is considered to be a “Best Practice” template by the ETS Enterprise Program Management Office (EPMO).

The private sector plays a vital role in carrying out the objectives within all 16 sector specific plans. The Emergency Services Sector includes but is not limited to first responding services such as; public work, fire, medical or police services. The goals and objectives of ESS specific plans are to provide first responder services as one of their main missions is the prevention to life. This sector is extremely important as they are the first responders to any type of incident that may even be impacted to other sectors. The National Infrastructure Protection Plan for this sector describes the tasks, duties and responsibilities that the private sector has in order to effectively and successfully operate this types of critical infrastructures. Just like any other sector, this sector requires the private sector to have a good relationship with state, local, tribal, territorial governments, Federal Government and outside organizations as well. Threats, risks, and vulnerabilities are acknowledged and analyzed in every respective infrastructure as they are all different. All factors are then prioritized in order to prevent the best security and mitigate the possible consequences. Public and private sectors must have the ability to continue their businesses and operations after an event has occurred. When an incident of event occur, operating plans must be created and established in order to prevent stoppages or deterrence to the operations. This helps reduce the

Project management is an essential part of businesses and industries in order to advance ahead and add value to products. Project management enables companies to innovate, plan strategically, and for the economy to progress. The important parts of projects are often values such as team working, planning, innovation, time and budget management, and leadership. In the modern society, some projects can be pharmaceuticals (inventing new drugs), IT solutions (new technologies), energy and environment (other sources of energy such as solar), and military (new weapons and machines). The similarities are such that these projects are undertaken to improve the lives of

Projects are monitored and controlled to identify potential problems within a timely manner in order for prompt corrective actions to be taken (Milosevic, Patanakul, & Srivannaboon, 2010). Keeping a project under constant surveillance ensures the project is on track in terms of the scope, quality, cost and schedule. Monitoring is collecting, recording and reporting information regarding all aspects of the project’s performance. Controlling uses the data supplied by monitoring to bring actual performance into approximate equivalence with planned performance (p. 33). Utilizing the project’s plans and work breakdown structure, the project manager should be able to monitor and control the project through data collection. Comparing where the project is, in regards to the schedule and cost, will give the project manager an idea of whether the project is on schedule and if it’s within the set budget. Random sampling early in the project’s production will give an indication of the quality. Monitoring and controlling early and often in a project will identify problems before they become insurmountable and require significant resources to get the project back on track. Global Infrastructure Group appears to have a fairly robust process improvement program, with tools identified to ensure monitors and controls are in place.

The Group is a vertically-integrated construction set-up, which is well-positioned as a “One Stop Agency” which is capable of undertaking a wide range of projects as it possesses the expertise for ground works/piling works, infrastructure works, substructure/super-structure works and

Global Project Management is one of the most important topics when dealing globalization of an organization. It is the most significant part when trying to accomplish a goal or build a strategy for a new product or service in a new region. There are many characteristics for Global Project Management. Some of those characteristics will lead to advanced achievements. Global Project management can be defined through a framework that will simplify all negative indicators and will help lead organizations to achieve maturity in the field. This framework can help global managers to focus on the advantages of international teams, presenting innovative solutions for collaboration over a distance, and addressing the challenges of cross-cultural and virtual communication.