Top Down Management Aapproach in Project Portfolio Management

Portfolio management can best be described as the science that best describes the process of management through centralized system of methods and technologies as used by project mangers in the process of dada collection analysis in order to effectively manage aspects of a project. It s main function is to ensure that resources are optimally mixed in relation to the delivery quotient they are expected to produce (Bahel, 2009). This way, they can be better allocated in order to ensure that the goals of an organization as regards finances and operations are honored .In the area of resource planning and management, there have been numerous arguments arising on which approach is better to use and implement between the top down approach and the bottom up approach (Chiu & Russell, 2011). The top down approach revolves around that use of a rough order in magnitudes involving little explanations on how to estimate the needs of the resources. It usually requires early preparation and interrogation into the project planning cycle by use of techniques that are easy to implement. In terms of visibility, it is more than what is usually provided for in the bottom up approach and in this case therefore, it is able to support the desired qualities required in making the portfolio successful in regards to producing high returns on what was initially invested especially in the area of research and development and also in the other useful areas of resource planning and maximization (Gomez-Mejia et al., 2008). In order to ensure that the company is properly aligned in the aspect of being able to balance the efforts used and the outcomes attained it is essential that an organization chooses to implement the elements of atop down management approach in the project portfolio management. In this case therefore choose to use the top down management approach basing on the fact that it is better in returns and applicability in relation to this bottom up approach.