Table Of ContentBusiness & Management / Project Management W PORTFOLIO
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Recognizing the importance of selecting and pursuing programs, projects, and AV
operational work that add sustainable business value that benefits end users, the Project LIN
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MANAGEMENT
Management Institute (PMI®) issued its first Standard on Portfolio Management K
in 2006. In 2014, it launched the Portfolio Management Professional (PfMP®)
credential—which several of the experts who contributed to this book earned—to
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recognize the advanced expertise required of practitioners in the field.
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A STRATEGIC APPROACH
Presenting information that is current with The Standard for Portfolio Management,
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Third Edition (2013), Portfolio Management: A Strategic Approach supplies
in-depth treatment of the five domains and identifies best practices to ensure the
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organization has a balanced portfolio management that is critical to success.
Following PMI’s standard, the book is organized according to its five domains: F
strategic alignment, governance, portfolio performance management, portfolio risk O
management, and portfolio communications management.
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Each chapter presents the insight of different thought leaders in academia and business.
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Contributors from around the world, including the Americas, Europe, the Middle East, O
Africa, and Australia, supply a global perspective as to why portfolio management
is essential for all types of organizations. They provide guidelines, examples, and
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models to consider, along with discussion and analysis of relevant literature in the
field. Most chapters reference PMI standards, complement their concepts, and expand
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on the concepts and issues that the standards mention in passing or not at all.
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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
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need to address the ever-changing complexities that impact your work. This book is
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also suitable as a textbook for universities offering courses on portfolio management.
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M
Edited by
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DR. GINGER LEVIN, PMP, PgMP
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JOHN WYZALEK, PfMP
K23801
T
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PORTFOLIO
MANAGEMENT
A STRATEGIC APPROACH
Best Practices and Advances
in Program Management Series
Series Editor
Ginger Levin
RECENTLY PUBLISHED TITLES
Portfolio Management: A Strategic Approach
Ginger Levin and John Wyzalek
Program Governance
Muhammad Ehsan Khan
Project Management for Research and Development:
Guiding Innovation for Positive R&D Outcomes
Lory Mitchell Wingate
The Influential Project Manager:
Winning Over Team Members and Stakeholders
Alfonso Bucero
Project Management for Research and Development:
Guiding Innovation for Positive R&D Outcomes
Lory Mitchell Wingate
PfMP® Exam Practice Tests and Study Guide
Ginger Levin
Program Management Leadership: Creating Successful Team Dynamics
Mark C. Bojeun
Successful Program Management: Complexity Theory, Communication,
and Leadership
Wanda Curlee and Robert Lee Gordon
From Projects to Programs: A Project Manager’s Journey
Samir Penkar
Sustainable Program Management
Gregory T. Haugan
Leading Virtual Project Teams: Adapting Leadership Theories
and Communications Techniques to 21st Century Organizations
Margaret R. Lee
Applying Guiding Principles of Effective Program Delivery
Kerry R. Wills
PORTFOLIO
MANAGEMENT
A STRATEGIC APPROACH
Edited by
DR. GINGER LEVIN, PMP, PgMP
JOHN WYZALEK, PfMP
CRC Press
Taylor & Francis Group
6000 Broken Sound Parkway NW, Suite 300
Boca Raton, FL 33487-2742
© 2015 by Taylor & Francis Group, LLC
CRC Press is an imprint of Taylor & Francis Group, an Informa business
No claim to original U.S. Government works
Version Date: 20140829
International Standard Book Number-13: 978-1-4822-5105-0 (eBook - PDF)
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To the eighteen experts who diligently shared their knowledge in the chapters
they contributed to this book; to Rich O’Hanley and John Wyzalek, who
approved my proposal for this book; to John Wyzalek, who in addition
to writing a chapter in this book then supported me as a co-editor; and
to my husband, Morris Levin, for his continued support and love.
Ginger Levin, Lighthouse Point, Florida
Contents
Preface ix
editor Bios xiii
contriButor Bios xv
acknowledgments xxvii
chaPter 1 organizational agility through Project Portfolio
management 1
CATHERINE P. KILLEN, PhD
chaPter 2 Portfolio selection and termination 15
WERNER G. MEYER, PhD
chaPter 3 corPorate strategy—converting thoughts
and concePts into action 35
DAVID V. TENNANT, PE, PMP, MBA
chaPter 4 estaBlishing a governance model for strategic
Portfolio management 47
J. LeROY WARD, PMP, PgMP, CSM, PfMP
chaPter 5 it governance as an innovation tool 63
DR. SUBBU MURTHY
chaPter 6 governance and Portfolio management 77
LAURENCE LECOUVRE, PhD
chaPter 7 Project Portfolio governance 87
JENNIFER BAKER, PfMP MSPM, PgMP, PMP, ITIL, MBB, PfMP
chaPter 8 Business intelligence framework for Project
Portfolios (BiPPf) 109
MUHAMMAD EHSAN KHAN, PhD, PgMP, PMP
vii
viii Contents
chaPter 9 Portfolio management success 123
CARL MARNEWICK PhD
chaPter 10 Building the Bridge Between organizational strategy
and Portfolio management: alignment and Prioritization 149
MANUEL VARA, PMP, SCPM
chaPter 11 the accuracy of Portfolio risk estimation 165
DAVID A. MAYNARD, BSEE, MBA, PMP
chaPter 12 marketing the Project Portfolio 175
RODNEY TURNER, PhD and LAURENCE LECOEUVRE, PhD
chaPter 13 strategic Portfolio management through effective
communications 193
AMAURY AUBRÉE-DAUCHEZ, PMP, PgMP
chaPter 14 Project Portfolio management and communication 209
WANDA CURLEE, DM, PMP, PgMP, PMI-RMP, PfMP
chaPter 15 addressing Portfolio information issues through
the use of Business social networks, stars,
and gatekeePers 219
ROBERT JOSLIN PhDc, PMP, PgMP, CENG
chaPter 16 when stakeholders, goals, and strategy conflict 261
JOHN WYZALEK, PfMP
chaPter 17 Portfolio alignment: a strategic aPProach through
the Predicative value of outliers’ data 267
ING. KARI DAKAKNI, MReg, CENG
chaPter 18 delivering organizational value in the zone
of uncertainty 303
DR. LYNDA BOURNE, DPM, FACS, FAIM
