Skill No. 2 - Project and Portfolio Management Description: The application of knowledge, skills, tools and techniques to project activities to meet project requirements and ensure projects are delivered on time and on budget. Depending on where a project fits in Gartner's BPM Sweet Spot Framework, skills may require more of a "build for change" than a "build to last" mentality (see "Two Factors That Help Identify the BPM 'Sweet Spot"). Responsibility: Project managers are responsible for balancing a BPM project's time, cost and resource constraints against desired business outcomes and alerting the process owner to problems. The project manager works with the process owner to select a "build to last" or "build for change" approach and should also work closely with the enterprise program management office (PMO) to share knowledge and experience on project delivery and benefits. 5,6 Source: Program managers, and (enterprise) PMO and project managers.
Skill No. 2 - Project and Portfolio Management Description: The application of knowledge, skills, tools and techniques to project activities to meet project requirements and ensure projects are delivered on time and on budget. Depending on where a project fits in Gartner's BPM Sweet Spot Framework, skills may require more of a "build for change" than a "build to last" mentality (see "Two Factors That Help Identify the BPM 'Sweet Spot"). Responsibility: Project managers are responsible for balancing a BPM project's time, cost and resource constraints against desired business outcomes and alerting the process owner to problems. The project manager works with the process owner to select a "build to last" or "build for change" approach and should also work closely with the enterprise program management office (PMO) to share knowledge and experience on project delivery and benefits. 5,6 Source: Program managers, and (enterprise) PMO and project managers.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
Why this skill is more important. Explain ?
Use the picture below to answer that question.
![Skill No. 2 - Project and Portfolio Management
Description: The application of knowledge, skills, tools and techniques to project activities
to meet project requirements and ensure projects are delivered on time and on budget.
Depending on where a project fits in Gartner's BPM Sweet Spot Framework, skills may
require more of a "build for change" than a "build to last" mentality (see "Two Factors That
Help Identify the BPM 'Sweet Spot").
Responsibility: Project managers are responsible for balancing a BPM project's time, cost
and resource constraints against desired business outcomes and alerting the process
owner to problems. The project manager works with the process owner to select a "build
to last" or "build for change" approach and should also work closely with the enterprise
program management office (PMO) to share knowledge and experience on project
delivery and benefits. 5,6
Source: Program managers, and (enterprise) PMO and project managers.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb62ce946-c165-4529-a471-ed49759bc0da%2Fc85c724b-8242-4f26-b419-1e8573deaff0%2Fdk4wsjk_processed.png&w=3840&q=75)
Transcribed Image Text:Skill No. 2 - Project and Portfolio Management
Description: The application of knowledge, skills, tools and techniques to project activities
to meet project requirements and ensure projects are delivered on time and on budget.
Depending on where a project fits in Gartner's BPM Sweet Spot Framework, skills may
require more of a "build for change" than a "build to last" mentality (see "Two Factors That
Help Identify the BPM 'Sweet Spot").
Responsibility: Project managers are responsible for balancing a BPM project's time, cost
and resource constraints against desired business outcomes and alerting the process
owner to problems. The project manager works with the process owner to select a "build
to last" or "build for change" approach and should also work closely with the enterprise
program management office (PMO) to share knowledge and experience on project
delivery and benefits. 5,6
Source: Program managers, and (enterprise) PMO and project managers.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Understanding Business](https://www.bartleby.com/isbn_cover_images/9781259929434/9781259929434_smallCoverImage.gif)
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
![Management (14th Edition)](https://www.bartleby.com/isbn_cover_images/9780134527604/9780134527604_smallCoverImage.gif)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
![Spreadsheet Modeling & Decision Analysis: A Pract…](https://www.bartleby.com/isbn_cover_images/9781305947412/9781305947412_smallCoverImage.gif)
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
![Understanding Business](https://www.bartleby.com/isbn_cover_images/9781259929434/9781259929434_smallCoverImage.gif)
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
![Management (14th Edition)](https://www.bartleby.com/isbn_cover_images/9780134527604/9780134527604_smallCoverImage.gif)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
![Spreadsheet Modeling & Decision Analysis: A Pract…](https://www.bartleby.com/isbn_cover_images/9781305947412/9781305947412_smallCoverImage.gif)
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
![Management Information Systems: Managing The Digi…](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780135191798/9780135191798_smallCoverImage.jpg)
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
![Business Essentials (12th Edition) (What's New in…](https://www.bartleby.com/isbn_cover_images/9780134728391/9780134728391_smallCoverImage.gif)
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
![Fundamentals of Management (10th Edition)](https://www.bartleby.com/isbn_cover_images/9780134237473/9780134237473_smallCoverImage.gif)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON