Analyze or evaluate the following projects based on project portfolio matrix of David & Jim Matheson.
1) Metro Rail Project of BD Govt.
2) Bangabandhu Satellite establishment project in BD.
is it bread and butter, pearl, white elephant or oyster???
Answers
Answer:
Q1 Briefly describe the strategic management process and why it is important.Q2Why do project managers need to understand the organisation’s mission and strategy?Q3 How are projects linked to the strategic plan?Q4 What is portfolio management and what are the benefits?Q5 Projects can be classified as compliance (and emergency), strategic, and operations projects. Describe each classification. Q6 There are various criteria that may be considered when selecting projects. They are typically defined as financial and non-financial criteria. You have studied 2 financial models that can be usefulwhen evaluating projects. One is the payback model and one is the net present value (NPV) model. What is the limitation of the payback model that is not a limitation of the NPV model?Q7 Should an organisation only consider financial criteria when selecting projects? Explain your answer.Page3of4
Project Management Tutorial and Laboratory ExercisesQ8 We considered two multi-criteria screening models for project selection. One is the checklist model. The other is the multi-weighted scoring model. Compare the two models.Q9 Why should the priority system described in the textbook be open and published?Q10 When the priority team makes decisions about what projects to select it is important that they balance the mix of projects in terms of type, risk and resource demand. David and Jim Matheson developed a project relativity matrix that can be used to help balance the portfolio. a)The relativity matrix has four quadrants. Describe the “project dimensions” in each of the four quadrants (bread-and-butter, pearl, white elephant, oyster).b)What mix of these “project categories” did David and Jim Matheson recommend would be best to help organisations maintain their strategic advantage?Page4of4
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