Implementing Project Portfolio Management

As a companion guide to portfolio management, this book is primarily grounded with the Standard for Portfolio Management -4th Edition. This book is designed for three primary audience groups: Business Executives, Portfolio Leaders and Practitioners, and Portfolio Thinkers.

"The Standard for Portfolio Management - Fourth Edition is a major up- date to the third edition. There are three major changes: 1) The new book is now a principle-based standard in which the applicability has achieved greater universality. 2) The breadth of the new standard is broader, en- compassing a portfolio life cycle, aligning with complexity and system theories, portfolio stakeholder management and portfolio value management. 3) The depth has also been increased to include a section on capability and capacity, a major rework on governance management, and significant insights in value management and stakeholder management. As a principle-based standard, the 'how' of portfolio management is largely removed, and thus, even with a significant addition of concepts and practices, the new standard is nearly 20 percent shorter in length than the previous edition. This is a significant trade-off. To address the 'hows,' select members of the core team decided to work together to write this book, Implementing Project Portfolio Management: A Companion Guide to the Standard for Portfolio Management"--

"The Standard for Portfolio Management - Fourth Edition is a major up- date to the third edition. There are three major changes: 1) The new book is now a principle-based standard in which the applicability has achieved greater universality. 2) The breadth of the new standard is broader, en- compassing a portfolio life cycle, aligning with complexity and system theories, portfolio stakeholder management and portfolio value management. 3) The depth has also been increased to include a section on capability and capacity, a major rework on governance management, and significant insights in value management and stakeholder management. As a principle-based standard, the 'how' of portfolio management is largely removed, and thus, even with a significant addition of concepts and practices, the new standard is nearly 20 percent shorter in length than the previous edition. This is a significant trade-off. To address the 'hows,' select members of the core team decided to work together to write this book, Implementing Project Portfolio Management: A Companion Guide to the Standard for Portfolio Management"--

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.

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.

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

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.