Motorola turns to project portfolio management free essay sample

What are some of the challenges Motorola faces as a business? Why is project management so critical at this company? Challenges: How to better manage its systems and its projects to lower operating costs. Why : a. Project management will be more competitive by entering a ruthless and constant evolving sector (Smartphone) and being more efficient on coordinating its IT (Multinational firm) b. Project management will be more cost efficient by coping with the economic downturn (by saving money and increasing efficiency) and it will better coordinate 1800 IS and 1500 IS employees for 1000 projects per year (avoiding redundant working) 2. What features of HP PPM were most useful to Motorola? Help managers to compare projects â€Å"Centralized source of other critical information such as the amount of investment dollars used by a process and the priorities of business requests coming through Motorola’s system† O? Quick and easy access to data O? Perform analysis O? What-if scenario planning tool O? Reduction of cost structure by 40% O? Reduction of IT support costs by 25% 3. We will write a custom essay sample on Motorola turns to project portfolio management or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page What management, organization, and technology factors had to be addressed before Motorola could implement and successfully use HP PPM? Before Motorola could implement and successfully use HP PPM, they have tackled factors in different fields such as: 2 Before HP PPM After HP PPM Management Eliminate â€Å"redundant silos of activity † to cut costs and increase productivity Manage many workers more easily and leading to efficiency(save time) Organization Prioritize resource usage Help managers compare proposals, projects and operation activities against budget an resource capacity levels Technology Automate processes, lower operating costs Quick and easy access with a centralized source of information 4. Evaluate the business impact of adopting HP PPM at Motorola. The business impact of adopting HP PPM at Motorola: O? Reduce cost by 40% O? 150% ROI O? IT support costs decreased by 25% Which responds to Motorola’s expectations Use a search engine to search for â€Å"IT portfolio management software† or â€Å"IT project management software† and find a competing offering to HP PPM. Then answer the following questions: 1. What makes this solution different from HP PPM? Solution: IBM Rational Focal Point The differences lies on: O? Software : Operating systems supported: Linux, Solaris (Sun microsystems), Windows family which leads to be compatible with all operating system O? Focuses on the market: Integrate enterprise architecture plans and project execution into portfolio management Which ensures enterprise and project-level decisions are aligned with financial and market needs 2. What types of companies is this solution best geared towards? 2 Most likely in the private sector: Non-limited companies and For-profit corporation 3. Find a case study of this solution in action. Did the company described in the case realize similar benefits to Motorola? For example: Direct-sales Multinationals Features: O? Direct-sales (Market- and business-driven product and portfolio management) O? Customer centered (collecting data for market research) O? Important board (project-level decisions, aligned with financial and market needs) O? Stock corporation( modeling financial and market impacts) Similar benefits: O? Development portfolio analysis process O? Fast O? Obtain more information