short answer

  

Question 1

When listing business objectives for Portfolios they must be specific, measurable, assignable, realistic, timed, and open for everyone to see.

Give an example of a SMARTO objective – example consider a recent BU strategic objective  

Colleges should introduce professional programs and increase student enrolments by 12%

(I have completed S – you can introduce others, make assumptions as needed).

S - BU plans to introduce Professional Programs 

M -

A -

R -

T -

O –

Question 2 - Boston University has acquired SAP and enterprise resource management software. They are considering which projects to implement next. 

 Provide a scenario where the critical success factors are: cost, customer need, time to market, development risks. 

Scoring Criterion Weight (scale 1 to 5)  

Cost 5. (Very important to customer)

Time to Market  2 (How quickly we can build the system)

Customer need  3 ( How quickly the customer will need the system)

Development risks  4 (How important is Project Risk)

On assessing the system we believe the matrix numbers for each project scored as follows: 

Project 1 – HR System was scored at 3, 1, 1, 2

Project 2 – Payroll System was scored at 2, 1, 3, 2

Project 3 – Travel Reimbursement System was scored at 1, 1, 1, 3

Project 4 - Procurement System was scored at 3, 2, 4, 2

Which portfolio of projects is going to be recommended by BU for implementation? Assume that two projects can be funded.

FUNDED: _____________________________-

REJECTED: _____________________________

CALCULATIONS shown below

Question 3: Consider Portfolio Management tools like Meisterplan write 6 bullets describing how useful this tool is for your project. What helpful functions does it provide?