Project management Coursework Example | Topics and Well Written Essays - 500 words - 1

Project management - Coursework Example According to Snedaker & Rogers (2006), for a project to be successful, it needs to have carefully designed programs, which provide a direction for the achievement of the project goals and objectives. In this regard, a program can be described as a series of different items, events or performances that guide the project’s implementation. Another important aspect of effective business management is portfolio management, which combines management activities for projects and programs. Portfolio management can be defined as the process of central management for one or many portfolios (Bonham 2005). These portfolios include such aspects as identifying, giving priority, authorizing and later management and controlling of programs, projects and different tasks that are linked towards achieving the broad goals of the business. As a manager in ABC Company, I have been tasked with ensuring that the company becomes successful in its operations. To achieve this, I have had to identify smaller projects that can be managed effectively in achieving the company’s mission and vision. Being a company that deals in software development, the staff has been grouped according to their professional experience and specialization into teams that manage certain projects (Bonham 2005). One of the projects being undertaken involves development of websites and online tools for our client. This project is undertaken by a team of technology experts, who come up with programs that guide the implementation of strategies in mangling the projects. A series of projects being undertaken in the company make up its portfolio. As a manager, my responsibility of often empowering the particular project managers to be successful in their projects, thus making the company successful. Each of these elements have people that head them, with a hierarchical structure of leadership that aids in communication and information flow vertically or horizontally for the success of the company. Wide