Many companies and organisations are faced with a portfolio of projects that need to be managed effectively and successfully. This new book by leading practitioners introduces a framework and range of tools to enable the project portfolio to be strategically managed including establishing guidelines, prioritising, aligning projects with strategy, balancing the portfolio and sustaining a change culture through continuous improvement.
Organizational Project Portfolio Management: A Practitioner's Guide offers a generic, practical methodology and tool kit to design, build, and manage a balanced portfolio at any level of the enterprise. These techniques can be used irrespective of business industry, where the portfolio management group is located within the organizational hierarchy, or the type of projects contained. Key Features Discusses how the principles of financial portfolio management are applicable to project portfolios, and outlines the three key steps to achieving a profitable project portfolio: 1) Defining your project investment strategy, 2) Selecting the right projects, and 3) Effectively managing them Presents a model and PPM methodology for a balanced portfolio based on concepts similar to a framework known as the 'balanced scorecard' that allows you to create a balance along any project characteristic such as size, risk, and development time Demonstrates how earned value management techniques can be effectively applied at the portfolio level and addresses risk and uncertainty Explains how to reprioritize projects when resources become limited, utilize key metrics to monitor and manage portfolio performance, and determine whether a project should be continued or terminated Uses a case study to illustrates how you can apply the methods and tools presented throughout the text and includes case study exercises to enhance the learning process WAV TM offers downloadable charts for managing resources, discounted cash flow and Monte Carlo simulation spreadsheets, and worksheets for portfolio and project case examples in the book - available from the Web Added ValueTM Download Resource Center at www.jrosspub.com.
Benefits realization management (BRM) is a key part of governance, because it supports the strategic creation of value and provides the correct level of prioritization and executive support to the correct initiatives. Because of its relevance to the governance process, BRM has a strong influence over project success and is a link between strategic planning and strategy execution. This book guides portfolio, program, and project managers through the process of benefits realization management so they can maximize business value. It discusses why and how programs and projects are expected to enable value creation, and it explains the role of BRM in value creation. The book provides a flexible framework for: Translating business strategy drivers into expected benefits and explains the subsequent composition of a program and project portfolio that can realize expected benefits Planning the benefits realization expected from programs and projects and then making it happen Keeping programs and projects on track Reviewing and evaluating the benefits achieved or expected against the original baselines and the current expectations. To help project, program, and portfolio managers on their BRM journey, as well as to support business managers in executing business strategies, the book identifies key organizational responsibilities and roles involved in BRM practices, and it provides a simple reference that can be mapped against any organizational structure. A detailed and comprehensive case study illustrates each phase of the BRM framework as it links business strategy to project work, benefits, and business value. Each chapter ends with a series questions that provide a BRM self-assessment. The book concludes with a set of templates and detailed instructions to ensure successful deployment of BRM.
Project Portfolio Management (PPM) provides the ability to significantly reduce cost, increase delivery efficiency, save revenue for priority investments, and more effectively employ an organization's workforce to strategically aligned initiatives. Deloitte Consulting LLP's PPM practice provides insights for technology and business leaders to better deliver for their respective businesses using PPM. PPM provides direct visibility into a leader's organization, thus providing the information required to lead and make decisions authoritatively. It can be applied to many industries at varying levels of organizational maturity. By focusing on people first, then on process-and viewing technology as an enabler-PPM can guide a business to maturity. If applied effectively, PPM helps one deliver value in the digital age. Clearly stated and supported by real-world examples, this book helps leaders wield the power of PPM!
This book provides a powerful insight into strategic portfolio management and its central role in the delivery of organisational strategy, maximisation of value creation, and efficient allocation of resources and capabilities to achieve organisational strategic objectives. The book makes a valuable contribution to the development of thinking on the translation of strategy into actionable work. Whether you are a senior manager building a high-performing strategic portfolio for your organisation or an academic searching for new perspectives on strategy execution through portfolio management, you will find great significance in this book. Twenty-eight chapters in four sections provide multiple perspectives on the topic, with in-depth guidance on organisational design for strategic portfolio management and covering all process, capability, and leadership aspects of strategic portfolio management. The book includes several detailed case studies for the effective deployment of strategic portfolios, bringing together theory and practice for strategic portfolio management. This book is particularly valuable for advanced undergraduate and postgraduate students of project and portfolio management, strategic management, and leadership who are looking to expand their knowledge within the multi-project environment. Highly practical and logical in its structure, it also shows project management professionals how to effectively manage their business portfolios and align this with their business strategy.
Assisting organizations in improving their project management processes, the Project Management Maturity Model defines the industry standard for measuring project management maturity.Project Management Maturity Model, Second Edition provides a roadmap showing organizations how to move to higher levels of organizational behavior, improving
Presenting an empirically grounded definition of project portfolio management effectiveness that can be applied to organizations of all kinds, this book identifies the five critical process, organizational, and human factors that impact project portfolio management effectiveness, and proposes common-sense criteria for effectively measuring it. --
The rules and practices for Scrum—a simple process for managing complex projects—are few, straightforward, and easy to learn. But Scrum’s simplicity itself—its lack of prescription—can be disarming, and new practitioners often find themselves reverting to old project management habits and tools and yielding lesser results. In this illuminating series of case studies, Scrum co-creator and evangelist Ken Schwaber identifies the real-world lessons—the successes and failures—culled from his years of experience coaching companies in agile project management. Through them, you’ll understand how to use Scrum to solve complex problems and drive better results—delivering more valuable software faster. Gain the foundation in Scrum theory—and practice—you need to: Rein in even the most complex, unwieldy projects Effectively manage unknown or changing product requirements Simplify the chain of command with self-managing development teams Receive clearer specifications—and feedback—from customers Greatly reduce project planning time and required tools Build—and release—products in 30-day cycles so clients get deliverables earlier Avoid missteps by regularly inspecting, reporting on, and fine-tuning projects Support multiple teams working on a large-scale project from many geographic locations Maximize return on investment!
Learn the fundamentals of SAP Enterprise Project and Portfolio management Project Systems (PS), Portfolio and Project Management (PPM) and Commercial Project Management (CPM) and their integration with other SAP modules. This book covers various business scenarios from different industries including the public sector, engineering and construction, professional services, telecom, mining, chemical, and pharmaceutical. Author Joseph Alexander Soosaimuthu will help you understand common business challenges and pain areas faced in portfolio, program and project management, and will provide suitable recommendations to overcome these challenges. This book not only suggests solutions within SAP, but also provides workarounds or integrations with third-party tools based on various Industry-specific business requirements. SAP Portfolio and Project Management addresses commonly asked questions regarding SAP EPPM implementation and deployment, and conveys a framework to facilitate engagement and discussion with key stakeholders. This provides coverage of SAP on-premise solutions with ECC 6.08 and SAP PPM 6.1 deployed on the same client, as well as S/4 HANA On-Premise 2020 with integration to BPC and BI/W systems. Interface with other third-party schedule management, estimation, costing and forecasting applications are also covered in this book. After completing SAP Portfolio and Project Management, you will be able to implement SAP Enterprise Portfolio and Project Management based on industry best practices. For your reference, you’ll also gain a list of development objects and a functionality list by Industry, and a Fiori apps list for Enterprise Portfolio and Project Management (EPPM). What You Will Learn Understand the fundamentals of project, program and portfolio management within SAP EPPM Master the art of project forecasting and scheduling integrations with other SAP modules Gain knowledge of the different interface options for scheduling, estimation, costing and forecasting third party applications Learn EPPM industry best practices, and how to address industry-specific business challenges Leverage operational and strategic reporting within EPPM Who This Book For Functional consultants and business analysts who are involved in SAP EPPM (PS, PPM and CPM) deployment and clients who are interested and are in the process of having SAP EPPM deployed for their Enterprise.
