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Enterprise Project Portfolio Management

BOOK REVIEW 

enterprise-project-profolio-managementBook Title:  Enterprise Project Portfolio Management

Authors:  Richard M. Bayney, Ph.D./Ram Chakravarti
Publisher:  J. Ross Publishing
List Price: US$69.95

Format:  Hardcover, 356 pages
Publication Date: 2012
ISBN: 978-1-60427-060-0

Reviewer: Johnny Gan, PMP

Review Date: January 2013
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Introduction to the Book

“To be successful, we need to do more with less”.

When you read this book titled, Enterprise Project Portfolio Management (EPPM), you may think it’s really big topic to discuss. Richard and Ram, the book authors have put forth a rational and systematic approach to make it simple from the deep content of this topic. A framework like “CREOPMTM”, which is described in much detail in this book, helps get the people side right by surfacing the best projects practically.

Whether you are running a business or a project, your simple goal is making value, or you say “Value Creation”, in a more popular term from business school. You always set up ongoing strategic and financial goals to make value, but you always find all these goals become harder and harder to accomplish under constrained resource conditions. Many times, you think you are lost, and don’t know where your organization is heading. Then I think it’s a good time to introduce portfolio management into your organization’s DNA, and this book is really a good introduction book you may like.

It is difficult to find an industry or organization that has not been impacted by the effects of globalization, mergers and acquisitions, restructuring, cost cutting, and change management. In the past few decades, many large companies are going downhill, not because they do not have any chance in their market, instead, they have too many opportunities to keep them distracted. Therefore how to build up effective EPPM system, how to find out the priority from these market opportunities, how to catch them to become your new value creation? All these questions will push you to read this book, and to find out the right answer from this book.

Overview of Book’s Structure

This book is organized into four sections with four accompanying appendices.

Section 1: Introduction to Enterprise Project Portfolio Management (EPPM)

This section introduces basic concepts of EPPM.

Section 2: Prerequisites for EPPM

In this section, you will learn some key concepts: like Strategic Planning, Decision Framing and Data Integrity. 

Section 3: CREOPMTM : A framework for EPPM

This section is core part of the whole book. It discussed how to do the best practice in Portfolio Management step by step: 

More…

To read entire Book Review (click here)

About the Reviewer

johnny ganflag-chinaJohnny Gan, PMP 

Johnny Gan has many years of software R&D experience at HRsmart.com (http://www.hrsmart.com/).  Mr. Gan received his MS degree from Southern Methodist University in Dallas, Texas, USA, and is also certified by the Project Management Institute as a Project management Professional (PMP®). Johnny can be contacted at [email protected] .

Editor’s note:  This book review was the result of cooperation between the publisher, PM World Inc and the Dallas Chapter of the Project Management Institute (www.pmidallas.org). Publishers provide books to PM World, books are delivered to the PMI Dallas Chapter where they are given to chapter members who commit to providing a book review in a standard format; the reviews are published in the PM World Journal and PM World Library.  Since PMI Dallas Chapter members are generally mid-career professionals, they represent the intended audience for most PM books.  If you are an author or publisher of a book related to program or project management, and would like the book reviewed through this program, please contact [email protected].