The four pillars of portfolio management: organizational agility, strategy, risk, and resources

190 Pages·2019·8.823 MB·English

by  Lazar, Olivier

The Four Pillars
of Portfolio
Management
Organizational Agility,
Strategy, Risk, and Resources

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in Program Management Series
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The Four Pillars
of Portfolio
Management
Organizational Agility,
Strategy, Risk, and Resources
Olivier Lazar
Boca Raton London New York
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Dedication
Jacek, you’ve always been beside me while writing this. Your music made my
thoughts move forward and gave me the strength and persistence I needed, as
it always did. I miss you.
vii

Contents
Dedication vii
Contents ix
List of Figures xiii
Foreword xv
Acknowledgments xvii
About the Author xix
Chapter 1 Introduction 1
Chapter 2 Context of Portfolio Management 3
2.1 Differences between Projects, Programs, and Portfolios 6
2.2 Uncertainty, Ambiguity, and Complexity 8
2.3 The Portfolio Management Governance Model 12
2.3.1 Establish the Organizational Strategy 13
2.3.2 Assess the Organizational Capabilities 14
2.3.3 Analyze Current Set of Activities and Initiatives 14
2.3.4 Forecast Future Commitments 15
2.3.5 Reconcile Resource Allocation with the
Organization’s Capability 15
2.3.6 Analyze Performance Data 17
2.4 The Organizational Context of Portfolio Management 17
ix