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The AMA Handbook of Project Management, 3rd Edition by Jeannette CABANIS-BREWIN, Paul C. DINSMORE

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CHAPTER 23Project Portfolio Management: Principles and Best Practices

GERALD I. KENDALL, PMP, TOC INTERNATIONAL

Project Portfolio Management (PPM) is a set of processes to analyze, recommend, authorize, activate, accelerate, and monitor projects to meet organization improvement goals (see Figure 23-1). When performed successfully, PPM has yielded the following benefits:

• 20–30 percent improvement in time to market.1

• 25–300 percent improvement in number of projects completed with the same resources.2

• Average project duration cut by 25–50 percent.3

• Over 90 percent project success rate, with double the profit margin.4

• 50 percent improvement in R&D productivity.5

These achievements apply to government, not-for-profit, and for-profit entities. ...

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