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Managing risks in international securities portfolios
Folprecht, Marek ; Brada, Jaroslav (advisor) ; Kováč, Michal (referee)
The bachelor´s thesis examines the gains from hedging the currency exposure from the perspectives of American and Canadian investors. It is shown that exchange rate risk is a largely nondiversifiable factor which might negatively affect the performance of equity portfolios. Therefore, it is necassary to effectively control the exchange rate risk. It is found that the effect of currency risk on total portfolio risk varies among different currency pairs depending predominantly on the correlation between equity and currency returns. For this reason, it is essential to choose a different approach for each currency pair. The hedging strategy, which is refered to as optimal currency hedging, aims at minimizing the volatility of currency hedged portfolio returns. The optimal hedge ratios for individual currencies are also estimated. Over the period from 2004 to 2015, hedging the currency exposure considerably reduced the volatility of returns in the case of American investor. From the perspective of Canadian investor, hedging the currency risk reduced the volatility of returns only to a limited degree. The reason is that Canadian dollar behaves in a pro-cyclical fashion, strenghtening when the world economy surges and weakening when the economy turns down. Therefore, foreign currency exposure tend to reduce the volatility of portfolio returns from the perspective of Canadian investor.
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Practical use of modern project and portfolio management tools in the chosen company
Mazanec, Štěpán ; Nedzelský, Roman (advisor) ; Novotný, Ota (referee)
This bachelor thesis is dealing with software project management, portfolio management, selection and further aplication of modern tools for project management support and for portfolio management in chosen establishment. Problem was solved thanks to demand analysis of chosen establishment, based on survey and personal experience, that led to identification of requirements for the selection of appropriate tools to support effective achievement of strategic goals. Appropriate tools are assumed to be management tools of project management, for which was chosen the software Active Collab, portfolio management, which is supported by Microsoft Project Online, customer support for which was chosen the software Zendesk and automated testing, that is supported by the tool Selenium. Hypothesis defined in the outset of the practical part were verified and confirmed within tools testing in the environment of an existing establishement. Benefits of this thesis consist in the ability of its practical usage in the area of project management and project portfolio management in small IT business that handles development of custom software.
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project management as a Service and its usability in project environment of large companies
Illetško, Petr ; Chlapek, Dušan (advisor) ; Kučera, Jan (referee)
The current trend in project management is the ability to use the talent of project manager without the need to hold the position long term in the organization. In analogy to model anything as a service the concept of project management as a service was created. Since this concept is relatively new the definition is not yet formally introduced in specialized methodologies standards and norms. Mentions of Project Management as a Service are mainly in analytical articles, interviews and trends of expert web portals and magazines. The objective of this work is to introduce the topic of project management including related terms and identify possible definition of Project Management as a Service. Another objective is to define project management services, which can be converted into a model Project Management as a Service. Constructed theoretical definitions and designed services are presented to respondents engaged in project management in multiproject environment of large companies in the practical part of work. The semi-structured interviews with the aim of validation of the accuracy and suitability of these theories are conducted subsequently.
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Program management
Kaňka, Josef ; Chocholatý, Drahomír (advisor) ; Beneš, Zbyněk (referee)
Program management in the field of project management presents relatively new management method that links the correspondence of the particular projects with an organization strategy. Formation of the optimal portfolio projects for program results from the company goals, desired benefits, from the limitation of available resources, relations and connections among particular projects, and last but not least, from expectations of stakeholders. Its application in the organization can expressively improve the efficiency and the transparency over transmission the vision of the company to project level. The first, theoretical part, compares project, program and portfolio and their lifecycles. Rest of work contains a methods used to implementation of program management. Main goal of this thesis is to provide overview information on this area and introduce basic practices how to implement program management to a reader's organization.
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Support for IT projects and IT projects portfolio through social networks analysis.
Měsíček, Libor ; Molnár, Zdeněk (advisor) ; Buřita, Ladislav (referee) ; Vejlupek, Tomáš (referee) ; Ritschelová, Iva (referee)
This doctoral dissertation focuses on the area of IT projects portfolio management and IT projects. Dissertation summarizes development of IT projects portfolio management, its benefits, problems, and integration of IT PPM philosophy into selected widely use methodologies and IT frameworks. Further work summarizes developments and main findings of social networks analysis and relevant findings from psychological and sociological field, team work and process of organization. Also presents results of two surveys, on their basis have been formulated conclusions and recommendations. The main part of the work focuses on design of additional processes for MMDIS ŘIP mainly by use of social networks analysis to support the selection of the appropriate staff to selected positions in an IT project. Furthermore, the proposal presents categorization of IT roles according to selected metrics of social network nodes.
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Implementation of EPM 2010 to support the teaching of project and portfolio management
Nedzelský, Roman ; Chocholatý, Drahomír (advisor) ; Janiš, Petr (referee)
This thesis deals with the issue of the project management, project portfolio management and environment settings for the management and portfolio analysis in a fictional organization. In the theoretical introduction there is outlined the situation of the education of the project portfolio management at universities in the Czech Republic, Europe and worldwide, in summary form of founded courses that deal with this issue. Some basic principles of PMI methodology follow to introduce the reader to the project and portfolio management. As a practical part of this thesis there has been project management solution software implemented as a support for the portfolio management education. Microsoft Project 2010 has been selected for this purpose. This part of the thesis guides reader through practical topics like how to set up the whole environment including all utilities and contains a description of services settings. As example there were also sample roles and resources of the company set up, which were subsequently assigned to fictional projects so that the business portfolio analysis based on set of business goals and prioritization of individual projects could have been performed. The contribution of this work can be found mainly in the possibility of portfolio management education and training by using one of the leading software tool that are successfully implemented in a real production environment, and to try out the various acts and practices and also to clarify the various processes in the context of specific projects within the portfolio. Prepared fictional organization and sample data can be especially used as a model for handling various assignments in the upcoming educational courses at VŠE.
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Measurement and Analysis of the Project Portfolio as an Part Measuring IT Company´s productivity
Fišerová, Zuzana ; Stanovská, Iva (advisor) ; Konvička, Lukáš (referee)
This diploma thesis deals with the measurement and analysis of the project portfolio as an integral part measuring company's productivity. The goal is to project a model for measuring and analyzing the project portfolios for a specific medium-sized Czech IT company, operating in development and software sales. The work is based on a theoretical basis for the concept of Balanced Scorecard and for operating company's productivity, focused primarily on the portfolio, project management and monitoring. The practical part identifies the strategic objectives of the company, concerning the project portfolio, and arranges them into perspectives on the basis of the Balanced Scorecard concept. It also analyzes the way of monitoring the implementation of strategic objectives and determines in which phases the monitoring objectives are pursued. Further step is the definition of indicators and their attributes. Metrics are compiled of these attributes and a structure is projected for a presentation of metrics. Metrics are logically arranged so that the users are provided with information-based decisions and are arranged to find the causes of results the metrics show. The thesis has three main outputs. Firstly, it is a list of goals arranged to the Balanced Scorecard structure and identification of mutual structures among the objectives in the strategic map. Secondly, it is a model of parameters and metrics for managing project portfolios that can be applied to companies with similar characteristics, such as the company for which the model is implemented. The final outcome of this work is the implementation of the projected solutions in the Microsoft Business Intelligence.
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Stochastic methods in portfolio management
Vacek, Vladislav ; Radová, Jarmila (advisor) ; Burešová, Jana (referee)
From the beginning of 20th century many studies proved randomness in price evolution of investment instruments. Therefore models respecting this randomness must be used in portfolio management. This thesis' aim is to provide basic theory regarding some of the stochastic methods and show their practical use in real situations.
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Testing of selected investment strategies
Hrmo, Michal ; Veselá, Jitka (advisor) ; Musílek, Petr (referee)
In my thesis I will try to compare the profitability of investment strategies based on the books of the eight famous financial gurus. I'll try to explain the process of selection of stocks to model portfolios, and describe its pitfalls and ideas hidden behind them.I will evaluate the performance of model portfolios under current market conditions based on observation of their development. I will try to clarify the trend observed in stocks moves not only in terms of the criteria of tested strategies, but also in terms of important company news that occurred at the time of observation. I will look on the chosen strategies from the short-term point of view, the observation will last several weeks. The outcome of my work should be my own scoring model for finding undervalued stocks based on chosen strategies and criteria that will appear to be successful within my own observation.
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Microsoft Project Server 2010 usage for education of portfolio management
Lojka, Tomáš ; Chocholatý, Drahomír (advisor) ; Chlapek, Dušan (referee)
The main theme of this diploma thesis is the implementation of Microsoft Project Server 2010 into practice. In the first part there is described a dilemma of project management and its role in domain of management by projects. Analysis of current situation in the field of taught portfolio management courses is also part of this section. This analysis is focused on czech universities environment and courses in private training centres. The most important part is the second part of this dissertation, which is focused on description of the Microsfot Project Server 2010 implementation. The general benefit from this description is the cumulative overview step by step from basic installation to local clients software configuration. From the functional side this thesis gives implemented SharePoint Server 2010 and Project Server 2010, which are going to be used as one of the cornerstone of new course in The University of Economics in Prag.
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