Answer to Question #224247 in Management for JALSORESA

Question

Assuming that your specific job in the organization is a Project Manager, how do you identify and recommend the portfolio of projects that will yield the maximum value or return to your organization in the long-run?

 

Answer 1

Creating a project management strategy

Defining and controlling scope, developing a work breakdown structure (WBS), and obtaining requirements

Scheduling, defining, and creating activities, estimating resources and activity durations

Cost planning and estimation, as well as budgeting

Identifying and planning for human resource requirements

Planning for and detecting possible risks, conducting qualitative and quantitative risk analyses, and developing risk-mitigation methods

Preparing for and identifying necessary procurement

Making preparations for stakeholder expectations

Monitoring and regulating project progress, as well as managing any required adjustments

Keeping the project's scope under control