Individual Paper Essay Example | Topics and Well Written Essays - 1000 words

Individual Paper - Essay Example It is the responsibility of the project manager to ensure that the organization selects the right project. For the survival of the project, adequate resources are vital which will ensure its sustenance to the final stage. The projects should be in line with the organizational goals. Periodical review of the program is necessary for the achievement of its set goals. In case, the planned outcome and the actual outcomes are not in unity, the program management reviews the entire project regarding the allocation of resources and carries out necessary changes to ensure the achievement of major objectives (Butler, 2012) The program management office assists in the formulation and the enforcement of different policies and standards that govern the implementation of the program. It monitors the progress of the project and reports to the project management team for necessary actions. This is one of the best practices in project management due to the active monitoring of the projects. Project portfolio management and the project management office are essential for the success of a project. The project management team outlines the resource requirements for the completion of the projects and seeks necessary funds to finance the expenses. Every stage of the project lifecycle is important for its success from its conception, planning, implementation, evaluation, and control. For these reasons, many organizations formulate the project portfolio management and project management departments within their organizations (Mustafa, 2012). The program management office provides the foundation for portfolio management. They provide project management guidance to the project managers. It is the responsibility of the project management office to establish a project management process for the organization. Project management office is necessary throughout the project life. The office sets the standards that it uses for comparison and the