Portfolio Management: A Strategic Approach

Recognizing the importance of selecting and pursuing programs, projects, and operational work that add sustainable business value that benefits end users, the Project Management Institute (PMI(R)) issued its first Standard on Portfolio Management in 2006. In 2014, it launched the Portfolio Management Professional (PfMP(R)) credential-which several of the experts who contributed to this book earned-to recognize the advanced expertise required of practitioners in the field. Presenting information that is current with The Standard for Portfolio Management, Third Edition (2013); Portfolio Management: A Strategic Approach supplies in-depth treatment of the five domains and identifies best practices to ensure the organization has a balanced portfolio management that is critical to success. Following PMI’s standard, the book is organized according to its five domains: strategic alignment, governance, portfolio performance management, portfolio risk management, and portfolio communications management. Each chapter presents the insight of different thought leaders in academia and business. Contributors from around the world, including the Americas, Europe, the Middle East, Africa, and Australia, supply a global perspective as to why portfolio management is essential for all types of organizations. They provide guidelines, examples, and models to consider, along with discussion and analysis of relevant literature in the field. Most chapters reference PMI standards, complement their concepts, and expand on the concepts and issues that the standards mention in passing or not at all. Overall, this is a must-have resource for anyone pursuing the PfMP(R) credential from PMI. For executives and practitioners in the field, it provides the concepts you will need to address the ever-changing complexities that impact your work. This book is also suitable as a textbook for universities offering courses on portfolio management.

About the Author

Dr. Ginger Levin is a Senior Consultant and Educator in project management. Her specialty areas are portfolio management, program management, the Project Management Office, metrics, and maturity assessments. She is certified as a PMP, PgMP and as an OPM3 Certified Professional. She was the second person in the world to receive the PgMP. As an OPM3 Certified Professional, she has conducted over 25 maturity assessments using the OPM3 Product Suite tool. In addition, Dr. Levin is an Adjunct Professor for the University of Wisconsin-Platteville where she teaches in its M.S. in Project Management Program, for SKEMA (formerly Esc Lille) University, France, and RMIT in Melbourne, Australia in their doctoral programs in project management. In consulting, she has served as Project Manager in numerous efforts for Fortune 500 and public sector clients, including Genentech, Cargill, Abbott Vascular, UPS, Citibank, the Food and Drug Administration, General Electric, SAP, EA DS, John Deere, Schreiber Foods, TRW, New York City Transit Authority, the U .S. Joint Forces Command, and the U .S. Department of Agriculture. Prior to her work in consulting, she held positions of increasing responsibility with the U .S. Government, including the Federal Aviation Administration, Office of Personnel Management, and the General Accounting Office. Dr. Levin is the editor of Program Management: A Life Cycle Approach (2012), author of Interpersonal Skills for Portfolio, Program, and Project Managers, published in 2010. She is the co-author of Program Management Complexity: A Competency Model (2011), Implementing Program Management: Forms and Templates Aligned with the Standard for Program Management Second Edition (2008), Project Portfolio Management, Metrics for Project Management, Achieving Project Management Success with Virtual Teams, Advanced Project Management Office A Comprehensive Look at Function and Implementation, People Skills for Project Managers, Essential People Skills for Project Manager, The Business Development Capability Maturity Model, ESI’s PMP Challenge! PMP Study Guide, and the PgMP Study Guide. Dr. Levin received her doctorate in Information Systems Technology and Public Administration from The George Washington University, and received the Outstanding Dissertation Award for her research on large organizations. John Wyzalek, PfMP uses portfolio management in his position as Senior Acquisitions Editor at Taylor & Francis, where he acquires, edits, and markets lines of books on project, program, and portfolio management, as well as information technology and software engineering. His publication lines include books for professionals, textbooks, certification guides, and encyclopedias. H e is also editor and Web master of the on-line magazine IT Performance Improvement. He published Green Project Management, which won the David I . Cleland Project Management Literature Award in 2011. Prior to Taylor & Francis, he was a book editor at Artech House and Computing McGraw-Hill. His career in publishing began as a reporter for the Today Newspaper, which serves communities in Northern New Jersey. Subsequently, he edited the magazines Computer Products and Fiberoptic Product News. He was also the editor of the journal Information Systems Management for Warren Gorham & Lamont and Taylor & Francis. Mr. Wyzalek is currently pursuing a doctoral degree in project management at SKEMA University, Lille, France. He earned PfMP certification from the Project Management Institute during the pilot program for the certificate. He holds a Master of Computer Science Degree from the New Jersey Institute of Technology and a Bachelor of Arts Honors Degree from McGill University, where he studied German language and literature, as well as computer science.

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