Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Management Theories Expert

Change is a given in the current business climate" Kerzner (2010) this change might be due to new technology, economical changes, customer's/client's demands...etc. These changes force the organizations to develop and improve their project management system in order to cope with the changes.

In general any change in the system would come with resistance since it is human nature to resist changes and "If you do not change some rooted human behavior on projects, you cannot improve anything because humans lie at the heart of any organization and its systems." Kendall& Rollins (2003)

Our company was privatized and transferred from the Ministry of Housing, Electricity & Water on 2003, most of our executive managers and lower level managers were working in the ministry hence they still believed on the old project management procedures, and consequently they refused to change it. At that time we needed Project portfolio management in order to provide the company structures and guidelines for identifying, selecting, prioritizing and resourcing projects that are best aligned with the company's new strategic goals.

Implementation of project portfolio management should be initiated by the top managers, executive and high level managers should be committed to the portfolio management system first and then influence the team to be committed to the system. Executive managers should believe on the portfolio management and realize the importance of implementing such system, they should be certain that this system will add value to the organization.

In my opinion the main key to achieve a successful implementation of PPM in any organization is Collaboration, and according to Rothman (2009) "the biggest barrier to collaborating on the project portfolio is lack of trust "therefore managers should build trust and make their team believe on them, leaders should deliver what they promise to deliver, they should also be constant in their actions and reactions, they should make honesty and transparency a foundation of their work, they should be opened to negotiating and accepting new ideas, and they should trust their capability and their teams capabilities.

In the other hand team members should also trust each other; sometimes we come across people who don't share information because they feel that keeping data for themselves will secure their careers. We face that a lot in our company some employees and mostly the expert managers and leaders avoid to share their experience and knowledge because they fear that the new incoming engineers would take his position. All the team members should work for the best benefits of the company not for their personal interests.

Project teams should share their work and experience and be transparent with their work progress, so that their colleagues have enough information to make the right decisions. Team work should be a culture in the organization, managers shouldn't reward individual successes instead they should encourage and award group achievements.

Managers should identify the organization's strategic goal and define how this goal will be delivered consistently so everyone in the team should focus in achieving a common goal.

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M9752081

Have any Question?


Related Questions in Management Theories

Tasks1select any four of the following fundamental

Tasks: 1. Select any four of the following fundamental theories: o The Ten Commandments o The Justification of Human Rights o Utilitarianism o Aristotelian Ethics o International Ethics Standards for Business o Distribut ...

Case study assignment -case description liang global

Case Study Assignment - Case Description: Liang Global Solutions (LGS) operates in the six New England states. LGS faced an important decision: selecting network software that would maximize functionality, manageability, ...

Final reflection-preparing for final assignmentthroughout

Final Reflection- Preparing for Final Assignment: Throughout the course, numerous topics on healthcare management have been discussed. Reflecting on the different discussions, readings, assignments, and your previous cou ...

Discuss a leader who you would consider to be

Discuss a leader who you would consider to be transformational. Choose a leader located in the Middle East who may serve an instrumental role in Saudi Vision 2030. In your paper, respond to the following: - Determine the ...

Show your work i already have my own answer and am trying

Show your work! I already have my own answer, and am trying to compare for accuracy. Graph needs to be included. Most graduate schools of business require applicants for admission to take the GMAT, the Graduate Managemen ...

As a single parent earning on a limited income how can you

As a single parent earning on a limited income, how can you stretch your grocery dollar to plan nutritious meals for you and your children? Would you seek the assistance of federal programs?

Describe how government-supported big business during the

Describe how government-supported big business during the Reagan Era effected the U.S. economy and labor unions.

Identify three reasons that a project can fail explore each

Identify three reasons that a project can fail, explore each of the reasons, propose a solution that will eliminate the problem and turn the initiative into a success. Use a minimum of two peer reviewed sources. The work ...

Benchmark - community teaching plan community

Benchmark - Community Teaching Plan: Community Presentation Note: This is an individual assignment. Based on the feedback offered by the provider, identify the best approach for teaching. Prepare a presentation to accomp ...

Watch the lynda video wayne winston on analyticswrite a 4-

Watch the Lynda video, "Wayne Winston on Analytics." Write a 4- to 5-page proposal to your current or previous company's executives discussing how analytics can be used in your company to improve sales through your retai ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As