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The Standard for Portfolio Management — Third Edition

Book Description

Portfolio management is an integral part of the organization’s overall strategic plan. While project and program management focus on “doing the work right,” the purpose of portfolio management is “doing the right work.” The Standard for Portfolio Management — Third Edition offers the most up to date information regarding accepted practices in portfolio management

Table of Contents

  1. Cover Page
  2. Title Page
  3. Copyright Page
  4. Notice
  5. Table of Contents
  6. 1. Introduction
    1. 1.1 - Purpose of the Standard for Portfolio Management
      1. 1.1.1 - Audience for the Standard for Portfolio Management
    2. 1.2 - What is a Portfolio?
      1. 1.2.1 - Relationships Among Portfolios, Programs, and Projects
    3. 1.3 - What is Portfolio Management?
    4. 1.4 - Relationships Between Portfolio Management, Program Management, Project Management, and Organizational Project Management
    5. 1.5 - Portfolio Management and Organizational Strategy
    6. 1.6 - Business Value
    7. 1.7 - Portfolio Component Management Relationships
      1. 1.7.1 - Program Management
      2. 1.7.2 - Project Management
      3. 1.7.3 - Operations Management
    8. 1.8 - Role of the Portfolio Manager
      1. 1.8.1 - Knowledge and Skills
    9. 1.9. Role of the PMO in Portfolio Management
      1. 1.9.1 - Project, Program, or Portfolio Management Office
      2. 1.9.2 - Project Team
      3. 1.9.3 - Program Managers
      4. 1.9.4 - Project Managers
      5. 1.9.5 - Portfolio Governance
      6. 1.9.6 - Sponsors
    10. 1.10 - Portfolio Management Body of Knowledge
  7. 2. Portfolio Management Overview and Organization
    1. 2.1 - Portfolio Management and Organizational Strategy and Objectives
    2. 2.2 - Portfolio Management Process Implementation
      1. 2.2.1 - Assess the Current State of the Portfolio Management Process
      2. 2.2.2 - Define the Portfolio Management Vision and Plan
      3. 2.2.3 - Implement the Portfolio Management Processes
      4. 2.2.4 - Improve the Portfolio Management Processes
    3. 2.3 - Portfolio Management Process Cycle
    4. 2.4 - Portfolio Management Information System (PMIS)
    5. 2.5 - Portfolio Management Governance
    6. 2.6 - Portfolio Stakeholders
    7. 2.7 - Organizational Influences on Portfolio Management
      1. 2.7.1 - Organizational Maturity
      2. 2.7.2 - Organizational Impacts
  8. 3. Portfolio Management Process Groups
    1. 3.1 - Portfolio Management Process Groups
      1. 3.1.1 - Defining Process Group
      2. 3.1.2 - Aligning Process Group
      3. 3.1.3 - Authorizing and Controlling Process Group
    2. 3.2 - Portfolio Management Process Interactions
      1. 3.2.1 - Common Inputs and Outputs
        1. 3.2.1.1 - Portfolio Process Assets
        2. 3.2.1.2 - Portfolio Reports
        3. 3.2.1.3 - Organizational Process Assets
        4. 3.2.1.4 - Enterprise Environmental Factors
      2. 3.2.2 - Key Deliverables Across Portfolio Management Processes
  9. 4. Portfolio Strategic Management
    1. 4.1 - Develop Portfolio Strategic Plan
      1. 4.1.1 - Develop Portfolio Strategic Plan: Inputs
        1. 4.1.1.1 - Organizational Strategy and Objectives
        2. 4.1.1.2 - Inventory of Work
        3. 4.1.1.3 - Portfolio Process Assets
        4. 4.1.1.4 - Organizational Process Assets
        5. 4.1.1.5 - Enterprise Environmental Factors
      2. 4.1.2 - Develop Portfolio Strategic Plan: Tools and Techniques
        1. 4.1.2.1 - Portfolio Component Inventory
        2. 4.1.2.2 - Strategic Alignment Analysis
        3. 4.1.2.3 - Prioritization Analysis
      3. 4.1.3 - Develop Portfolio Strategic Plan: Outputs
        1. 4.1.3.1 - Portfolio Strategic Plan
        2. 4.1.3.2 - Portfolio
    2. 4.2 - Develop Portfolio Charter
      1. 4.2.1 - Develop Portfolio Charter: Inputs
        1. 4.2.1.1 - Portfolio Strategic Plan
        2. 4.2.1.2 - Portfolio Process Assets
        3. 4.2.1.3 - Enterprise Environmental Factors
      2. 4.2.2 - Develop Portfolio Charter: Tools and Techniques
        1. 4.2.2.1 - Scenario Analysis
        2. 4.2.2.2 - Capability and Capacity Analysis
      3. 4.2.3 - Develop Portfolio Charter: Outputs
        1. 4.2.3.1 - Portfolio Strategic Plan Updates
        2. 4.2.3.2 - Portfolio Charter
        3. 4.2.3.3 - Portfolio Process Asset Updates
    3. 4.3 - Define Portfolio Roadmap
      1. 4.3.1 - Define Portfolio Roadmap: Inputs
        1. 4.3.1.1 - Portfolio Strategic Plan
        2. 4.3.1.2 - Portfolio Charter
        3. 4.3.1.3 - Portfolio
      2. 4.3.2 - Define Portfolio Roadmap: Tools and Techniques
        1. 4.3.2.1 - Interdependency Analysis
        2. 4.3.2.2 - Cost-Benefit Analysis
        3. 4.3.2.3 - Prioritization Analysis
      3. 4.3.3 - Define Portfolio Roadmap: Outputs
        1. 4.3.3.1 - Portfolio Roadmap
    4. 4.4 - Manage Strategic Change
      1. 4.4.1 - Manage Strategic Change: Inputs
        1. 4.4.1.1 - Portfolio Strategic Plan
        2. 4.4.1.2 - Portfolio Charter
        3. 4.4.1.3 - Portfolio
        4. 4.4.1.4 - Portfolio Roadmap
        5. 4.4.1.5 - Portfolio Management Plan
        6. 4.4.1.6 - Portfolio Process Assets
      2. 4.4.2 - Manage Strategic Change: Tools and Techniques
        1. 4.4.2.1 - Stakeholder Analysis
        2. 4.4.2.2 - Gap Analysis
        3. 4.4.2.3 - Readiness Assessment
      3. 4.4.3 - Manage Strategic Change: Outputs
        1. 4.4.3.1 - Portfolio Strategic Plan Updates
        2. 4.4.3.2 - Portfolio Charter Updates
        3. 4.4.3.3 - Portfolio Updates
        4. 4.4.3.4 - Portfolio Roadmap Updates
        5. 4.4.3.5 - Portfolio Management Plan Updates
        6. 4.4.3.6 - Portfolio Process Assets Updates
  10. 5. Portfolio Governance Management
    1. 5.1 - Develop Portfolio Management Plan
      1. 5.1.1 - Develop Portfolio Management Plan: Inputs
        1. 5.1.1.1 - Portfolio Strategic Plan
        2. 5.1.1.2 - Portfolio Charter
        3. 5.1.1.3 - Portfolio Roadmap
        4. 5.1.1.4 - Portfolio Process Assets
        5. 5.1.1.5 - Organizational Process Assets
        6. 5.1.1.6 - Enterprise Environmental Factors
      2. 5.1.2 - Develop Portfolio Management Plan: Tools and Techniques
        1. 5.1.2.1 - Elicitation Techniques
        2. 5.1.2.2 - Portfolio Organizational Structure Analysis
        3. 5.1.2.3 - Integration of Portfolio Management Plans
      3. 5.1.3 - Develop Portfolio Management Plan: Outputs
        1. 5.1.3.1 - Portfolio Strategic Plan Updates
        2. 5.1.3.2 - Portfolio Management Plan
        3. 5.1.3.3 - Portfolio Process Assets Updates
    2. 5.2 - Define Portfolio
      1. 5.2.1 - Define Portfolio: Inputs
        1. 5.2.1.1 - Portfolio Strategic Plan
        2. 5.2.1.2 - Portfolio Charter
        3. 5.2.1.3 - Portfolio
        4. 5.2.1.4 - Portfolio Roadmap
        5. 5.2.1.5 - Portfolio Management Plan
        6. 5.2.1.6 - Portfolio Process Assets
      2. 5.2.2 - Define Portfolio: Tools and Techniques
        1. 5.2.2.1 - Portfolio Component Inventory
        2. 5.2.2.2 - Portfolio Component Categorization Techniques
        3. 5.2.2.3 - Weighted Ranking and Scoring Techniques
      3. 5.2.3 - Define Portfolio: Outputs
        1. 5.2.3.1 - Portfolio Updates
        2. 5.2.3.2 - Portfolio Roadmap Updates
        3. 5.2.3.3 - Portfolio Management Plan Updates
    3. 5.3 - Optimize Portfolio
      1. 5.3.1 - Optimize Portfolio: Inputs
        1. 5.3.1.1 - Portfolio
        2. 5.3.1.2 - Portfolio Roadmap
        3. 5.3.1.3 - Portfolio Management Plan
        4. 5.3.1.4 - Portfolio Reports
        5. 5.3.1.5 - Portfolio Process Assets
      2. 5.3.2 - Optimize Portfolio: Tools and Techniques
        1. 5.3.2.1 - Capability and Capacity Analysis
        2. 5.3.2.2 - Weighted Ranking and Scoring Techniques
        3. 5.3.2.3 - Quantitative and Qualitative Analyses
        4. 5.3.2.4 - Graphical Analytical Methods
      3. 5.3.3 - Optimize Portfolio: Outputs
        1. 5.3.3.1 - Portfolio Updates
        2. 5.3.3.2 - Portfolio Roadmap Updates
        3. 5.3.3.3 - Portfolio Management Plan Updates
        4. 5.3.3.4 - Portfolio Reports
        5. 5.3.3.5 - Portfolio Process Asset Updates
    4. 5.4 - Authorize Portfolio
      1. 5.4.1 - Authorize Portfolio: Inputs
        1. 5.4.1.1 - Portfolio
        2. 5.4.1.2 - Portfolio Management Plan
        3. 5.4.1.3 - Portfolio Reports
      2. 5.4.2 - Authorize Portfolio: Tools and Techniques
        1. 5.4.2.1 - Portfolio Authorization Technique
        2. 5.4.2.2 - Portfolio Management Information System
      3. 5.4.3 - Authorize Portfolio: Outputs
        1. 5.4.3.1 - Portfolio Updates
        2. 5.4.3.2 - Portfolio Management Plan Updates
        3. 5.4.3.3 - Portfolio Reports
        4. 5.4.3.4 - Portfolio Process Asset Updates
    5. 5.5 - Provide Portfolio Oversight
      1. 5.5.1 - Provide Portfolio Oversight: Inputs
        1. 5.5.1.1 - Portfolio
        2. 5.5.1.2 - Portfolio Roadmap
        3. 5.5.1.3 - Portfolio Management Plan
        4. 5.5.1.4 - Portfolio Reports
        5. 5.5.1.5 - Portfolio Process Assets
      2. 5.5.2 - Provide Portfolio Oversight: Tools and Techniques
        1. 5.5.2.1 - Portfolio Review Meetings
        2. 5.5.2.2 - Elicitation Techniques
      3. 5.5.3 - Provide Portfolio Oversight: Outputs
        1. 5.5.3.1 - Portfolio Updates
        2. 5.5.3.2 - Portfolio Management Plan Updates
        3. 5.5.3.3 - Portfolio Reports
        4. 5.5.3.4 - Portfolio Process Assets Updates
  11. 6. Portfolio Performance Management
    1. 6.1 - Develop Portfolio Performance Management Plan
      1. 6.1.1 - Develop Portfolio Performance Management Plan: Inputs
        1. 6.1.1.1 - Portfolio Management Plan
        2. 6.1.1.2 - Portfolio Process Assets
        3. 6.1.1.3 - Organizational Process Assets
        4. 6.1.1.4 - Enterprise Environmental Factors
      2. 6.1.2 - Develop Portfolio Performance Management Plan: Tools and Techniques
        1. 6.1.2.1 - Elicitation Techniques
        2. 6.1.2.2 - Portfolio Management Information System
        3. 6.1.2.4 - Capability and Capacity Analysis
      3. 6.1.3 - Develop Portfolio Performance Management Plan: Outputs
        1. 6.1.3.1 - Portfolio Management Plan Updates
        2. 6.1.3.2 - Portfolio Process Assets Updates
    2. 6.2 - Manage Supply and Demand
      1. 6.2.1 - Manage Supply and Demand: Inputs
        1. 6.2.1.1 - Portfolio
        2. 6.2.1.2 - Portfolio Management Plan
          1. 6.2.1.3 - Portfolio Reports
        3. 6.2.2 - Manage Supply and Demand: Tools and Techniques
          1. 6.2.2.1 - Scenario Analysis
          2. 6.2.2.2 - Quantitative and Qualitative Analysis
          3. 6.2.2.3 - Capability and Capacity Analysis
        4. 6.2.3 - Manage Supply and Demand: Outputs
          1. 6.2.3.1 - Portfolio Updates
          2. 6.2.3.2 - Portfolio Management Plan Updates
          3. 6.2.3.3 - Portfolio Reports
      2. 6.3 - Manage Portfolio Value
        1. 6.3.1 - Manage Portfolio Value: Inputs
          1. 6.3.1.1 - Portfolio Roadmap
          2. 6.3.1.2 - Portfolio Management Plan
          3. 6.3.1.3 - Portfolio Reports
        2. 6.3.2 - Manage Portfolio Value: Tools and Techniques
          1. 6.3.2.1 - Elicitation Techniques
          2. 6.3.2.2 - Value Scoring and Measurement Analysis
          3. 6.3.2.3 - Benefits-Realization Analysis
        3. 6.3.3 - Manage Portfolio Value: Outputs
          1. 6.3.3.1 - Portfolio Management Plan Updates
          2. 6.3.3.2 - Portfolio Reports
          3. 6.3.3.3 - Portfolio Process Assets Updates
  12. 7. Portfolio Communication Management
    1. 7.1 - Develop Portfolio Communication Management Plan
      1. 7.1.1 - Develop Portfolio Communication Management Plan: Inputs
        1. 7.1.1.1 - Portfolio
        2. 7.1.1.2 - Portfolio Roadmap
        3. 7.1.1.3 - Portfolio Management Plan
        4. 7.1.1.4 - Portfolio Reports
        5. 7.1.1.5 - Portfolio Process Assets
      2. 7.1.2 - Develop Portfolio Communication Management Plan: Tools and Techniques
        1. 7.1.2.1 - Stakeholder Analysis
        2. 7.1.2.2 - Elicitation Techniques
        3. 7.1.2.3 - Communication Requirements Analysis
      3. 7.1.3 - Develop Portfolio Communication Management Plan: Outputs
        1. 7.1.3.1 - Portfolio Management Plan Updates
        2. 7.1.3.2 - Portfolio Process Assets Updates
    2. 7.2 - Manage Portfolio Information
      1. 7.2.1 - Manage Portfolio Information: Inputs
        1. 7.2.1.1 - Portfolio
        2. 7.2.1.2 - Portfolio Management Plan
        3. 7.2.1.3 - Portfolio Reports
        4. 7.2.1.4 - Portfolio Component Reports
        5. 7.2.1.5 - Portfolio Process Assets
      2. 7.2.2 - Manage Portfolio Information: Tools and Techniques
        1. 7.2.2.1 - Elicitation Techniques
        2. 7.2.2.2 - Portfolio Management Information System
        3. 7.2.2.3 - Communication Requirements Analysis
        4. 7.2.2.4 - Communication Methods
      3. 7.2.3 - Manage Portfolio Information: Outputs
        1. 7.2.3.1 - Portfolio Management Plan Updates
        2. 7.2.3.2 - Portfolio Reports
        3. 7.2.3.3 - Portfolio Process Assets Updates
  13. 8. Portfolio Risk Management
    1. 8.1 - Develop Portfolio Risk Management Plan
      1. 8.1.1 - Develop Portfolio Risk Management Plan: Inputs
        1. 8.1.1.1 - Portfolio Management Plan Updates
        2. 8.1.1.2 - Portfolio Process Assets
        3. 8.1.1.3 - Organizational Process Assets
        4. 8.1.1.4 - Enterprise Environmental Factors
      2. 8.1.2 - Develop Portfolio Risk Management Plan: Tools and Techniques
        1. 8.1.2.1 - Weighted Rankings and Scoring Techniques
        2. 8.1.2.2 - Graphical Analytical Methods
        3. 8.1.2.3 - Quantitative and Qualitative Analysis
      3. 8.1.3 - Develop Portfolio Risk Management Plan: Outputs
        1. 8.1.3.1 - Portfolio Management Plan Updates
        2. 8.1.3.2 - Portfolio Process Assets Updates
        3. 8.1.3.3 - Organizational Process Assets Updates
    2. 8.2 - Manage Portfolio Risks
      1. 8.2.1 - Manage Portfolio Risks: Inputs
        1. 8.2.1.1 - Portfolio
        2. 8.2.1.2 - Portfolio Management Plan
        3. 8.2.1.3 - Portfolio Reports
        4. 8.2.1.4 - Portfolio Process Assets
        5. 8.2.1.5 - Organizational Process Assets
        6. 8.2.1.6 - Enterprise Environmental Factors
      2. 8.2.2 - Manage Portfolio Risks: Tools and Techniques
        1. 8.2.2.1 - Weighted Ranking and Scoring Techniques
        2. 8.2.2.2 - Quantitative and Qualitative Analysis
      3. 8.2.3 - Manage Portfolio Risks: Outputs
        1. 8.2.3.1 - Portfolio Management Plan Updates
        2. 8.2.3.2 - Portfolio Reports
        3. 8.2.3.3 - Portfolio Process Asset Updates
        4. 8.2.3.4 - Organizational Process Asset Updates
  14. Annex A1
  15. Appendix X1
  16. Appendix X2
  17. References
  18. Glossary
  19. Index