Prioritizing It Project Management Portfolio free essay sample

The realities of shrinking IT budgets and increasing dependence on IT in organizations in recent years has resulted in a situation in which there is an intense competition for resources needed to execute and complete IT projects. According to Ross (2007), the shrinking IT budget in the face of increasing demand has brought new pressures to the IT function. To gain approval and funding for projects, IT departments must demonstrate that such new project will either result in cost saving, increased sales, or result in greater enterprise-wide efficiency (Ross, 2007). The intense competition for resources makes it imperative that IT managers need to prioritize their projects in order to gain approval and funding. To help them effectively prioritize, many IT managers have embraced IT project portfolio management strategies to enable them insightfully decide what project should get funding and what projects should be postponed, shelved, or cancelled. What is Project Portfolio Management? Essentially, Project Portfolio management enables organizations to align their IT and application development projects, resources, and initiatives to corporate business objectives by developing and monitoring measures that treat IT assets as financial assets and to run as a project-oriented business (Reddy, 2004). We will write a custom essay sample on Prioritizing It Project Management Portfolio or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This statement is supported by Ross (2007), in his submission that many CIOs and IT project managers are applying the principles of investment portfolio management to managing IT project portfolios. This implies that Project Portfolio Management enables IT managers to manage IT project portfolios as one would manage a portfolio of diverse financial investments. Goal of Project Portfolio Management : The goal of PPM is to identify and prioritize the projects within an organization, to ensure that appropriate resources can be applied in a timely manner. This is done through the establishment of systems that provide status report on going and pending projects to enable optimal allocation of resources to complete projects that support the organizations strategic plan. PPM enables integrated management of pipeline, scope, time, resource, skills, cost, procurement, communication, reporting and forecasting, and risk management functions (Reddy, 2004). * This paper will now attempt to prioritize IT projects in the project portfolio of the New York based company XYZ Incorporated. Company XYZ Inc. is a New York-based garment production company that has been in business for over 30 years. The sad events of September 11, 2001 brought hardships and and a drop in business volumes for organizations in the New York downtowm and Midtown areas. This combined with the resulting depression and an unpredictable global economy to undermine business growth in the USA in general and New York City in particular. To improve its market share and profitability, the company would like to invest in an Enterprise Resource planning system, E-mail exchanger system, Database system, and upgrade its Network infrastructure. * Because of the bad economy, the organization cannot afford to fund and support all four projects at the same time. The C. E. O has therefore asked the CIO to prioritize the projects and let him know which one should be implemented first and the order in which the remaining projects will be implemented while maintaining alignment with the organization’s overall strategy. The criteria for this prioritization will consider the ability for the projects to drive and create more revenue for the corporation, Cut operating costs, governmental mandates, and whether the organization’s competitors have implemented these technologies. A scoring system will also be developed weighting each criterion. In some IT projects, all may apply. Provide your analysis by observing how you evaluate each project in comparison to how the target organization evaluates each project. * To properly rank and prioritize the projects in its portfolio, the IT department has to utilized a point ranking system. Points were assigned to each project on a scale of 1 -10. The higher a project scores on this point system the better the chances of its being a priority for execution.

Compare Falstaff and Henry IV as father figures Essays

Compare Falstaff and Henry IV as father figures Essays Compare Falstaff and Henry IV as father figures Paper Compare Falstaff and Henry IV as father figures Paper Hal has two father figures, Falstaff and Henry IV. They are both different from each other, and what they teach Hal. Falstaff seems to mislead Hal, and his real father discards him. Ultimately, there is only room for one of them and Hal makes a choice, but not forgetting what he has learnt. Falstaff as a father figure, and as a regular man, seems to have many visible faults. Although he is a warm character, Hal says he is fat, ye fat kidneyed rascal, a thief, Where shall we take a purse tomorrow, Jack? and he is lazy. All of the things mentioned about Falstaff in his opening speech make out as this criminal who lazes about all day and sins. This first impression is lasting and makes Falstaff seem a bad role model, and not a suitable father. He educates Hal, but not what might be seen as right, or in the right way. However he is funny and is made to appeal to the audience, as a lovable rogue. Honour is a mere scutcheon Here Falstaff is exposing the emptiness of honour, and Hal sees it that way too. He thinks of honour as a means of getting what he wants, and if he were considered honourable, he would be more respected. A scutcheon is like a wooden thing that is painted over to make it look better quality. He not only teaches him but also tries to strongly influence him. Do not thou when thou art king hang a thief Falstaff tries to tell Hal not to hang thieves when he is king but Hal turns it around and says that Falstaff will hang the thieves, and also subtlety says he will cast him off. Shakespeares use of language here, especially the puns, were suited to the audience of the time, but are less clear to the audience now as pronunciations change, and some words arent in use any more. When Poins and Hal rob Falstaff of his own loot, he makes up a story saying four men attacked him. However this story escalates more until it becomes a hundred people attacking Falstaff. These four all came affront, and took all their seven points in my target Falstaff is lying to Hal, because Hal knows what really happened, as he was the one to have robbed Falstaff. Someone that lies and cheats cant be very good at fathering can he? Falstaff`s faults make him a bad father figure, but should be thought of as a helpful teacher. He shows Hal how to really live and how the common people live, something he will have to understand to become a better king. When Falstaff asks the time, Now Hal, what time of day is it, lad? Hal replies by referring to parts of the clock as Falstaffs pleasures (Unless hours were cups of sack, and minutes capons), and says that only if that were true would Falstaff want to know the time. This shows how Hal knows Falstaff and suggests Hal is in control. Later in the play when Hal begins his reformation talked about in his soliloquy, Redeeming time when men least think I will, he also begins to shrug off Falstaff as shown on the battlefield. Hals soliloquy is the best insight to him, as Shakespeare uses these play devices so the audience can see the real character. What, is it a time to jest and dally now? Hal is saying this, because he asks for Falstaffs sword and Falstaff can only produce a bottle of wine, which Hal throws back at him. This is the beginning of Hal redemption, showing that he no longer wants to play around. He also begins to question Falstaffs influence as a father. The king is no better as a father. While he is no thief or a bad example (except for his supposed disposing of King Richard) he does not father Hal properly. He is very good at manipulation and this trait show up in Hal. He even openly says that he wishes Hal wasnt his son! ( Then I would have his Harry, and his mine. ). He is very dismissive of Hal and doesnt say anything praising about him. This is probably why Hal turned to Falstaff and got roped into his way of living. Whilst I by looking on the praise of him See riot and dishonour stain the brow Of my young Harry The king speaks in verse, as this is Shakespeares way of showing his formality. The king says this in front of many different courtiers and important people. Hal resents this and bad feeling does come between father and son. Instead of speaking to Hal, the king casts him aside and that is why Hal turns to Falstaff. They dont ever seem to communicate. That in his secret doom out of my blood Hell breed revengement and a scourge for me. The King is saying here that God is making him pay for some misdeed by making Hal act the way he does. This is in act three scene two, where the king is telling Hal off and where Hal says he will redeem his self. For thou hast lost thy princely privelege With vile participation. Shortly after the king says this, he comes to tears but Hal recovers the whole situation by telling his father he will make it up to him. I will redeem all this on Percys head This doesnt make up for the kings faults, but he does start to show some appreciation. A hundred thousand rebels die in this. Thou shalt have charge and sovereign trust herein At the end of the play, Hal saves his fathers life, kills Hotspur and this is when the king opens up. They both learn from the events around them, Hal to be a good son, and the king to be a real father. Thou hast redeemed thy lost opinion, And showed thou makst some tender of my life. Shakespeare completely distorts and manipulates history for his own benefit, particularly with Hotspur and Hal, concerning their rivalry. In real life, Hotspur was as old as King Henry, but Shakespeare changed it so that the two could be juxtaposed, and would come between the King and his appreciation of his son. Hal makes himself look better and the king becomes a better father figure. In the end, the King is the better father out of him and Falstaff, but what Hal is taught by Falstaff is still important. Hal benefits from having the two father figures because he gains two sets of teaching. These combined will make him a great ruler. Overall the King is the better father figure but he just needs to adjust and be more fatherly to Hal, for he is very cold. While Falstaff shares laughter with Hal, but it is usually at him and he is only so much use as a teacher. Falstaffs saving grace is his warmth. This leads to Hal shrugging him off. A teacher is no more use when you have learnt all he has to offer, but your father will always be there.