Showing posts with label PPM. Show all posts
Showing posts with label PPM. Show all posts

Saturday, 6 August 2016

Portfolio Management - Review 2 (PMI's The Standard for Portfolio Management)

In previous posts I considered:
This is the final post in this series on Portfolio Management. It will contain the review of the Project Management Institute's(PMI) Portfolio Management Standard, and I will provide some links to references and research papers I have found useful in developing my understanding.

I have an admission (if it is really that), I was a member on the PPMS core team that developed the first PMI Portfolio Management Standard 2005-2006. You will find my name on page 167 Section X2.9.1 in Appendix 2. The same core team also worked on the 1st edition of the Program Management Standard.


The third edition of the Standard for Portfolio Management has developed considerably from those early days. The first edition had three chapters 

If you care to look at Appendix X2 you will find some of the reviewers for this edition were involved in building the first edition so there is continuity of thought and ideas.

This post will examine the PMI Standard for Portfolio Management and how it can aid organizations in adopting Portfolio Management as part of their strategic delivery process.

Note all figures and images in this post are copyright of the Project Management Institute. 


Tuesday, 28 June 2016

What is this thing called Portfolio Management?

In May's blog we explored the meaning of project success and it was clear that project management is focused on doing the project right, with a wider view of success identifying the need to deliver on more than the key constraints of time, budget and scope.

Over the next few weeks I will explore Portfolio Management which is predominately about choosing the right projects that are aligned to the organization's strategy.

For those who wish to research deeper the sources for this series are:

  • The Wiley Guide to Project, Program and Portfolio Management
  • Management of Portfolios - Published by Axelos in the UK
  • The Standard of Portfolio Management (Third edition) - published by PMI