Written by ten successful project portfolio managers from companiesincluding AAA, Boeing, Franklin Templeton, Johnson & Johnson,Safeway, and the UK Government, this easy-to-follow guide takes youthrough the project portfolio management process. It's based onwhat actually works, giving you a clear road map and the toolsneeded to determine the optimal mix and sequencing of projects inorder to meet your organization's goals. The book begins byexplaining basic PPM principles and why PPM is more critical thanever for business success. This introduction is followed by astory, tracking the experiences of a manager new to PPM as hediscovers the issues that all of us face in trying to get tractionwith our PPM initiatives. In answering the questions our storyraises, the book then details each step of the PPM process, usingcases and examples drawn from the authors' first hand experience tohelp 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 planrequires?
* Are we achieving all the expected benefits?
The authors are all members of the Enterprise PortfolioManagement Council, a group of senior portfolio managementexecutives dedicated to helping organizations develop their ownportfolio management capabilities. Now you can benefit from theircollective wisdom and experience, and duplicate their successfulresults within your own organization.
Business & Management Electrical & Electronics Engineering Elektrotechnik u. Elektronik Industrial Engineering Industrial Engineering / Project Management Industrielle Verfahrenstechnik Program & Project Management Programm- u. Projektmanagement Project Management Projektmanagement Projektmanagement i. d. Industriellen Verfahrenstechnik Wirtschaft u. Management
"Portfolio management is critically important, but oftenquickly dismissed as unnecessary 'strategy overhead'.Applied in the right ways, with the right level of discipline, itcan be an extremely insightful lens through which to see untappedsources of business value. Credit to the authors for shedding muchneeded light on both the art and science of project portfoliomanagement, both strategic and operational."
--Matt Wagner, Director, Strategy & Planning,Hewlett-Packard
"This is one of the most straightforward and easy to readbooks on Portfolio Management. It contains simple and relevantexamples of how to organize and execute a PM process that willsatisfy senior leadership's needs while streamlining theinformation and processes that are supported by the'trenches'."
-- Christine Cioffe, Vice President, Enterprise-widePortfolio Management Merck & Co., Inc
"Project Management has been hailed as the foundation ofmodern business, but managing the organization's entireportfolio of projects carries this discipline to the next level.Based on a wealth of hard-won experience, this book offersno-nonsense guides that can turn your organization into anenterprise-wide system for managing R&D programs, productlaunches, IT systems, new facilities, mergers, PR programs, changeefforts, and any of the myriad other activities that challengeleaders in all walks of life. Essential reading."
--William E. Halal, PhD Professor Emeritus of Science,Technology, & Innovation George Washington University,President, TechCast LLC
"'Project Portfolio Management' provides valuable guidanceon how organizations can optimize the return from their investmentsin change - not least in balancing process with the equallyimportant dimensions of governance and changed behaviors."
--John Suffolk, HM Goverrnment CIO
"In order to 'run IT as a business', it isimperative to have portfolio management in the center of yourstrategy. This book acknowledges its importance and providespractical guidance for success!"
--Zackarie Lemelle, Vice President, IT CorporateSystems, Johnson & Johnson
"Doing the right things" is just as important as"Doing things right". This book gives a practical guideon how to select the right projects (and those that we shouldabandon), ways to dynamically match the business demands to thecapabilities of your organization, and finally ensure businessresults and benefits are harvested. Many of the LessonsLearned ideas are valuable gems gained from years of experience bypractitioners of Portfolio Management."
--David Ching, CIO, Safeway Inc.
"Thought-provoking contribution to a key strategic topic,anchored in the political realities of organizationalbehavior."
--Andrew Bragg, Chief Executive, Association forProject Management
"Provides framework to blend culture, strategies,processes and technologies in the right proportions for the highestreturns."
--Mark C. Russell - CAO Grange Insurance
"This book helps illustrate the importance of a welldefined process, for technology to deliver results." -
--Michael Fergang - CIO Grange Insurance
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