Expert Answer:Program Benefit Management Research Paper Assignme

  

Solved by verified expert:Hi, I like you did benefit-cost ratio chart for me in the last work for benefit-cost analysis. Please explain more and include it in Program Benefit Management.Also Please incorporate aim and information with the project of 2012 London Olympic.All requirements and directions are attached. Thank you!
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Final Research Paper Description
1. Introduction
One of the objectives of the Final Research Paper is to provide an overview of all the
core concepts introduced in this course. Within this context you are going to write a paper
on a Project Management Organization (PMO) of your choosing as appropriate to the
subject matter of the course.
Each paper is unique, and so each will have different headings and sections. However,
within your paper you should aim to include the major objectives of this course listed below.
Finally, you are to provide recommendations in your paper.
Course Objectives:







Demonstrate the important differences between program, project and portfolio
management and define the purpose, mission, structure and governance of a
Program Management Office (PMO).
Develop a Program Management Policy that will assure the ability to sell and deploy
your Program Management Office (PMO).
Plan for and implement a PMO that supports both tactical and strategic planning.
Address the challenges facing implementation of a PMO in a resistant culture.
Plan, optimize, and manage multinational programs taking into consideration
environmental factors, national differences, political risk, and cultural differences.
Address tactical and strategic aspects of virtual program management and
outsourcing for large multinational programs.
Plan and implement the strategy, tactics, and processes needed for successful
Program Management.
2. Content and Format
This is a RESEARCH PAPER. The length of the paper must not exceed 10 pages, double
spaced. Use Microsoft Word for your paper, 12 point font, and number the pages.
Remember to submit your paper as a Microsoft Word document. Do not submit a PDF
version of your paper!
The first page is the “title page” and contains title, name, etc., along with your abstract. (Yes,
you need an abstract.) This page does not count against the 10 pages.
You may include as many appendices as you like. Appendix #1 should contain the references.
The other appendices may contain charts, figures and tables, and these should not include
much text beyond that necessary to explain the figure, or to provide a title or reference for
the figure. You may include organization charts, and tools and techniques such as network
diagrams, matrixes, tables, and charts, in the appendices. These can be in any format that
you find convenient.
The paper should follow APA Format. This includes the Abstract submission.
3. Goals
The goals of the final paper are for students to:
1. Select an organization in need of a centralized program structure or program
management organization or office (PMO) that you are familiar with and acquire the
appropriate and relevant data about the program. The organization can be your own
company or government agency, or a company you have learned about through your own
research and readings.
2. Apply the information provided in the course to the development of a realistic PMO.
3. Learn enough from an analysis to be able to make useful recommendations about the
program or the PMO.
4. Paper Outline
Use this outline as a template for your final program proposal.
1. Research purpose and methodology (case studies, qualitative or quantitative analysis,
analysis of data, interviews, analysis of an actual program or program management office,
critique of scholarly research, or any other methodologies that will add value to your paper)
2. Summary of research – This section should describe and summarize your research
3. Recommendations – This section incorporates what you have learned from your research
and how these lessons should be applied in the development and implementation of a PMO.
4. Conclusion – This is a short paragraph summarizing the high level findings of your
research.
Required Topics in Final Paper
Since your final paper involves the development and implementation of a PMO it is essential
that you incorporate into your paper an evaluation of each of the five Program Domains
described in PMI ® 2017 Standard for Program Management, Chapter 2. In addition to the
five domains you may also include other Program Management Concepts including as many
supporting activities as you can complete within the 10 page limit. The five domains that
must be included are:
1. Program Strategy Alignment – Explain how your PMO aligns with the sponsoring
organization’s goals and objectives. What is the vision, purpose, goals and strategy of your
PMO? What is the Socio-Technical environment in which it exists? How will you measure the
alignment of your PMO with your organization?
2. Program Benefits Management – Provide a Benefit Cost analysis for your selected PMO.
Include your methodology for calculating benefits and explain the risks involved in delivering
the promised benefits. What are the opportunities and challenges to implementing your
PMO?
3. Program Stakeholder Engagement – Conduct a stakeholder analysis for your PMO and
show how you will measure the performance of your stakeholder engagement. Describe the
risks involved in meeting stakeholder expectations and how you will mitigate these risks.
4. Program Governance – Develop a program governance plan and explain how you will
structure your PMO governance within the larger organization. Develop an assessment and
performance criteria for measuring the success of the PMO’s governance structure.
5. Program Life Cycle Management – Track the life cycle of your PMO including the role of
the PMO during each phase of the PMO life cycle and the activities you will be implementing
during each of these phases.
6. Apply the Concepts from PPM with Microsoft Project 2016. This will include:
a. The Building Blocks of PPM including program intake and prioritization, budgeting
and cost tracking, program planning and collaboration and PMO governance
b. Microsoft PPM – Program proposals and workflow approvals, enterprise
resources, approved task updates
c. Working with enterprise projects and local v. enterprise
d. Submitting a Program Proposal – Creating an idea, a program proposal, resource
engagements, building the team, updating the status manager
e. Budgeting and cost planning and finalizing the program budget
f. Identifying variances and taking corrective action on the critical path
Additional Topics May Include:
1. Program Management Supporting Activities
2. Value Creation Analysis
3. Program Integration
The most important section is “Recommendations.”
One way to think about this is to imagine that you have been asked to develop a PMO as a
consultant. You are to brief the CEO on the overall status of the PMO (which may or may not
have started. First, you analyze the PMO itself. Then, you present your findings and
recommendations. The recommendations section of your PMO is essentially the outline of
your briefing to the CEO. It is the most important item.
You may modify this outline to suit your PMO. Different PMOs have different objectives and
the weight given to each section will vary. The key is clear communication. Do whatever it
takes to make your point.
References are very important. They show that you are aware of the program portfolio, and
program management literature (and that you are not reinventing the wheel).
5. Grading
We now come to the topic of Grading. How your research paper be evaluated? Your paper
will be evaluated according to the following categories.
Communication (30%)
Models and Case Analysis (40%)
Recommendations (30%)
Communication is a key aspect of Program
Management. How well is the program
written? Is the paper in a format that
communicated your work and conclusions
clearly? Are your references appropriate
and correctly formatted? Do you use a
diversity of research?
Have you used the terminology of the
course correctly and throughout your write
up? Have you used the tools and
techniques of the course? Have you used a
diverse collection of models, and have you
used them appropriately? Was the topic
analyzed in depth? Did you include an
analysis of the program domains – (1)
program strategic alignment; (2) program
stakeholder engagement; (3) program
governance; (4) program benefits
management; and (5) program life cycle
management. To the extent you do not
exceed the ten page limit, you may also add
program activities including program
communications management, program
procurement management, program risk
management and program quality
management.
Are the recommendations clearly derived
from the research? Have you made the
case for them? Do the recommendations
say something original about the topic? Are
the recommendations clearly related to
your work, or are they just obvious
statements about the research? (Specifics
based on an analysis are required.)
How original are your recommendations?
PMO Objectives and Main benefits

The event is organized to motivate the employees

Fundraise for charity organizations

Develop good working and lifestyle habits

Bring employees together

Team building:


Higher productivity

Healthier work environment
Wellbeing:

Exercising promotes a healthy lifestyle
1
BUSINESS SPORT COMPETITION PMO
Business Sport Competition PMO
BUSINESS SPORT COMPETITION PMO
2
Abstract
Business Sport Competition is a program that focuses on improving the lifestyle of the
employees as well as the relationship between them through holding a regular competition.
Sports activities play an important role in ensuring the fitness of the participant, thereby
improving their health conditions. Employees also can relieve pressure from jobs or daily life via
practices after work. At the same time, it is an involving activity that would give the employees
an opportunity to interact, both with those within the companies and other companies so this
program will facilitate teamwork and productivity. It advantages participated companies and
their reputations. The aim of the program is also to support charity organizations by revenue
contribution such as advertisement income and tickets sales. Simultaneously, private companies
and public society will receive a lot of benefits from the program, Business Sport Competition.
In order to plan and implement this program, it is to pick approach research
methodologies and methods. Firstly, it is important to collect quantitative and qualitative
research methodology for the core plan part of the program. In terms of the qualitative data, the
project of 2012 London Olympics is a good sample provided a step-by-step process I can
consult. As for quantitative approaches, I will use specific statistical analyses in reliability of the
scales, and the assumptions based on pre-estimation or post-statistics. In addition, the analysis
tools and methodologies learned from classes will help this paper well on risk analysis and
stakeholder management such as heat map and stakeholder engagement.
Running head: BENEFITS COST ANALYSIS
Benefits Cost Analysis
Institution Affiliation
Instructor’s Name
Student’s Name
Course Code
Date
1
BENEFIT COST ANALYSIS
2
Benefit-Cost Analysis of PMO
Different organizations have established many issues that facilitate, enhance and
contribute to the success of the projects set for execution. However, the most important thing to
note is the cost and the resource utilization to meet the expected and set goals, every individual
in an organization plays a vital role in achieving the missions or objectives of the company.
Therefore, it is essential to have a clear view of the costs, budgeting and making estimations. In
addition, for one to succeed in improving the lifestyles of the employees as well as their
relationships, it is essential to understand and know the benefits of cost analysis. Benefits
realization management is one of the many ways or methods that managers use to make desirable
changes in the company or project. Some of the considerations include time and funds
adjustments
Cost analysis process involves breaking down the cost summary into its constituents so
that one can study and reports on each of the factors. When the comparisons are made, and the
expected results are reported on the management of the funds, it allows the business to promote
the standards and improve on areas that need changes. The importance of applying cost benefits
analysis helps one to calculate the ratio of benefits over costs (Boardman, 2017). This technique
is useful in the financial decision-making process where the employees and managers can make
arrangements on how to minimize unnecessary costs to meet the demands. According to the
reports, the company targets to support charity organizations. Hence, to identify the amount, one
should be able to analyze the costs and establish the benefits. Some of the benefits identified in
the Big Dig statement and form others researches include the following:
BENEFIT COST ANALYSIS
3
Clarity in Unpredictable Situations
Cost analysis is an objective examination of what the company spends relative to the
profits or gains, and therefore, by undertaking the investigation, one can get clarity in
unpredictable situations. This means that managers can delve into specifics on the exact issues or
areas where the budget needs to be spent. Some of the specific areas are not indicated on the
final budget but affect the cost regardless of their significance. It provides an opportunity to
understand the areas that need improvement and future expenditures based on cash flows
(Boardman, 2017). Again, it is essential to note that, it is difficult to predict the exact amount
that one will incur in undertaking the PMO plan, but the strategy helps to make assumptions.
Predictions help to anticipate some of the curve balls even if unpredictable situations and
expenditures are inevitable.
Helps in the rational decision-making process
The cost-benefit analysis is a tool geared to make one identify areas that need
improvement and the cost incurred. At the same time, the report provides necessary information
that helps in making rational, rather than emotional decisions on the implementation or
performance of a particular activity. It is the responsibility of the manager to ensure that every
department focuses on establishing the needs and the areas that need to meet the standards across
the organization. Once the possible cost is laid out in the best knowledge of the personnel
involved, managers are to avoid an emotional decision on launching ventures that appeal to them
or make emotional ties to the vendor. Therefore, the cost analysis helps one to look into some of
the ignored issues and evaluate the costs variable as objectively as possible.
BENEFIT COST ANALYSIS
4
Evaluating new Hires
Due to the constant change in technology economic environment, demand for goods or
services increases. Which leads to a rise in demand for high-quality commodities; therefore,
human resource managers rely on the cost-benefit analysis to determine the number of new
workers costs and the gain per output of an individual worker. The analysis generates the reports
on the expected production, which help in hiring the process. Many organization hunts for new
talents from their competitors, but the cost of replacing or hiring them is very high compared to
the unknown output levels. Improving sales or service management makes the firm to continue
changing and creating a constant demand for changes.
Measuring social benefits
The involvement of the firm with corporate social responsibilities has to generate some
gains for the company; therefore; managers can determine the benefits by undertaking a cost
analysis process. At the same time, the new ventures or platforms control and support the
management of the expenditures; hence, cost-benefit analysis helps to determine the effects on
stakeholders’ participation by quantifying their contribution. Various individuals, groups or
companies are involved in the firm operations directly or indirectly; therefore, cost analysis
defines their efforts in monetary terms. Lastly, the report helps in uplifting the desired and
suggested organization policies. Like supporting the health of the workers, appraisal, and making
a statistical analysis on the scales, and the assumptions based on the pre-estimation or post
statistics (Pearce, 2006). In conclusion, the benefits of cost analysis vary from one organization
to the other. Therefore, it is essential for managers to understand that there might be possible
needs to make adjustments in some of the projects or policies to meet the set costs and gain the
desired outcome.
BENEFIT COST ANALYSIS
5
Cost Benefit analysis
COST BENEFIT ANALYSIS: PMO EMPLOYEE TRANSPORT WELFARE
8% discount
6% discount
4% discount
-$1330
-$1440
-$1538
$1319
$2057
$3277
Increased productivity $3333
$4720
$6879
Net cost benefits
$3322
$5337
$8618
Benefits-cost ratio
3.5
4.7
6.6
Total cost revenue
over 2 years
Transport benefits
(rounded)
BENEFIT COST ANALYSIS
Reference
Boardman, A. E., Greenberg, D. H., Vining, A. R., & Weimer, D. L. (2017). Cost-benefit
analysis: concepts and practice. Cambridge University Press.
Pearce, D., Atkinson, G., & Mourato, S. (2006). Cost-benefit analysis and the environment:
recent developments. Organisation for Economic Co-operation and development.
6

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