3. Portfolio management is about continuously choosing, managing, and adapting t
ID: 385005 • Letter: 3
Question
3. Portfolio management is about continuously choosing, managing, and adapting the mix of ts to match resource availability and contribute to organizational goals. One of the 1 questions to be asked during periodic reviews is whether the criteria used to fundamental rank the portfolio projects are still appropriate for the organization. The two systems of reviewing and assessing project suitability are the gates dominant and portfolio dominant approaches. Accessing the LIRN and intemet resources describe the process and differences between each approach. (Lesson 14) 4. An organization's capacity to innovate is very much influenced by leaders because they mold the environment in which innovation happens. There are many factors necessary for developing an effective innovation culture and as a leader you must possess the skills required to effectively nurture each. When defining those skills detail the factors which you feel are essential for their successfiul integration. (Lesson 15)Explanation / Answer
Define what you think it means for an organization to manage its human resources.
HR department on a company provides knowledge, tools, training, administrative service, and coaching and management advice to the organization for a successful operation.
It goes beyond hiring and firing people, the impact of the department is deep because it involves not only hiring but training and making sure people will stay at their job position the necessary time according to the goals of the organization.
How does effective human resource management contribute to a company’s success?
By improving the performance of the workforce providing accurate training.
Motivating the employees beyond salary.
HR also helps to save money when they manage to have a low personal turnover
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