The Standard for Portfolio Management

Project Management Institute | 2006 | ISBN: 1930699905 | Pages: 79 | PDF | 5.10 MB



“ The Standard for Portfolio Management addresses the need for a documented set of

processes that represent generally recognized good practices in the discipline of portfolio

management. The target audience for this standard includes: senior executives,

management staff in charge of organizational strategy, portfolio managers, members

of a strategic and/or portfolio management office, managers of program managers

and project managers, customers and other stakeholders, functional managers and

process owners with resources in a portfolio, educators, consultants, trainers and

researchers. It will also be of use to program managers, project managers and other

project team members, and members of a project or program management offices.

The standard is a companion for A Guide to the Project Management Body of Knowledge

(PMBOK Guide) – Third Edition and builds on work postulated in the Organizational

Project Management Maturity Model (OPM3), and provides a foundational reference

for anyone interested in portfolio management of projects and programs. While project

and program management have traditionally focused on ‘‘doing work right,’’ portfolio

management is concerned with ‘‘doing the right work.’’

Topics in this standard include:

● Streamlining operations through portfolio management;

● How portfolio management can improve the implementation and maintenance

of corporate governance initiatives;

● Portfolio management’s role within organizational structure and its relationship

to the organization’s strategy;

● Designing and implementing metrics to demonstrate and improve return on

investment; and

● Portfolio management reporting and how it can help make the most of an organization’s

programs and projects.




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