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General Project Management Questions

1) How Project Portfolio Management process could provide business advantage to the company? As a project manager develop a strong statement supporting implementation of PPM in an organization.

2) As a project manager how do you see the role and the functions of a Project Office in a company?

3) As a project manager, how should one prepare themselves for managing an international project? What are the most important considerations needed to manage an international project.

4) Analyze the advantages and disadvantages of Agile project management approach. When and why we should apply Agile PM as opposed to traditional PM approach?

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1) How Project Portfolio Management process could provide business advantage to the company? As a project manager develop a strong statement supporting implementation of PPM in an organization.

Project Portfolio Management provides a competitive advantage for a company by "optimizing project results by selecting and allocating resources to the right projects" (Wisconsin School of Business, 2013, para 1). By ensuring that the organization is doing the right projects at the right time with the proper resources, the company is able to align their projects with their strategy, vision and objectives.

The supporting statement for the implementation of PPM in an organization might be:

- If our organization aligns our projects with our vision, strategy and objectives, it will provide a competitive advantage as well as ensures that leadership is aware of project costs and where the money is being spent. This process will also ensure that leadership receives regular status updates regarding all projects within the organization at any given time and allows for the project resources to be consistently monitored.

2) As a project manager how do you see the role and the functions of a Project Office in a company?

The Project Office, often called the PMO (Project Management Office), essentially has three roles.

- Strategic - "The PMO works with senior leadership to select the candidate projects that best align with the strategic goals of the company, have a sound business case, and provides the benefit to cost ratio" (Project Management Files, 2011, para 3). ...

Solution Summary

A discussion regarding how a Project Portfolio Management process is an advantage to an organization, the roles and functions of a Project Office and Project Management Office, managing international projects and important considerations for those projects, and the advantages and disadvantages of Agile project management. 890 words, 3 reference.

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