human resourse plans in project portfolio

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xelfi

Business Finance

Description

How would you align human resource plans in a project portfolio to an organization's strategic objectives?

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Explanation & Answer

Strategic planning for a business environment is the process of formulating and implementing decisions about an organization’s future direction. (See figure xxx) This process is vital to every organization’s survival because it is the process which an organization adapts to its ever-changing environment and is applicable to all levels and types of organization.”

There are many steps that an organization can follow to conduct strategic planning. We describe an eight step process in this article.

A strategic planning process is only as good as its implementation. According to Dr. Harold Kerzner, “Implementation translates a formulated plan into policies and procedures for achieving a grand decision and involves all levels of management in moving the organization toward its mission. The process seeks to create a fit between the organization’s formulated goals and its ongoing activities.”

One method that can be used to achieve this fit is to create a performance matrix (Figure 1). “This analysis causes us to take a holistic view using a systems approach to the organization and its processes. “Using this approach we formulate performance variables within a performance framework” - refer Rummler-Brache (1990)



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