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Portfolio Management – A Strategic Approach

BOOK REVIEW

pmwj32-Mar2015-Van-Nostrand-BOOKBook Title: Portfolio Management – A Strategic Approach
Authors: Dr. Ginger Levin, John Wyzalek
Publisher: Auerbach Publications (CRC Press)
List Price:   $69.95
Format: e-book, 358 pages
Publication Date:   2014
ISBN: 1482251043
Reviewer:      S. Lance Van Nostrand
Review Date:            02/2015

 


Introduction 

This book defines strategic portfolio management and its value to furthering business objectives and how it enhances an organization’s agility in responding to constantly changing market needs. It provides tools and techniques to use in the portfolio management team and an awareness of the critical success factors that must be addressed and measured to know that a portfolio management activity is adding value and maintaining management support necessary for its continued existence.

Overview of Book’s Structure

The book is a compilation of papers whose coverage falls into the topics of the 18 chapters. Stepping back a bit further I can generalize these chapters into 3 main areas: the underlying theory and advantages of portfolio management, Tools and techniques that have been used successfully, and managing organizational expectations and stakeholders to allow portfolio management to institutionalize and become an integral part of business operations.

At first I was concerned about the approach of assembling papers of others because writing styles can vary quite a bit, as well as the quality of the work. This can make reading a 358 page book more of a chore as the reader adjusts, however the authors have done well to select contributors that blend well and been able to adjust where necessary to maintain a relatively consistent delivery. There are times where concepts are repeated or issues solved in different ways but it’s very manageable as alternate approaches to solutions come from successful practitioners that have found their own ways to be successful.

Highlights

A few chapters provided me the most inspiration. Chapter 2 on Portfolio Selection and Termination provides guidance on identifying congruent work efforts and forming collections of projects, operations and support activities that become portfolios. Not all work need be part of a portfolio so a high degree of common strategic mission within the portfolio can be achieved.

More…

To read entire Book Review (click here)

About the Reviewer

pmwj32-Mar2015-Van-Nostrand-REVIEWERLance Van Nostrandflag-usa

Texas, USA

Lance Van Nostrand is the CTO of Immersive Media Company and leads projects, research and operations in a high tech environment of a small company. Prior work includes system engineering work across multiple facilities for Carestream Health and also the Kodak Research labs. He has experienced project and portfolio management activities in both small and large companies and understands the striking differences in the challenges that must be overcome to be successful.

Editor’s note: This book review was the result of a partnership between the publisher, PM World and the PMI Dallas Chapter. Authors and publishers provide the 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 Dallas Chapter members can keep the books as well as claim PDUs for PMP recertification when their reviews are published. 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].