Managing a Project Portfolio

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Some projects have ambitious goals, and some fill in small pieces of larger puzzles. In either case, projects are usually part of a larger scheme called programs or portfolios. What projects become part of a program or portfolio should be a matter of careful consideration. An organization must evaluate whether a project is necessary to support the business vision and whether it is worth the time, money, and risk to implement. The organization must also assess the impact of this new project on other established projects. Unless a company is small, it will have more than one project running simultaneously. Large companies invest a considerable portion of their budgets in concurrent projects. Scenario: Assume you are addressing the information technology (IT) needs of a large corporation that aims to automate worldwide shipping. The company is in the process of switching from its brick-and-mortar operations to IT-enabled processes. Number your document from 1 to 4 and answer the following based on the scenaro above: 1. List and describe the IT project needs of a large corporation that aims to automate worldwide shipping. 2. Describe which IT projects should receive the highest priority. 3. Describe which IT projects can be safely left for later. 4. Describe how personnel should be deployed if the organization has too few experts for specific critical areas. Note: Do not write introduction & conclusion. Do not plagiarize. You can research on the Internet or books/journals & you can add additional references._x000D_
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