Question 1
When listing business objectives for Portfolios they must be specific, measurable, assignable, realistic, timed, and open for everyone to see.
Give an example of a SMARTO objective – example consider a recent BU strategic objective
Colleges should introduce professional programs and increase student enrolments by 12%
(I have completed S – you can introduce others, make assumptions as needed).
S – BU plans to introduce Professional Programs
M –
A –
R –
T –
O –
Question 2 – Boston University has acquired SAP and enterprise resource management software. They are considering which projects to implement next.
Provide a scenario where the critical success factors are: cost, customer need, time to market, development risks.
Scoring Criterion Weight (scale 1 to 5)
Cost 5. (Very important to customer)
Time to Market 2 (How quickly we can build the system)
Customer need 3 ( How quickly the customer will need the system)
Development risks 4 (How important is Project Risk)
On assessing the system we believe the matrix numbers for each project scored as follows:
Project 1 – HR System was scored at 3, 1, 1, 2
Project 2 – Payroll System was scored at 2, 1, 3, 2
Project 3 – Travel Reimbursement System was scored at 1, 1, 1, 3
Project 4 – Procurement System was scored at 3, 2, 4, 2
Which portfolio of projects is going to be recommended by BU for implementation? Assume that two projects can be funded.
FUNDED: _____________________________-
REJECTED: _____________________________
CALCULATIONS shown below
Question 3: Consider Portfolio Management tools like Meisterplan write 6 bullets describing how useful this tool is for your project. What helpful functions does it provide?
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