PgMP exam challenge! by Ginger Levin; J LeRoy Ward

By Ginger Levin; J LeRoy Ward

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S T R A T E G I C P r o gra m M A N A G E M E N T •• •• •• •• •• •• •• •• •• •• •• •• •• Details about problems or opportunities Business and operation impacts Cost/benefit analysis Alternative solutions Financial analyses Intrinsic or extrinsic benefits Market demand or barriers Potential profit Social need Environmental influence Legal implications Risks Time to market Constraints Alignment of the program’s objectives with those of the organization A © 2013 Taylor & Francis Group, LLC S T R A T E G I C P r o gra m M A N A G E M E N T A Answer Answer The business case 48 What Serves as the Formal Declaration of the Program’s Value and the Key Resources It Needs?

S T R A T E G I C P r o gra m M A N A G E M E N T A Answer Answer •• Market dynamics •• Customer and partner requests •• Shareholders •• Government regulations •• Competitor plans and actions 40 © 2013 Taylor & Francis Group, LLC S T R A T E G I C P r o gra m M A N A G E M E N T Why Is Portfolio Management Linked to Organizational Strategy? S T R A T E G I C P r o gra m M A N A G E M E N T 39 Question Question How Does a Program Have a Definition of Expected Outcomes and Results? To establish a balanced, operational plan to assist the organization in achieving its goals and to balance resource use in executing programs, projects, and operational work.

S T R A T E G I C P r o gra m M A N A G E M E N T 15 Question Question Define How an Emergent Program Is Initiated and Provide an Example. •• Initiated because of legislation, regulations, or contractual obligations A •• Examples: international banking regulations, fuel emission standards, or data privacy and security requirements © 2013 Taylor & Francis Group, LLC S T R A T E G I C P r o gra m M A N A G E M E N T S T R A T E G I C P r o gra m M A N A G E M E N T A Answer Answer •• Initiated as the organization recognizes that disparate initiatives are related by a common capability, strategic objective, or delivering a set of benefits •• Example: Process improvement program and a related software initiative 18 © 2013 Taylor & Francis Group, LLC S T R A T E G I C P r o gra m M A N A G E M E N T What Is a Key Difference in How a Program Differs from a Project?

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