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Organizational Project Portfolio Management – a Practitioner’s Guide

PM WORLD BOOK REVIEW

pmwj27-oct2014-Zorinsky-IMAGE1 BOOKBook Title: Organizational Project Portfolio Management – a Practitioner’s Guide
Author: Dr. Prasad S. Kodukula, PMP, PgMP
Publisher: J. Ross Publishing
List Price:   $49.95 US
Format: Hard Cover; 264 pages
Publication Date:  June 2014
ISBN: 978-1-932159-42-4
Reviewer:      Eldon J. Zorinsky, PMP
Review Date:            September 2014
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Introduction to the Book

Organizational Project Portfolio Management – A Practitioner’s Guide written by Dr. Prasad S. Kodukula, PMP, PgMP, offers a logical and straight-forward process-based methodology and tools that facilitate the design, creation, and management of balanced portfolios at any level of the enterprise. The techniques and tools described are very generic and, as such, are not limited to particular businesses or industries, the types of projects contained within the portfolio, or where the portfolio management group is positioned within the organizational or enterprise hierarchy.

Overview of Book’s Structure

The book’s 17 Chapters are organized into four main sections followed by appendices. Section 1 (Chapters 1 through 5) covers project portfolio basics that includes, among other things, portfolio definitions, distinctions between projects, programs and portfolios, and portfolio process models. This section also reviews how principles of financial portfolio management are relevant to managing project portfolios.

Section 2 (Chapters 6 through 10) describes project portfolio management methodology. The first chapter of this section introduces a four-phase approach to Project Portfolio Management (PPM), with the remaining four chapters focusing on each of those four phases which include: building the portfolio foundation; portfolio design; portfolio construction; and monitoring and controlling the portfolio.

Section 3 (Chapters 11 through 16) discusses project portfolio management tools and techniques including project financial evaluation, project prioritization, uncertainty and risk management, Earned Value Management (EVM) and resource planning. This section also includes a discussion of the Portfolio Management Office (PMO) along with a review of the current state of the practice, issues of scope, function, maturity and structure. It concludes with comments on the role of the PMO in PPM.

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About the Reviewer

eldon-zorinksyEldon J. Zorinsky, PMPflag-usa

Texas, USA

Eldon Zorinsky is an experienced technology executive, program director, certified Project Management Professional (PMP) and registered Professional Engineer in the State of Texas who specializes in leading culturally diverse, geographically dispersed teams of technical and business professionals in the definition, development and commercialization of new products and technologies.  He received his Doctor of Engineering degree in Electrical Engineering and Master of Science degree in Engineering Management from Southern Methodist University in Dallas, Texas. He also earned a Master of Science degree in Physics from the University of Missouri at Columbia, MO and a Bachelor of Science degree from Creighton University in Omaha, NE.  He holds numerous patents in the areas of semiconductor devices and device isolation and over the course of his career, has successfully lead product and technology development and commercialization efforts that generated combined revenue of nearly $1B. Eldon is an active member of the Dallas Chapter of PMI and is currently serving as a volunteer with the Chapter’s Professional Development Group.  He is also a member of IEEE, The Engineering Management Society, AAAS, and The American Vacuum Society. Email: [email protected] 

Editor’s note: This book review was the result of cooperation between the publisher, PM World and the Dallas Chapter of the Project Management Institute (PMI Dallas Chapter – www.pmidallas.org). Authors and publishers provide books to PM World; books are delivered to the PMI Dallas Chapter, where they are offered free to PMI members to review; book reviews are published in the PM World Journal and PM World Library. PMI members can keep the books as well as receive PDUs for PMP recertification when their book reviews are published. PMI Dallas Chapter members are generally mid-career professionals, the audience for most project management books. If you are an author or publisher of a project management-related book, and would like the book reviewed through this program, please contact [email protected].