Portfolio Management: A Strategic Approach, 1st Edition (Hardback) book cover

Portfolio Management

A Strategic Approach, 1st Edition

Edited by Ginger Levin, PMP, PgMP, John Wyzalek, PfMP

Auerbach Publications

358 pages | 58 B/W Illus.

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Hardback: 9781482251043
pub: 2014-10-15
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Description

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.

Reviews

"This book defines strategic portfolio management and its value to furthering business objectives and how it enhances an organization’s agility in responding to constantly changing market needs. It provides tools and techniques to use in the portfolio management team and an awareness of the critical success factors that must be addressed and measured to know that a portfolio management activity is adding value and maintaining management support necessary for its continued existence. … The emphasis on organizational agility, inclusion of profit/loss (P&L) leaders, and a process to periodically refresh the impact of changing strategic objectives makes this book a template for modern business."

—S. Lance Van Nostrand, PM World Journal Portfolio Management: A Strategic Approach, Vol. IV, Issue III – March 2015

Table of Contents

Organizational Agility through Project Portfolio Management; Catherine P. Killen, Ph.D.

Portfolio Selection and Termination; Werner G. Meyer, Ph.D.

Corporate Strategy—Converting Thoughts and Concepts into Action; David V. Tennant, PE, PMP, MBA

Establishing a Governance Model for Strategic Portfolio Management; J. LeRoy Ward, PMP, PgMP, CSM

IT Governance as an Innovation Tool; Dr. Subbu Murthy

Governance and Portfolio Management; Laurence Lecouvre, Ph.D.

Project Portfolio Governance; Jennifer Baker, PfMP MSPM, PgMP, PMP, ITIL, MBB

Business Intelligence Framework for Project Portfolios (BIPPf); Muhammad Ehsan Khan, PhD, PgMP, PMP

Portfolio Management Success; Carl Marnewick Ph.D.

Building the Bridge between Organizational Strategy and Portfolio Management: Alignment and Prioritization; Manuel Vara, PMP, SCPM, Project Portfolio Manager

The Accuracy of Portfolio Risk Estimation; David A . Maynard, BSEE, MBA, PMP

Marketing the Project Portfolio; Rodney Turner, Ph.D. and Lawrence Lecoeuvre, Ph.D.

Strategic Portfolio Management through Effective Communications; Amaury Aubrée-Dauchez, PMP, PgMP

Project Portfolio Management and Communication; Wanda Curlee, DM, PMP, PgMP, PMI-RMP

Addressing Portfolio Information Issues through the Use of Business Social Networks, Stars, and Gatekeepers; Robert Joslin PhD, PMP, PGMP, CENG

When Stakeholders, Goals, and Strategy Conflict; John Wyzalek, PfMP

Portfolio Alignment: A Strategic App roach through the Predicative Value of Outliers’ Data; Ing. Kari Dakakni, M.Sc., CENG

Delivering Organizational Value in the Zone of Uncertainty; Dr. Lynda Bourne, DPM, FACS, FAIM

About the Editors

Dr. Ginger Levin is a Senior Consultant and Educator in project management. Her specialty areas are portfolio management, program management, the Project Management Office, metrics, and maturity assessments. She is certified as a PMP, PgMP and as an OPM3 Certified Professional. She was the second person in the world to receive the PgMP. As an OPM3Certified Professional, she has conducted over 25 maturity assessments using the OPM3Product Suite tool.

In addition, Dr. Levin is an Adjunct Professor for the University of Wisconsin-Platteville where she teaches in its M.S. in Project Management Program, for SKEMA (formerly Esc Lille) University, France, and RMIT in Melbourne, Australia in their doctoral programs in project management.

In consulting, she has served as Project Manager in numerous efforts for Fortune 500 and public sector clients, including Genentech, Cargill, Abbott Vascular, UPS, Citibank, the Food and Drug Administration, General Electric, SAP, EA DS, John Deere, Schreiber Foods, TRW, New York City Transit Authority, the U .S. Joint Forces Command, and the U .S. Department of Agriculture. Prior to her work in consulting, she held positions of increasing responsibility with the U .S. Government, including the Federal Aviation Administration, Office of Personnel Management, and the General Accounting Office.

Dr. Levin is the editor of Program Management: A Life Cycle Approach(2012), author of Interpersonal Skills for Portfolio, Program, and Project Managers, published in 2010. She is the co-author of Program Management Complexity: A Competency Model (2011), Implementing Program Management: Forms and Templates Aligned with the Standard for Program Management Second Edition (2008), Project Portfolio Management, Metrics for Project Management, Achieving Project Management Success with Virtual Teams, Advanced Project Management Office A Comprehensive Look at Function and Implementation, People Skills for Project Managers, Essential People Skills for Project Manager, The Business Development Capability Maturity Model, ESI’s PMP Challenge! PMP Study Guide, and the PgMP Study Guide.

Dr. Levin received her doctorate in Information Systems Technology and Public Administration from The George Washington University, and received the Outstanding Dissertation Awardfor her research on large organizations.

John Wyzalek, PfMP uses portfolio management in his position as Senior Acquisitions Editor at Taylor & Francis, where he acquires, edits, and markets lines of books on project, program, and portfolio management, as well as information technology and software engineering. His publication lines include books for professionals, textbooks, certification guides, and encyclopedias. H e is also editor and Web master of the on-line magazine IT Performance Improvement. He published Green Project Management, which won the David I . Cleland Project Management Literature Award in 2011. Prior to Taylor & Francis, he was a book editor at Artech House and Computing McGraw-Hill. His career in publishing began as a reporter for the Today Newspaper, which serves communities in Northern New Jersey. Subsequently, he edited the magazines Computer Products and Fiberoptic Product News. He was also the editor of the journal Information Systems Managementfor Warren Gorham & Lamont and Taylor & Francis.

Mr. Wyzalek is currently pursuing a doctoral degree in project management at SKEMA University, Lille, France. He earned PfMP certification from the Project Management Institute during the pilot program for the certificate. He holds a Master of Computer Science Degree from the New Jersey Institute of Technology and a Bachelor of Arts Honors Degree from McGill University, where he studied German language and literature, as well as computer science.

About the Series

Best Practices in Portfolio, Program, and Project Management

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUS101000
BUSINESS & ECONOMICS / Project Management
COM032000
COMPUTERS / Information Technology
TEC009000
TECHNOLOGY & ENGINEERING / Engineering (General)