ISDS 3711 Critical Thinking Part 1,2,3 and 4

QUESTION

Part 1 – Framing the Project Portfolio Management ProblemDevelop a decision framework for project portfolio management at XYZ:What are the objectives?What are the constraints?What are the risks involved?What are your alternatives?What information is required for project portfolio management at XYZ and how can it be collected?Part 2 – Project ValuationBefore thinking about appropriate portfolio decisions, the value of each project in the portfolio needs to be determined. How would you determine the value of the following project (‘Project 1’) in XYZ’s portfolio, a project in the pre-clinical phase, part of the Oncology therapeutic area? What additional information would you collect? Which quantitative tool(s) might help you in determining the value of the project?Part 3 – Project RiskWhen implementing project 1, you face technical and market risk. How would you assess the risks embedded in Project 1? What additional information would you collect? Which quantitative tool(s) might help you in determining the project risk?Part 4 – Project Portfolio DecisionsSuppose that next year’s R&D budget for the oncology area has been reduced to $50 million. How would you decide which projects to continue, and which to put on hold? What additional information would you collect? Which quantitative tool(s) might help you in determining the best portfolio?

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