Project Portfolio Management (PPM): In this project scenario, you are to implement this software tool in your organization. This tool is a software tool that helps senior leaders in the organization maximize the business value through the selection, optimization, and oversight of project investments. PPM is the centralized management of the processes, methods, and technologies used by project managers, program managers, and the project management office (PMO) to analyze and manage projects. PPM helps the organization better plan resource capacity. At the project and program level, it helps project and program managers manage time, resources, skills, and budgets and related risks and issues.
Strategic Planning Software: Just like the PPM project, this project is to implement a tool that helps senior leaders with Strategic Planning. The tool helps leaders bring strategy to life, from formulation to execution, across the organization. It covers a wide range of strategic topics, methodologies, reporting, and other capabilities.
In the meeting this week, the Project Management Office (PMO) Director asked if it makes sense to manage all software-related projects, such as the PPM and Strategic Planning software projects, in one program. Prepare a write-up for the PMO Director that defines and describes program management, the benefits of program management, and the risks, issues, and challenges associated with program management.
The report will be in Word and formatted using APA style. The report should contain the following:
APA-formatted title page with the topic title, your name, the course, and the date
Introduction with the purpose of the report
Define program management in relation to project management, and then outline and describe its benefits. Use the 2 projects (the PPM and the Strategic Planning software above) as an example.
Describe the risks, issues, and challenges associated with program management.
Reference list with sources in APA format
Basic APA formatting includes 1-inch margins, double-spacing throughout the paper, page numbers in the upper right-hand corner, paragraphs indented 57 spaces, and first-level headings centered and in bold font.