W8-IP Project Portfolio management and Project Plan Assignment

W8-IP Project Portfolio management and Project Plan - Assignment Example Frozen Food Company was established to respond to opportunity of a unique and healthy market. The aim of this report is to develop and implement the processes for project portfolio management in the Frozen Food Company. This would allow the company to select the projects that yield maximum profit and are best aligned with the business strategy. The funded projects would enhance the company’s mission of providing the nutritious food to its customers and increasing the living standards of the society. The company also aims at reduction of pollution to maintain and sustain a safe environment both for customers and its employees. 1. Introduction Frozen Food Company, a multi-national company specializing in frozen foods, cereals and tin packed foods, is organized into various strategic business units that are aligned with the corporate business strategy of the company in a fast moving consumer goods sector. The company is maintaining its operations globally with mission of â€Å"c hange and innovation† and has the strategy to develop a new range of products ahead of time before the competitors. The company also aims at reduction of pollution to maintain and sustain a safe environment both for customers and its employees. Frozen Food Company can achieve this through the creation of an effective project portfolio and strategic business units (Kerzner 2010). This study would be conducted in one of the strategic business units of the company to create an effective project portfolio. 2. Aim and Objectives Selection of the right project aligned with the business strategy is an important aspect of the business from the view point of profitability. No organization has unlimited resources and thus it becomes crucial to manage its scarce for optimal utilization to achieve maximum benefit from the operations of its strategic business units. In the given problem scenario, it is essential to analyze the projects and select the most appropriate to create an effective portfolio that is aligned with organizational strategy and maximizes the profitability through optimal utilization of resources (Kerzner 2010) and is the aim of this report. 3. Scope of the Project This project focuses on measuring how the firm will increase its shareholders growth through evaluating the revenue growth, expectations, operating margin and asset efficiency. Focus on the SBU known as Frozen Food Company that specialized in Vegetables & Chicken Cutlets, Chicken Nuggets, Parathas, Chicken Rolls, French Fries and Burger Patties. This scope will be limited in order to focus on the objectives effectively. Following activites would be the part of this project report Recognizing portfolios available in the company Selecting a portfolio Managing the portfolio The above activities will be carried out using the