For the final project, create a program report based on the hypothetical organization highlighted within the case study Value-Driven Project and Portfolio Management in the Pharmaceutical Industry: Drug Discovery Versus Drug Development – Commonalities and Differences in Portfolio Management Practice. The case study is attached. This report will concentrate on the organization’s project hierarchy and management and the project data within the program of projects. Your report will ultimately show how the program of projects aligns with and benefits the organization’s overall performance.
Specifically, the following critical elements must be addressed:
Overview: Provide a concise overview of the organization in the given case study, including pertinent information about the organization’s program of projects.
Project Hierarchy
Differentiate your project, program, and portfolio management. What are the differences and similarities of managing each level?
Compare the advantages and disadvantages of managing projects at program and portfolio levels. Provide detailed examples to support your claims.
Determine the most advantageous organizational structure for portfolio and program management to ensure organizational strategic goals are met. Provide detailed examples to support your claims.
Project Methodology
Identify the key advantages to the organization of having a project methodology.
Outline which components of project methodology are used at each stage of the program life cycle.
Recommend a project methodology for the organization that is consistent with the organizational design. Include a description of the methodology’s approach and the key deliverables needed at each life stage of the program.
Explain potential challenges to implementing this project methodology for the organization. You should consider the advantages and disadvantages of the recommended methodology when determining potential challenges.
Metrics and Measurements
Determine the common metrics used to measure the alignment of the program to the organization’s strategic goals.
Explain where the metrics fit into the framework and dimensions of the balanced scorecard.
Create a balanced scorecard for a program of projects using a standard framework.
Explain the advantages and disadvantages of using a balanced scorecard within the organization highlighted in the case study.
Determine the key measurements necessary throughout the program life cycle (initiating, planning, executing, controlling, and closing.
Propose a method for capturing realized benefits within the organization to ensure the overall program strategy has been met.
