Project Portfolio Management: What is the nature of the relationship between the project manager and the functional manager?

A project differs from a program in the sense that the latter is a bundle of related projects, managed in a coordinated manner, to attain the benefits, which is available only when the projects are managed in groups, depending on your organization, an operations manager can be responsible for a lot of different things. For the most part.

Dramatic Management

Stakeholder management ensures that stakeholders are appropriately involved in all aspects of the project, program or portfolio, management plan and technical approach, relationship management affects all areas of the supply chain and has a dramatic impact on performance.

Successful Projects

Another important attribute of supply chain management is the flow of material, information, and finance (akin are thing that can be found in lean manufacturing and six sigma project too), project scope is the part of project planning that involves determining and documenting a list of specific project goals, deliverables, features, functions, tasks, deadlines, and ultimately costs. More than that, communication is so important on projects that it is an integral part of a successful project.

Spent Portfolio

Account manager responsibilities include developing long-term relationships with a portfolio of organizations, connecting with key business executives and stakeholders, wider scope of responsibility than the project manager — and the general operations manager role is permanent while the project manager role is temporary, thereby, many project managers in different organizations are spending a lot of time on managing conflicts, time that could have been spent on adding value to your organization.

You will need to understand the type of change you are in to know whether typical project or change management approaches can work for you, detail your performance objectives in a way that allows your performance to be recognized even when projects fail, therefore, when integrated in the delivery of a project or initiative, project management and change management together provide a unified approach for achieving the desired results and outcomes of organizational change.

Some believe a project management method is a subset of the SDLC and some believe the inverse, that the SDLC is a subset of a project management method, all changes to the project baselines for scope, budget, schedule, quality and risk are documented and analyzed as part of the project change management process, furthermore, different organizational structure types will affect various aspects of your project and will require you to adjust your management approach accordingly.

Project Portfolio Management provides a preliminary delineation of roles and responsibilities, outlines the project objectives, identifies the main stakeholders, and defines the authority of the project manager, part of vendor management is to contribute knowledge or resources that may help the vendor better serve you, conversely, keep your portfolio on track from forecasting and planning to accounting and closure.

The main focus of enterprise risk management is to establish a culture of risk management throughout your organization to handle the risks associated with growth and a rapidly changing business environment, in your organization organized by projects, communication takes on greater importance than in a mere functional organization—and the project manager assumes the role of communication catalyst and promoter, likewise, developing an alternative methodology for project management founded on a leadership, stakeholder and risk management should lead to a better understanding of the management issues that may contribute to the successful delivery of information systems projects.

Want to check how your Project Portfolio Management Processes are performing? You don’t know what you don’t know. Find out with our Project Portfolio Management Self Assessment Toolkit: