Answer to Question #224418 in Management for abo

Question

Suppose that your organization is considering a portfolio of projects that can bring significant

strategic changes to its performance in terms of market share and profitability in the longrun. So, your organization wants to select and concentrate on those business imperative

projects in order to achieve its grand strategic objectives and goals during the years to come.

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? (15 points).

Answer 1

As a project manager, you may use motivation to get your team to perform more effectively and generate better outcomes. Motivation is a continuous process that the project manager must oversee to assist the team in moving toward completion with zeal and a strong desire to succeed. Using a range of team-building tactics and activities, you may motivate your team. Simply put, team building is the process of bringing a varied collection of individuals together to operate as efficiently and effectively as possible. This might include both management events and individual initiatives aimed at improving team performance.

Team motivation relies heavily on recognition and incentives. They are formal methods of recognizing and supporting positive conduct, and they are most successful when carried out by the project manager and the management team. When utilizing incentives and recognition, keep in mind individual preferences and cultural variations. Some people despise being recognized in front of a gathering, while others relish it.

Issue solving is the capacity to grasp the core of a problem, search for a feasible solution, and then decide whether or not to put that answer into action. Issue definition is the beginning step for problem solutions. The capacity to comprehend the cause and consequence of an issue is known as problem definition, and it is based on root-cause analysis. If a project manager merely addresses the symptoms of an issue rather than the root cause, the symptoms will persist throughout the project's life cycle.