Course Project: Portfolio Management Plan Objective Back The project for this course is a portfolio management plan for a company of your choice. You may use your own employer or a public company you...

Project management: Tesco
Table of Contents
3Introduction
4Organization's strategic plan
5Organization's strategic capacity plan
6Portfolio management process
8Project selection criteria
9Program management plan
10Identification and Resolution of possible areas/sources of conflict
11Change management plan
13Resource utilization plan
15Conclusion
16References
Introduction
In existing period of time, disposition of business activities undertaken by the business organizations have been change quite intensively due to some integral issues such as intensive competition and dynamic business environment. Owing to different critical environmental issues, the viability of different projects undertaken by business organizations is under the scanner. For the purpose of addressing such issues, and accomplishing the project in the most effective manner, the management of the project is an essential aspect for the management of the business organization (Lester, 2006).
Project management can be regarded as the effective integration and utilization of different organizational resources in order to accomplish the project in the most efficient manner. In this regard, the presented paper is directed to present a detailed project management plan designed for Tesco Plc. The prime quest of the paper is to elaborate, how different types of steps undertaken by the organization can be proved quite effective and useful for it to attain some long term objectives and goals. The paper is also directed to reveal some of the crucial plans and steps for the purpose of inducing change in the most effective manner (Lester, 2006).
The paper includes different types of project management related plans. The paper details about the strategic and strategic capacity plan of the organization so that existing capacity of the organization can be judged. In addition to this, the paper also aims to explore different crucial plans of the organization such as Program management plan, Change management plan, and Resource utilization plan, which can be considered quite crucial in direction to enhance the existing operational and project related framework.
Organization's strategic plan
Strategic Plan undertaken by the business organization demonstrates its strategic orientations and approaches towards different long terms problems and organizational issues. In this regard, the strategic plan of Tesco can be demonstrated as below:
Mission of the organization
The Mission statement of the organization can be defined as “To create value for customers to earn their lifetime loyalty” (Tesco Plc: Our value 2013). This mission statement of the company shows the commitment of the company towards delivering maximum amount of satisfaction to customers and undertaking a strong and long term relationship with them.
Long-term goals
Long term goals of the company can be listed as below:
· To enhance the international market shares of the company for purpose of being established as an international retailer.
· To make the it’s core business in the UK more diversified and effective
· To develop its non food services such as Personal Finance, Telecoms and Tesco.com
· To make positive image for the company for the long run in the mind of its customers (Tesco Plc: Our strategy, 2013).
Principal methods for attaining those goals
For the purpose of attaining such crucial long term goals and objectives, the organization has undertaken some crucial actions
· The company has started to expand its business in different crucial international destinations in Asia and American continent.
· The company has formed team for the purpose of monitoring all of its business activities, for the purpose of delivering high
and values to its customers
· The non food sectors of the organization are taken on priority while making any strategic decision (Tesco Plc: Our strategy, 2013).
Organization's strategic capacity plan
The strategic planning of the organization directs it to make efficient use of its available resources so that organizational output can be enhanced. In this direction it is quite crucial for the organization to match resource requirement to the available resource. For this purpose, the business organization undertakes the auditing of it’s all the available resources so that all the positive and negative aspects of all the resources available to the organization can be revealed. After this, the organization formulates some pilot strategies for the purpose of mitigating issues. This pilot study allows the organization to identify what resources are actually required for addressing issues. The company matches its resource requirement with available resources for the purpose of accomplishing different strategic measures (Vargas, 2007).
Portfolio management process
In order to be successful in the existing highly competitive and dynamic business environment, Tesco requires having effective portfolio of strategic initiative and dimensions. In this context, the portfolio management process for the company can be presented as below:
Ground work
This is the preliminary stage in which, all the preparation regarding the problems and issues, which are needed to be confronted by the business organization in existing business environment. In this stage, different crucial environmental constrains related to the project are analyzed and major objectives of the research processes are defined in this stage.
Environmental Audit
Environmental audit includes the appraisal of both internal and external business environment associated with the business organization. The environmental audit helps the business organization to identify different opportunities and threats prevailing within the external business environment. Moreover, the internal environmental appraisal allows the organization to know about its...