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| benefits of project portfolio management: Project Portfolio Management:a Practical Guide to Selecting Projects, Managing Portfolios, and Maximizing Benefits Harvey A. Levine, 2007-09 Market_Desc: Program managers and project managers in IT, New Product Development, Pharmaceuticals, R&D and Engineering, CIOs, CTOs, as well as students in PM programs or PM certification programs Special Features: · Levine has 42 years experience in project management and is a respected member of the PM community, he writes frequently for PM web sites and journals, is a frequent speaker and consultant· This book is chock full of tips, tactics & tools and will cover the fundamentals as well as case studies that show how PPM can be handled in new product development, IT, pharmaceutical companies and R&D About The Book: Project Portfolio Management is an increasingly hot topic in New Product Development, IT, Pharmaceuticals, R&D and Engineering. Harvey Levine has compiled the first guide to help program managers and managers of project offices sort through their existing projects and create a healthy portfolio of projects that will lead to increased ROI for the organization. Levine answers the following questions: § How do you select projects?§ How do you manage risk while selecting projects? § How do you weed out bad projects? § How do you tie projects to organizational strategy? § How do you tie projects to cash flow? § How do you implement PPM? |
| benefits of project portfolio management: Project Portfolio Management Harvey A. Levine, 2010-09-29 Project Portfolio Management (PPM) goes beyond the typical project management approach to offer a set of proven business practices that can help executives, program managers, and project managers bring projects into alignment with the strategies, resources, and executive oversight of the overall enterprise. Step by step, this book shows how to take a project from the inception of a vision to the realization of benefits to the organization. Project Portfolio Management draws on project management expert Harvey A. Levine’s years of research and distills the knowledge and best practices from dozens of leaders in the field to show how to select and implement the projects that will garner the best results. Throughout this important resource, Levine tackles the many challenges associated with PPM, including Ranking value and benefits Determining the size of the portfolio pipeline Assessing the impact of uncertainty on projects and portfolios Understanding the benefit and risk relationship Establishing a portfolio governance capability Managing the portfolio to maximize benefits Implementing PPM |
| benefits of project portfolio management: Benefits Realization Management Carlos Eduardo Martins Serra, 2016-10-14 Benefits realization management (BRM) is a key part of governance, because it supports the strategic creation of value and provides the correct level of prioritization and executive support to the correct initiatives. Because of its relevance to the governance process, BRM has a strong influence over project success and is a link between strategic planning and strategy execution. This book guides portfolio, program, and project managers through the process of benefits realization management so they can maximize business value. It discusses why and how programs and projects are expected to enable value creation, and it explains the role of BRM in value creation. The book provides a flexible framework for: Translating business strategy drivers into expected benefits and explains the subsequent composition of a program and project portfolio that can realize expected benefits Planning the benefits realization expected from programs and projects and then making it happen Keeping programs and projects on track Reviewing and evaluating the benefits achieved or expected against the original baselines and the current expectations. To help project, program, and portfolio managers on their BRM journey, as well as to support business managers in executing business strategies, the book identifies key organizational responsibilities and roles involved in BRM practices, and it provides a simple reference that can be mapped against any organizational structure. A detailed and comprehensive case study illustrates each phase of the BRM framework as it links business strategy to project work, benefits, and business value. Each chapter ends with a series questions that provide a BRM self-assessment. The book concludes with a set of templates and detailed instructions to ensure successful deployment of BRM. |
| benefits of project portfolio management: Strategic Project Portfolio Management Simon Moore, 2009-11-02 Lead change through strategic alignment of project and process performance Practical and filled with expert advice, Strategic Project Portfolio Management: Enabling a Productive Organization presents a clear framework for your organization to complete impactful strategic projects. Providing executive-level guidance to build a powerful and efficient process from initial adoption to portfolio alignment, this essential resource contains case studies from small to global multinational organizations, arming you with the insights to ensure your strategic projects are given the resources they need to deliver business impact. This important guide Shows executives how to align their projects and processes with their business strategy for compelling competitive advantage Provides cases from best in class organizations, showing how they were able to achieve results by using processes outlined in the book Reveals how technology is the key to developing new collaborative platforms and innovative work management environments that have not been possible until now Defines a framework for assessing project portfolio management competence within your organization and driving momentum for compelling improvements Explores how to go beyond project portfolio management to a holistic work management system Strategic Project Portfolio Management: Enabling a Productive Organization offers the practical recommendations, guidance, and real world insights you need to immediately begin driving better project management strategy. |
| benefits of project portfolio management: Cambridge Handbook of Organizational Project Management Shankar Sankaran, Ralf Müller, Nathalie Drouin, 2017-05-23 In recent years, organizational project management (OPM) has emerged as a field focused on how project, program and portfolio management practices strategically help firms realize organizational goals. There is a compelling need to address the totality of project-related work at the organizational level, providing a view of organizations as a network of projects to be coordinated among themselves, integrated by the more permanent organization, and to move away from a focus on individual projects. This comprehensive volume provides views from a wide range of international scholars researching OPM at a cross-disciplinary level. It covers concepts, theories and practices from disciplines allied to management, such as strategic management, organization sciences and behavioural science. It will be a valuable read for scholars and practitioners alike, who are looking to enrich their understanding of OPM and further investigate this new phenomenon. |
| benefits of project portfolio management: Project Portfolio Management Lowell D. Dye, James S. Pennypacker, 1999 Selecting the right projects to work on is critical in gaining a competitive edge in today's marketplace. Learn about portfolio management tools, techniques, and methods in this collection of articles from leaders in the field like David Cleland, Robert Cooper, Thomas Saaty, David Frame, Steven Wheelwright, and others. Case studies and best practices show you how others successfully manage their portfolios. |
| benefits of project portfolio management: Advanced Project Portfolio Management and the PMO Gerald I. Kendall, Steven C. Rollins, 2003-04-15 Advanced Project Portfolio Management is a comprehensive book which presents a roadmap for the achievement of high value enterprise strategies and superior project management results. It provides methods for best project selection, faster completion, optimal project portfolio management, and how to explicitly measure the PMO for rapidly increasing project ROI. |
| benefits of project portfolio management: Project Portfolio Management Shan Rajegopal, Philip McGuin, James Waller, 2007-03-19 Many companies and organisations are faced with a portfolio of projects that need to be managed effectively and successfully. This new book by leading practitioners introduces a framework and range of tools to enable the project portfolio to be strategically managed including establishing guidelines, prioritising, aligning projects with strategy, balancing the portfolio and sustaining a change culture through continuous improvement. |
| benefits of project portfolio management: The Standard for Portfolio Management Project Management Institute, 2006 |
| benefits of project portfolio management: Management of portfolios Stephen Jenner, Office of Government Commerce, Craig Kilford, 2011-01-31 This guide provides practical guidance for managers of portfolios and those working in portfolio offices as well as those filling portfolio management roles outside a formal PfMO role. It will be applicable across industry sectors. It describes both the Portfolio Definition Cycle (identifying the right, prioritised, portfolio of programmes and projects) and the Portfolio Delivery Cycle (making sure the portfolio delivers to its strategic objectives). |
| benefits of project portfolio management: Project Portfolio Management Tools and Techniques Parviz F. Rad, Ginger Levin, 2006 Does your organization want to achieve success in prioritizing projects systematically, deliberately, and logically? Project Portfolio Management Tools and Techniques is written to demonstrate how to elevate your organization's project management thinking to the level beyond managing individual projects in a standalone fashion. This book is for those executives and other project professional who strive to have a formalized system of authorizing the right projects and abandoning the wrong projects, who desire to spend resources in the most efficient manner, and who want to have an actionable strategic plan for improving organizational project management sophistication. Project Portfolio Management Tools and Techniques deals with the full spectrum of project portfolio management (PPM) functions, from selecting projects through formalized portfolio management processes to facilitating the successful execution of projects through creating a formalized, project-friendly environment. This book will aid you in the implement of a PPM system, assist in gaining the necessary commitment from executive management, and provide guidelines for the modification of operational practices. Get ahead of the game by seeing a comprehensive project portfolio model that can help you establish yours successfully |
| benefits of project portfolio management: Mastering Project Portfolio Management Michael J. Bible, Susan Bivins, Susan S. Bivins, 2011-09-15 This unique text provides a holistic systems approach to project portfolio management which includes people, processes, tools, and techniques that work synergistically to produce portfolio decisions with the best chance of success. Accompanied by decision support software and advanced decision making techniques, it guides readers step-by-step through the entire project portfolio management process. This professional guide is also ideal for executive continuing education programs, and as a primary text for graduate level academic courses. |
| benefits of project portfolio management: Implementing Project Portfolio Management Dr. Panos Chatzipanos, Dr. Te Wu, 2018-10-18 Implementing Project Portfolio Management addresses the how-tos of portfolio management. It is designed for three primary audience groups: Business Executives, Portfolio Leaders and Practitioners, and Portfolio Thinkers. The authors provide insights on how to apply the performance management domains covered in the standard that are in practice today by introducing tools and templates into their discussion. Far-reaching in its impact on portfolio management practitioners, thinkers, stakeholders, and the wider project management community, this guide envisions the continued transformation of portfolio management with the changing needs of organizations and advances in technology. |
| benefits of project portfolio management: Effectiveness in Project Portfolio Management Peerasit Patanakul, Audrey Curtis, Brian Koppel, 2013 Presenting an empirically grounded definition of project portfolio management effectiveness that can be applied to organizations of all kinds, this book identifies the five critical process, organizational, and human factors that impact project portfolio management effectiveness, and proposes common-sense criteria for effectively measuring it. -- |
| benefits of project portfolio management: Project Management Ofer Zwikael, John R. Smyrk, 2019-03-19 Winner of 2020 PMI David I. Cleland Project Management Literature Award This book is a complete project management toolkit for project leaders in business, research and industry. Projects are approved and financed to generate benefits. Project Management: A Benefit Realisation Approach proposes a complete framework that supports this objective – from project selection and definition, through execution, and beyond implementation of deliverables until benefits are secured. The book is the first to explain the creation of organisational value by suggesting a complete, internally-consistent and theoretically rigorous benefit-focused project management methodology, supported with an analytical technique: benefit engineering. Benefit engineering offers a practical approach to the design and maintenance of an organisation’s project portfolio. Building upon the authors’ earlier successful book, Project Management for the Creation of Organisational Value, this comprehensively revised and expanded new book contains the addition of new chapters on project realisation. The book offers a rigorous explanation of how benefits emerge from a project. This approach is developed and strengthened — resulting in a completely client-oriented view of a project. Senior executives, practitioners, students and academics will find in this book a comprehensive guide to the conduct of projects, which includes robust models, a set of consistent principles, an integrated glossary, enabling tools, illustrative examples and case studies. |
| benefits of project portfolio management: Project Portfolio Management EPMC, Inc., 2011-11-16 Written by ten successful project portfolio managers from companies including AAA, Boeing, Franklin Templeton, Johnson & Johnson, Safeway, and the UK Government, this easy-to-follow guide takes you through the project portfolio management process. It's based on what actually works, giving you a clear road map and the tools needed to determine the optimal mix and sequencing of projects in order to meet your organization's goals. The book begins by explaining basic PPM principles and why PPM is more critical than ever for business success. This introduction is followed by a story, tracking the experiences of a manager new to PPM as he discovers the issues that all of us face in trying to get traction with our PPM initiatives. In answering the questions our story raises, the book then details each step of the PPM process, using cases and examples drawn from the authors' first hand experience to help you address such key questions as: Which projects should our organization invest in? How can we optimize our organization's capacity? How well are we executing the PPM process? Can our organization absorb all the changes that our PPM plan requires? Are we achieving all the expected benefits? The authors are all members of the Enterprise Portfolio Management Council, a group of senior portfolio management executives dedicated to helping organizations develop their own portfolio management capabilities. Now you can benefit from their collective wisdom and experience, and duplicate their successful results within your own organization. |
| benefits of project portfolio management: Enterprise Project Portfolio Management Dr. Richard Bayney, Ram Chakravarti, 2012-08-11 This unique guide and professional reference presents a structured framework for practitioners and students of project, program, and portfolio management to enhance their strategic and analytic capabilities in the evolving discipline of project portfolio management (PPM). It provides a practical, step-by-step approach to building competencies in categorizing, evaluating, optimizing, prioritizing, and managing an IT, pharmaceutical, biotech or other complex R&D-oriented portfolio of investments. |
| benefits of project portfolio management: Research on Project, Programme and Portfolio Management Roxana Cuevas, Constanta-Nicoleta Bodea, Pablo Torres-Lima, 2020-12-17 This book collects recent work presented at the 31st IPMA Congress, which was held in Merida, Mexico, from September 30th to October 2nd, 2019. It covers a range of project, programme and portfolio management contexts, with the general aim of integrating sustainability into project management. The book is structured into three parts. The first part covers concepts and approaches related to the integration of sustainability in project management. The second part presents research on integrating sustainability into project management in different industries and regions. The final part takes specific perspectives on integrating sustainability into project management related to learning and continuing competence development. The book offers a valuable resource for all researchers interested in studying the emerging trends in incorporating sustainability in project, programme and portfolio management. |
| benefits of project portfolio management: The Handbook of Project Portfolio Management Dennis Lock, Reinhard Wagner, 2018-10-09 Managing large and complex organizations; balancing the needs of business-as-usual, new products and services and business change; assuring risk across everything the business does; these are all core requirements of modern business which are provided by the discipline of portfolio management. The Handbook of Project Portfolio Management is the definitive publication that introduces and describes in detail project portfolio management in today’s ever-changing world. The handbook contains the essential knowledge required for managing portfolios of business change with real-life examples that are being used by today’s organizations in various industries and environments. The team of expert contributors includes many of the most experienced and highly regarded international writers and practitioners from the global project portfolio management industry, selected to provide the reader with examples, knowledge and the skills required to manage portfolios in any organization. Dennis Lock and Reinhard Wagner’s definitive reference on project portfolio management explains: the context and role of the discipline; the practical processes, tools and techniques required for managing portfolios successfully; the capability required and how to develop it. The text also covers the recognized standards as well as emerging issues such as sustainability and environment. Collectively, this is a must-have guide from the leading commentators and practitioners on project portfolio management from across the world. |
| benefits of project portfolio management: Benefits Realization Management: A Practice Guide , 2019-01-22 Benefits realization is the common thread that runs from organizational strategy through project deliverables that contribute benefits. Yet, according to PMI's 2018 Pulse of the Profession Report: Success in Disruptive Times, only one in three organizations report high benefits realization maturity. This practice guide provides a comprehensive look at the topic of benefits realization in of portfolio, program, and project management. It will help readers tackle this important topic and drive more successful outcomes and better strategic alignment in your organization. Inside this practice guide readers will find: standardized definitions for benefits realization, benefits realization management and associated benefits realization terms; the core principles of benefits realization; the benefits realization management life cycle from organizational mission, vision, and strategy through project deliverables and success measurement, and how it contributes to the expected benefits and value that the organization intends to realize; and a framework and guidance to help practitioners manage benefits realization in organizational project management and portfolio, program, and project management. As with all PMI standards and publications, this practice guide also aligns with our other standards including: A Guide to the Project Management Body of Knowledge (PMBOK Guide)®—Sixth Edition; The Standard for Program Management—Fourth Edition; and The Standard for Portfolio Management—Fourth Edition. |
| benefits of project portfolio management: Project Portfolio Management in Theory and Practice Jamal Moustafaev, 2016-10-04 Every CEO in the world, if questioned, will always complain that there are a lot of ideas to implement, but, unfortunately, insufficient resources to accomplish them. This book provides a solution to this dilemma by supplying techniques to assess the value of projects, prioritize projects, and decide which projects to implement and which to postpone. In addition, it describes various methods of balancing project portfolios and different strategic alignment models. The book provides thirty real-life project portfolio management case studies from pharmaceutical, product development, financial, energy, telecommunications, not-for-profit and professional services industries. |
| benefits of project portfolio management: Project Strategy and Strategic Portfolio Management William H.A. Johnson, 2013-05-20 Projects have become the de facto method of implementing business strategy and operations. As such, understanding how projects relate to business strategy and managing projects strategically is increasingly important to effective and efficient business management This book is designed as a short and concise treatise on how to go about doing that. The authors start by figuring out how the project relates to the rest of the business and environment and what separates it from other projects and functions. They go on to discuss how you can use principles of strategic management to better organize and manage the various projects you may be dealing with on a daily basis so that they are strategic in nature. In essence, this book details how to approach answering the important strategic questions in project management like—“Why is the project being implemented? How does the project relate to the major strategic goals of the organization? How do we accomplish the performance goals for the project so that they help achieve the major strategic goals of the organization?” |
| benefits of project portfolio management: Project Portfolio Management Clive N. Enoch, 2015-07-20 Project portfolio management (PfM) is a critically important discipline, which organizations must embrace in order to extract the maximum value from their project investments. Essentially, PfM can be defined as the translation of strategy and organizational objectives into projects, programs, and operations (portfolio components); the allocation of resources to portfolio components according to organizational priorities; alignment of components to one or more organizational objectives; and the management and control of these components in order to achieve organizational objectives and benefits. The focus of this book is aimed at providing a mechanism to determine the individual and cumulative contribution of portfolio components to strategic objectives so that the right decisions can be made regarding those components. |
| benefits of project portfolio management: Optimizing Corporate Portfolio Management Anand Sanwal, 2007-07-30 If where an organization allocates its resources determines its strategy, why is it that so few companies actively manage the resource allocation process? Optimizing Corporate Portfolio Management: Aligning Investment Proposals with Organizational Strategy goes beyond platitudes about why you should use corporate portfolio management (CPM) by offering a practical methodology to bring this powerful discipline to your organization. Optimizing Corporate Portfolio Management takes an expansive view of where CPM can be utilized by demonstrating that it can be used across any business line, product group or functional area, e.g., IT, R&D, innovation, marketing, salesforce, capital expenditure, etc. CPM is appropriate anywhere discretionary investments are being selected and executed. As a result, other terms used to describe portfolio management such as IT portfolio management, enterprise portfolio management, and project portfolio management are all merely subsets or slices of CPM. The book is written by Anand Sanwal, an expert on CPM, who has led American Express' CPM discipline (referred to as American Express Investment Optimization). American Express' CPM efforts are widely recognized as the most extensive, substantial and progressive deployment of CPM across any organization. Sanwal avoids academic theories and consultant jargon to ultimately deliver pragmatic and proven recommendations on how to make CPM a reality. The book features a foreword by Gary Crittenden, former CFO and EVP of American Express, and several case studies from leading financial services, technology, and government organizations utilizing CPM. Additionally, the book has received significant praise from thought leaders at Google, HP, American Express, The CFO Executive Board, Gartner, Accenture Marketing Sciences, The Wharton School of Business and many others. |
| benefits of project portfolio management: The Project Workout Robert Buttrick, 2005 The Project Workout is a valuable executive companion which shows you how to drive your business forward by using benefit-led project and program management effectively. |
| benefits of project portfolio management: The Standard for Portfolio Management , 2017-11-15 The Standard for Portfolio Management – Fourth Edition has been updated to best reflect the current state of portfolio management. It describe the principles that drive accepted good portfolio management practices in today's organizations. It also expands the description of portfolio management to reflect its relation to organizational project management and the organization. |
| benefits of project portfolio management: Realize PPM Chris Garibaldi, Michael Ravin, Matthew Ku, 2020-01-31 Project Portfolio Management (PPM) provides the ability to significantly reduce cost, increase delivery efficiency, save revenue for priority investments, and more effectively employ an organization's workforce to strategically aligned initiatives. Deloitte Consulting LLP's PPM practice provides insights for technology and business leaders to better deliver for their respective businesses using PPM. PPM provides direct visibility into a leader's organization, thus providing the information required to lead and make decisions authoritatively. It can be applied to many industries at varying levels of organizational maturity. By focusing on people first, then on process-and viewing technology as an enabler-PPM can guide a business to maturity. If applied effectively, PPM helps one deliver value in the digital age. Clearly stated and supported by real-world examples, this book helps leaders wield the power of PPM! |
| benefits of project portfolio management: Guide to Portfolio Management James L. Farrell, 1983 |
| benefits of project portfolio management: Managing Change in Organizations Project Management Institute, 2013-08-01 Managing Change in Organizations: A Practice Guide is unique in that it integrates two traditionally disparate world views on managing change: organizational development/human resources and portfolio/program/project management. By bringing these together, professionals from both worlds can use project management approaches to effectively create and manage change. This practice guide begins by providing the reader with a framework for creating organizational agility and judging change readiness. |
| benefits of project portfolio management: Transforming Government and Public Services Mr Stephen Jenner, 2012-09-28 'This book distills the learning from practical experience and academic research…and represents a significant contribution to the challenges we face in transforming government and public services in an environment of ever-tighter finances' — John Suffolk, UK Government Chief Information Officer Major public sector IT-enabled business change programmes are designed to realize benefits in terms of more efficient services, services tailored to the need of citizens, and improved outcomes, but in practice such benefits often fail to materialize or we are unable to demonstrate their delivery - Transforming Government and Public Services provides proven tools, techniques and processes to reverse this trend. Stephen Jenner explores a number of key themes that are fundamental to an approach to project portfolio management built on value. He explains how to: develop a business case to achieve a desired intent rather than justify a particular solution; create project documentation that is both technically rigorous and gives users a clear understanding of where you are going; treat projects as investments rather than costs; include stage gates with teeth that are closely linked to real performance; plan for success rather than holding people to account for failure; use a single version of the truth principle so there are no arguments about different data. In a complex, confusing and often highly politicized environment, Stephen Jenner's Transforming Government and Public Services provides a clear, definitive and highly applied guide for all involved in selecting the right projects and doing them right so that they achieve the intended investment objectives. |
| benefits of project portfolio management: Agile Portfolio Management Jochen Krebs, 2008-07-16 Agile development processes foster better collaboration, innovation, and results. So why limit their use to software projects—when you can transform your entire business? Written by agile-mentoring expert Jochen Krebs, this book illuminates the opportunities—and rewards—of applying agile processes to your overall IT portfolio. Whether project manager, business analyst, or executive—you’ll understand the business drivers behind agile portfolio management. And learn best practices for optimizing results. Use agile processes to align IT and business strategy Adapt and extend core agile processes Orchestrate the collaboration between IT and business vision Eliminate wish-list driven requirements, and manage expectations instead Optimize the balance of projects, resources, and assets in your portfolio Use metrics to communicate project status, quality, even team morale Create a portfolio strategy consistent with the goals of the organization Achieve organizational and process transparency Manage your business with agility—and help maximize the returns! |
| benefits of project portfolio management: Managing Benefits Steve Jenner, APMG International, 2014-09-29 Projects and programmes should achieve a return on the investment made by the owner or sponsor. This return is now thought of as the benefits that accrue from the investment: some financial, others perhaps harder to define, but nonetheless just as important in justifying the investment. Making sure that they are realised, and that unanticipated benefits are maximised, is as important as the initial justification, and without that many projects have earned a bad name for project management. This publication provides comprehensive guidance on how to manage delivery of the benefits used to justify investment in change. It provides guidance for all involved in successful change delivery from senior responsible owners and directors through to portfolio, programme and project managers. The guidance is the source material for an accredited qualification from APMG-International |
| benefits of project portfolio management: Middle Managers in Program and Project Portfolio Management Tomas Blomquist, Ralf Müller, 2006 Program Management Related Roles Prior to Project Execution -- Identification of Business Opportunities -- Synergy Identification -- Resource Planning and Selection -- Program and Portfolio Management Related Roles during Project Execution -- Identification of Bad Projects -- Participation in Steering Groups -- Prioritization of Projects -- Coordination of Projects -- Collection and Aggregation of Reports -- Initiation of Reviews -- Handling of Issues -- Coaching of Project Managers -- Improvement of Processes -- Summary of Managerial Implications -- Chapter 5: Theoretical Implications and Conclusions -- Theoretical Implications -- Suggestions for Further Research -- A Final Word -- References -- Appendix A: Interview Instrument -- Appendix B: Questionnaire Instrument -- Appendix C: Summary Tables -- Questionnaire Variable Descriptions -- Performance Differences by Governance Structure -- Performance Differences in Projects, Programs and Portfolios by Governance Structure -- Summary of Research Questions, Hypotheses and Results -- Appendix D: Author Contact Information |
| benefits of project portfolio management: Portfolio Management Ginger Levin, PMP, PgMP, John Wyzalek, PfMP, 2014-10-15 Recognizing the importance of selecting and pursuing programs, projects, and operational work that add sustainable business value that benefits end users, the Project Management Institute (PMI®) issued its first Standard on Portfolio Management in 2006. In 2014, it launched the Portfolio Management Professional (PfMP®) credential—which several of the experts who contributed to this book earned—to recognize the advanced expertise required of practitioners in the field. Presenting information that is current with The Standard for Portfolio Management, Third Edition (2013); Portfolio Management: A Strategic Approach supplies in-depth treatment of the five domains and identifies best practices to ensure the organization has a balanced portfolio management that is critical to success. Following PMI’s standard, the book is organized according to its five domains: strategic alignment, governance, portfolio performance management, portfolio risk management, and portfolio communications management. Each chapter presents the insight of different thought leaders in academia and business. Contributors from around the world, including the Americas, Europe, the Middle East, Africa, and Australia, supply a global perspective as to why portfolio management is essential for all types of organizations. They provide guidelines, examples, and models to consider, along with discussion and analysis of relevant literature in the field. Most chapters reference PMI standards, complement their concepts, and expand on the concepts and issues that the standards mention in passing or not at all. Overall, this is a must-have resource for anyone pursuing the PfMP® credential from PMI. For executives and practitioners in the field, it provides the concepts you will need to address the ever-changing complexities that impact your work. This book is also suitable as a textbook for universities offering courses on portfolio management. |
| benefits of project portfolio management: Agile Practice Guide , 2017-09-06 Agile Practice Guide – First Edition has been developed as a resource to understand, evaluate, and use agile and hybrid agile approaches. This practice guide provides guidance on when, where, and how to apply agile approaches and provides practical tools for practitioners and organizations wanting to increase agility. This practice guide is aligned with other PMI standards, including A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Sixth Edition, and was developed as the result of collaboration between the Project Management Institute and the Agile Alliance. |
| benefits of project portfolio management: Project Portfolios in Dynamic Environments Brian Hobbs, Yvan Petit, PMP, 2012-05-01 Project Portfolios in Dynamic Environments: Organizing for Uncertainty is a comprehensive report of research that addresses this important, rising issue. Authors Yvan Petit and Brian Hobbs present the results of their investigation in a report that significantly advances the theory and also offers tips for practice. Currently, those applying project portfolio management tend to focus on the selection, prioritization, and strategic alignment of projects. Little attention is afforded the potential disturbances to project portfolios such as new projects, terminated projects, delayed projects, incorrect planning due to high uncertainty, and changes in the external environment. Yet, these factors can have highly disruptive, even show-stopping influence. This research seeks to answer: How is uncertainty affecting project portfolios managed in dynamic environments? |
| benefits of project portfolio management: Right Projects Done Right Paul C. Dinsmore, Terence J. Cooke-Davies, 2005-10-24 The Right Projects Done Right! reflects the advances that have been made since the concern for managing multiple projects in organizations first emerged more than a decade ago. This book includes findings and solutions that address three vital questions: Has the right portfolio of projects been chosen to ensure that company strategy is implemented successfully? Have the right projects with the right scope been selected as candidates for the portfolio? Are the projects managed well? Dinsmore and Cooke-Davies help managers answer these questions by providing them with the information they need to implement an enterprise-wide project management environment. |
| benefits of project portfolio management: Project Portfolio Management S. Rajegopal, P. McGuin, J. Waller, 2007-03-19 Many companies and organizations are faced with a portfolio of projects that need to be managed effectively and successfully. This new book by leading practitioners introduces a framework and range of tools to enable the project portfolio to be strategically managed. |
| benefits of project portfolio management: Project Categorization Systems Lynn Crawford, J. Brian Hobbs, J. Rodney Turner, 2005 |
| benefits of project portfolio management: Taming Change with Portfolio Management Pat Durbin, Terry Doerscher, 2010 A guide that shows how any organisation can harness the power of change by applying the cutting-edge discipline of portfolio management. Features: Enormous potential audience. The authors provide software and software services to over 500,000 individuals world-wide. In addition, the authors will use the book for presentations to senior members of the Project Management Institute, an organisation with over 500,000 members in more than 170 countries; A user-friendly introduction to a tremendously powerful management system. With clever graphics and case studies drawn from the authors' fifty years of combined experience, this book is essential reading for anyone seeking an effective and adaptable approach to managing organisations in a world of constant change; The first book to show companies how to unify the portfolio management process. While hundreds of books have been written about various portions of this system, this is the first book to synthesise all the information into one definitive treatment and expand the scope of project portfolio management to company--wide applications. |
Project Portfolio Management Limited Resources | PMI
Oct 19, 2008 · Project portfolio management (PPfM) is fundamentally different from project and program management. Project and program management are about execution and delivery-- …
Why Porfolio Management Matters - Project Management Institute
In recent years organizations have recognized that project and program management alone is not maximizing the organization’s ability to deliver on its strategic goals. Project execution was …
ACCEPTANCE CRITERIA: Benefits realization management
questions and good practices that project, program, and portfolio management professionals and leaders can use to help guide the identification, analysis, delivery, and sustainment of …
Portfolio Management | PMI - Project Management Institute
Organizations are increasingly recognizing that portfolio management can help them make the decisions that will set them apart from their competitors. The trend was clear in PMI's 2012 …
Delivering on Strategy: The Power of Portfolio Management
Organizations with mature project portfolio management practices complete 35 percent more of their programs successfully. They fail less often and waste less money. This report is a …
The View From Above - Project Management Institute
Despite the quantifiable benefits of portfolio management, many organizations fail to appreciate the competitive edge it can deliver. PMI’s Pulse report shows only 21 percent of organizations …
Project benefit management - Project Management Institute
Jul 29, 2014 · Realizing benefits is an important criterion to evaluate project performance. Hence, project benefit management is essential to enhance project success. This paper focuses on the …
Ten Guidelines for Successful Benefits Realization
Oct 10, 2015 · Projects have been in existence forever, and many use the pyramids as an example to see the differences between portfolio, program, and project management. A …
Portfolio decisions to maximize strategic benefits
Oct 29, 2013 · Success in project portfolio management depends more on people, culture, governance, and a transformational change in attitudes and processes, than any specific tool …
Portfolio Management (PfMP) Certification | PMI
An important reference for portfolio managers, as well as project and program managers—regardless of industry or project delivery approach. In today’s environment of rapid …
Project Portfolio Management Limited Resources | PMI
Oct 19, 2008 · Project portfolio management (PPfM) is fundamentally different from project and program management. Project and program management are about execution and delivery-- …
Why Porfolio Management Matters - Project Management Institute
In recent years organizations have recognized that project and program management alone is not maximizing the organization’s ability to deliver on its strategic goals. Project execution was …
ACCEPTANCE CRITERIA: Benefits realization management
questions and good practices that project, program, and portfolio management professionals and leaders can use to help guide the identification, analysis, delivery, and sustainment of …
Portfolio Management | PMI - Project Management Institute
Organizations are increasingly recognizing that portfolio management can help them make the decisions that will set them apart from their competitors. The trend was clear in PMI's 2012 …
Delivering on Strategy: The Power of Portfolio Management
Organizations with mature project portfolio management practices complete 35 percent more of their programs successfully. They fail less often and waste less money. This report is a …
The View From Above - Project Management Institute
Despite the quantifiable benefits of portfolio management, many organizations fail to appreciate the competitive edge it can deliver. PMI’s Pulse report shows only 21 percent of organizations …
Project benefit management - Project Management Institute
Jul 29, 2014 · Realizing benefits is an important criterion to evaluate project performance. Hence, project benefit management is essential to enhance project success. This paper focuses on …
Ten Guidelines for Successful Benefits Realization
Oct 10, 2015 · Projects have been in existence forever, and many use the pyramids as an example to see the differences between portfolio, program, and project management. A …
Portfolio decisions to maximize strategic benefits
Oct 29, 2013 · Success in project portfolio management depends more on people, culture, governance, and a transformational change in attitudes and processes, than any specific tool …
Portfolio Management (PfMP) Certification | PMI
An important reference for portfolio managers, as well as project and program managers—regardless of industry or project delivery approach. In today’s environment of rapid …
