By The Enterprise Portfolio Management Council(auth.)
Written by way of ten profitable undertaking portfolio managers from businesses together with AAA, Boeing, Franklin Templeton, Johnson & Johnson, Safeway, and the united kingdom govt, this easy-to-follow advisor takes you thru the venture portfolio administration procedure. it truly is in accordance with what truly works, supplying you with a transparent street map and the instruments had to verify the optimum combine and sequencing of initiatives so one can meet your organization's targets. The booklet starts off via explaining simple PPM ideas and why PPM is extra severe than ever for enterprise luck. This creation is via a narrative, monitoring the studies of a supervisor new to PPM as he discovers the problems that each one people face in attempting to get traction with our PPM projects. In answering the questions our tale increases, the booklet then information every one step of the PPM approach, utilizing situations and examples drawn from the authors' first hand adventure that will help you handle such key questions as:
Which tasks may still our association put money into?
How will we optimize our organization's means?
How good are we executing the PPM method?
Can our association take in all of the adjustments that our PPM plan calls for?
Are we attaining the entire anticipated merits?
The authors are all individuals of the firm Portfolio administration Council, a gaggle of senior portfolio administration executives devoted to assisting firms strengthen their very own portfolio administration services. you can now make the most of their collective knowledge and event, and replica their profitable effects inside your individual organization.Content:
Chapter 1 what's undertaking Portfolio administration? (pages 1–24):
Chapter 2 creation (pages 25–36):
Chapter three Are We making an investment within the correct issues? (pages 37–51):
Chapter four Are We Optimizing Our potential? (pages 53–68):
Chapter five How good Are We Executing? (pages 69–73):
Chapter 6 will we take in all of the alterations? (pages 75–85):
Chapter 7 Are We understanding the Promised advantages? (pages 87–101):
Chapter eight The PPM approach (pages 103–114):
Chapter nine atmosphere the root for fulfillment (pages 115–138):
Chapter 10 PPM layout (pages 139–164):
Chapter eleven imposing PPM (pages 165–182):
Chapter 12 holding PPM (pages 183–192):
Chapter thirteen Bringing all of it jointly (pages 193–198):
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Extra info for Project Portfolio Management: A View From the Management Trenches
The company has a portfolio management office, headed by John Durham. At nine months of John’s ’tenure they have ninetyseven projects, nineteen portfolio programs, and eighteen divisional programs being overseen by the PMO. JOHN DURHAM John is the main character in the story. He is the vice president of portfolio management for Acme Retail, Inc. He is relatively new in the position. At the start of the story he has been at his new job for six months. He attended college in the New England area with Bill Smith, where they were roommates in a fraternity.
So how do you decide which ones to add, and when to add them? The business case is your fundamental tool for providing facts and data about each decision criterion to enable apples-to-apples comparisons to be made among projects in determining which ones should become part of the portfolio. Lesson Learned Even ‘‘mandatory’’ projects have options. Let us share one invaluable lesson we have learned the hard way: even ‘‘mandatory’’ projects have options (‘‘mandatory’’ projects are required to be done, maybe by law, or maybe by your CEO).
Are we realizing the promised benefits? THE FIVE QUESTIONS IN BRIEF Let’s take a brief look at the five questions we will explore in depth later. ’’ Any task, activity, project, or program requires either money, equipment, material, people’s time, or some combination of these. And when you look at it, the equipment, material, and even people’s time can be readily converted to a common unit of measure: money. Therefore, since PPM is looking at these things as a whole, and they all take money in some form, 6 WHAT IS PROJECT PORTFOLIO MANAGEMENT?
Project Portfolio Management: A View From the Management Trenches by The Enterprise Portfolio Management Council(auth.)