The Business of Portfolio Management

by Iain Fraser

Overview

The Business of Portfolio Management offers key insights to adopting a new approach to portfolio management that boosts organizational strategy. A veteran in the field, author lain Fraser proposes using a value management framework to link organizational strategy to portfolio content. This expansive guide includes case study examples of in-depth discussions about the value management framework, implementation and delivery techniques, portfolio leadership qualities, Work staff roles, professional development, and change management. Organizational maturity models to evaluate project, program, and portfolio performance and tools and techniques to implement, execute, and measure their benefits are also included.

Product Details

ISBN-13:	9781628253726
Publisher:	Project Management Institute
Publication date:	07/01/2017
Edition description:	None
Pages:	158
Product dimensions:	5.80(w) x 9.10(h) x 0.70(d)

Table of Contents

Dedication v

Acknowledgments vii

About the Author ix

Foreword xi

Introduction 1

Section 1 Organizational Woes and Wishes 5

1-1 Staying in Business Versus Getting Ahead 5

1-2 Driving Value and Becoming Aligned 6

1-3 Organizational Maturity 18

1-4 Organizational Structure and Design 20

1-5 Organizational P3M Governance 26

1-6 Organizational Maturity Models 28

1-7 The 3 Ps to Success 31

1-8 The Modern Lean Organization 32

1-9 Talent Management 34

1-10 Organizational Risks 39

Section 2 Portfolio Management: A Way of Doing Business 43

2-1 The Rise of Portfolio Management 43

2-2 High-Level View of Portfolio Management 44

2-3 Portfolio and Portfolio Management Explained 46

2-4 Organizational Context of Portfolio Management 48

2-5 Comparison of Portfolios, Programs of Work, and Projects 52

2-6 Interactions and Benefits of Portfolio Management 52

2-7 Introduction to Benefits Management 53

2-8 Portfolio Management Success Factors 57

2-9 Portfolio Management Process Overview 58

2-10 Portfolio Management Process Groups 59

2-11 Portfolio Management Tools and Techniques 62

2-12 Portfolio Management Metrics and Reporting 70

Section 3 Using Program and Project Management to Deliver Change and Realize Benefits 77

3-1 Program Management Explained 77

3-2 A Program Life Cycle 79

3-3 Differences Between Program and Project Life Cycles 80

3-4 Program Management Performance Domains 81

3-5 Program of Work Breakdown 90

3-6 Capturing Value (Benefits Realization) 95

3-7 Program Management Process Groups 96

3-8 Program Management Tools and Techniques 97

3-9 Program Management Metrics and Reporting 99

3-10 Project Management Commentary 100

Section 4 Supporting Functions: Time for Change! 107

4-1 Leadership in Organizations 107

4-2 Leadership Role Focus 108

4-3 Influencing for Change 110

4-4 Portfolio Management Office 120

4-5 Portfolio Manager's Responsibility and Expertise 123

4-6 Program Manager's Responsibility and Expertise 124

4-7 Qualifications and Credentials Options 126

4-8 Ongoing Improvement 130

4-9 On Finance, Information Technology, Human Resources, and Legal 136

Epilogue 141

Glossary 145

Bibliography and References 151

Index 155

Reader Reviews 165