program and project portfolios_Week 6 Discussion(7)

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Seneca College *

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PJM6620

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Information Systems

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Nov 24, 2024

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docx

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1

Uploaded by GrandFlower8623

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Thank you for your informative post. To address the challenges of alignment with evolving strategic goals and resource allocation and capacity planning in Program and Project Portfolio Management (PPM), you can implement various strategies and integrate them into your Standard Operating Procedures (SOP) and Project Charters. Here are some insights and recommendations: Real-time alignment mechanism: Utilize technology and software solutions to maintain a real-time view of the alignment between projects and evolving strategic goals. These systems can generate alerts when misalignment is detected and provide insights to make adjustments promptly. Dynamic resource management in SOP: Embed dynamic resource management practices into your SOP. Specify how resources are allocated and redistributed based on changing project priorities and requirements. Key Performance Indicators (KPIs): Define KPIs within your Project Charter to measure alignment with strategic goals and resource allocation efficiency. Reference: Hösli, D. (2020). What is dynamic resource allocation? Pqforce. https://www.pqforce.com/en/blog/what-is-dynamic- resource-allocation/ Links to an external site.
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