EAC is an organization that has lately been facing serious problems with the results of its projects. specifically the company's project development record has been inconsistent : while some projects have been delivered on time, others have been late. budgets are routinely overrun, and product performance has been inconsistent, with the results of some projects yielding good returns and others losing money. they have hired a consultant to investigate some of the principal causes that are underlying these problems and the consultant has concluded that the primary problem is not project implementation , But the initial screening, selection and prioritization of proposed projects. specially there is little attention paid to the need to consider strategic fit and portfolio management in selecting new projects business goal weight increase in market share 50% corporate citizenship 30% a decrease in production costs 10% improved customer satisfaction 10% total 100% business goal project a project b project c project d increase in market 7 10 8 6 corporate citizenship 8 10 96 5 decrease in production cost 5 9 7 3 improve customer satisfaction 9 8 6 1 in light with the above case insight, what are some of the key difficulties that EAC possibly faces in successfully implementing portfolio management practices And inferring from the findings of the consultant summarise on the importance of strategic fit in project portfolio management
EAC is an organization that has lately been facing serious problems with the results of its projects. specifically the company's project development record has been inconsistent : while some projects have been delivered on time, others have been late. budgets are routinely overrun, and product performance has been inconsistent, with the results of some projects yielding good returns and others losing money. they have hired a consultant to investigate some of the principal causes that are underlying these problems and the consultant has concluded that the primary problem is not project implementation , But the initial screening, selection and prioritization of proposed projects. specially there is little attention paid to the need to consider strategic fit and
business goal | weight |
increase in market share | 50% |
corporate citizenship | 30% |
a decrease in production costs | 10% |
improved customer satisfaction | 10% |
total | 100% |
business goal | project a | project b | project c | project d |
increase in market | 7 | 10 | 8 | 6 |
corporate citizenship | 8 | 10 | 96 | 5 |
decrease in production cost | 5 | 9 | 7 | 3 |
improve customer satisfaction | 9 | 8 | 6 | 1 |
in light with the above case insight, what are some of the key difficulties that EAC possibly faces in successfully implementing portfolio management practices And inferring from the findings of the consultant summarise on the importance of strategic fit in project portfolio management?
Step by step
Solved in 3 steps