Project Portfolio Management
Recommended Reading

 
   

click on for a review of the book

  Portfolio Management for New Products
by Scott J. Edgett, Elko J. Kleinschmidt, Robert Gravlin Cooper
This book approaches PPM from the perspective of an engineering or New Product organization.  It stresses allocating funds by product line and evaluating projects based on revenue and ROI, both of which are luxuries that the average IT organization just doesn't have.  While the book certainly doesn't offer all the answers an organization would need to have in order to implement an effective PPM process it still offers a good overview on the topic.
  Project Portfolio Management: Selecting and Prioritizing Projects for Competitive Advantage
by Lowell D. Dye (Editor), James S. Pennypacker (Editor)

This book is a collection of papers on the topic of project portfolio management.  The book is broken into four sections, overview, selection and prioritization, tools, techniques and methods. and best practices and applications. I strongly recommend reading Timothy Luehrman's article on Strategy as a Portfolio of Real Options.  One of the portfolio factors we often see clients over look is that of timing.  Some projects need to be done now or there is no sense in doing them, some projects are essentially time neutral, while other projects should only be done after a specific future event has occurred.  Luehrman uses the investment concept of real options to clarify an often overlooked common sense approach.
 

 


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