Project integration management is not the same thing as software integration.
PROJECT INTEGRATION MANAGEMENT PROCESSES
Develop the project charter
Develop the preliminary project scope statement
Develop the project management plan
Direct and manage project execution
Monitor and control the project work
Perform integrated change control
Close the project
A PORTFOLIO MANAGEMENT SYSTEM
Financial
Non- Financial
Multi-weighted scoring models
Use several weighted selection criteria to evaluate proposals.
PROJECT SCREENING PROCESS PRIORITY ANALYSIS STRATIGIC PLANNING AND PROJECT SELECTION
Strategic planning involves determining long-term objectives, predicting future trends, and projecting the need for new products and services
Organizations often perform a SWOT Analysis:
Strengths, Weaknesses, Opportunities, and Threats
As part of strategic planning, organizations should:
Identify potential projects.
Use realistic methods to select which project to work on.
Formalize project initiation by issuing a project charter.
METHODS FOR SELECTINGPROJECTS
There is usually not enough time or resources to implement all projects.
Methods for selecting projects include:
Focusing on broad organizational needs.
Categorizing information technology projects.
Performing net present value or other financial analyses.
Using weighted scoring model.
Implementing a balanced scorecard.
FOCUSING ON BROAD ORGANIZATIONAL NEEDS It is often difficult to provide strong justification for many IT projects, but everyone agrees thy have a high value.
Three important criteria for projects:
There is a need for the project.
There are funds available for the project.
There is a strong will to make the project succeed.
FINANCIAL