ENGLISH

Project Portfolio Management: A Model for Improved Decision Making

By Clive N. Enoch

Book information

Publisher
Business Expert Pr
Year
2019
ISBN
1949991253, 9781949991253
Language
english
Format
PDF
Filesize
5 MB (4996826 bytes)
Edition
Revised
Pages
\134
Time added
2021-07-09 14:26:40

Description

The focus of this book is aimed at providing a mechanism to determine the individual and cumulative contribution of portfolio components to strategic objectives so that the right decisions can be made regarding those components. Project portfolio management (PfM) is a critically important discipline, which organizations must embrace in order to extract the maximum value from their project investments. Essentially, PfM can be defined as the translation of strategy and organizational objectives into projects, programs, and operations (portfolio components); the allocation of resources to portfolio components according to organizational priorities; alignment of components to one or more organizational objectives and the management and control of these components in order to achieve organizational objectives and benefits. The interest and contribution to the body of knowledge in project portfolio management has been growing significantly in recent years, however, a particular area of concern is the decision-making, during the management of the portfolio, regarding which portfolio components to accelerate, suspend, or terminate. Failing to determine how the individual and cumulative components of a portfolio contribute to an organization’s strategic objectives leads to poorly informed decisions that negate the positive effect that a sound understanding of project portfolio management could have in an organization. Cover Contents Acknowledgments Chapter 1: Introduction Chapter 2: A Model for Decision Making Chapter 3: Extending the Model Chapter 4: Using the Model Chapter 5: Benefits Realization Chapter 6: Conclusion Appendix 1: Related Theories Notes References Index Adpage Backcover

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