SPONSORS

SPONSORS

Organizational Project Portfolio Management

BOOK REVIEW

pmwj29-dec2014-Morlan-BOOK COVERBook Title: Organizational Project Portfolio Management
Author: Dr. Prasad S. Kodukula, PMP, PgMP
Publisher: J. Ross
List Price:   US$ 53.95
Format: hard cover; 299 pages
Publication Date:   2014
ISBN: 9781932159424
Reviewer:      Conrado Morlan
Review Date:            11/2014
________________________________________________________________________

Introduction to the Book

Organizational project management is the systematic management of projects, programs, and portfolios in alignment with the achievement of strategic goals. The concept of organizational project management is based on the idea that there is a correlation between an organization’s capabilities in project management, program management, and portfolio management, and the organization’s effectiveness in implementing strategy.

As many organizations are implementing organizational project management there is a need for project portfolio management professionals to set and execute project portfolios to contribute in the achievement of strategic goals. This book is a must read for project portfolio managers.

Overview of Book’s Structure

The book is organized in four sections and seventeen chapters. Section one covers the project portfolio basics starting with project portfolio definition and answering questions about how an organization benefits from portfolio management, who needs it and what is the status of portfolio management today. It also introduces the Portfolio Model: Funnel and FiltersSM . The funnel represents the portfolio containing the project candidates, projects and the products and services created by the projects. Filters are the decision checkpoints for go/no-go decisions related to the fate of the project candidates and projects.

Section two discusses the project portfolio management methodology for designing, building and managing a balanced portfolio. It discusses the four phases of portfolio methodology: build foundation, design portfolio, construct portfolio, and monitor and control portfolio. The first two phases include the planning processes and the last two are about building and maintaining the portfolio.

Section three describes different project portfolio management tools and techniques and discusses evaluation of projects for both financial and non-financial benefits. The reader will be introduced to financial metrics, scoring models and project ranking techniques as well as uncertainty and risk. One entire chapter is dedicated to earned value management (EVM). 

More…

To read entire Book Review (click here)

About the Reviewer 

conrado-morlanConrado Morlanflag-usa

Texas, USA

Conrado Morlan PfMP, PgMP, PMP is an experienced global portfolio, program and project manager with more than 20 years of experience in aligning projects with organizational strategy for multinational companies and leading virtual and collocated multicultural and multigenerational teams in North America, Mexico, South America and Europe. Mr. Morlan’s experience spans the Information Technology, Retail, Logistics, Transportation, Finance and Telecommunication industries. He has a wide breadth of knowledge in organizational project management.

Mr. Morlan was one of the first 150 individuals to achieve the PfMP credential worldwide and was the recipient of the PMI 2011 Distinguished Contribution Award for his activities and influence in championing project management to Spanish-speaking practitioners and organizations. Mr. Morlan was a member of the core team responsible for developing PMI’s Implementing Organizational Project Management: A Practice Guide published in 2014.

Mr. Morlan has spoken at several conferences in USA, Mexico and Central America and is a frequent collaborator with Voices on Project Management, PMI official blog.

You can reach Mr. Morlan at mailto:[email protected]?subject=Book%20Review:%20Customer-Centric%20Project%20Management or you can follow him @thesmartpms

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 – http://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].