Project Portfolio Management in Theory and Practice: Thirty Case Studies from around the World

This book provides techniques to assess the value of projects, prioritize projects, and decide which projects to implement and which to postpone, with thirty real-life project portfolio management case studies from various industries.

Format: Paperback / softback
Length: 316 pages
Publication date: 13 June 2022
Publisher: Taylor & Francis Ltd

Here is the rephrased text:
The challenges of implementing ideas within limited resources are a common lament among CEOs worldwide. This book offers a comprehensive solution to this predicament by presenting techniques for evaluating the worth of projects, prioritizing them effectively, and making informed decisions about which projects to pursue and which to postpone. Furthermore, it delves into various strategies for balancing project portfolios and explores diverse strategic alignment models. Accompanying the text are thirty real-life project portfolio management case studies drawn from the pharmaceutical, product development, financial, energy, telecommunications, not-for-profit, and professional services industries. These case studies provide practical insights and examples of successful project portfolio management practices. By leveraging the knowledge and strategies outlined in this book, CEOs and project managers can navigate the complexities of implementing ideas within resource constraints and achieve optimal project outcomes.

The Challenges of Implementing Ideas within Limited Resources:
CEOs worldwide often face the daunting challenge of implementing numerous ideas within limited resources. While there is a wealth of innovative ideas, the lack of sufficient resources to execute them effectively becomes a significant obstacle. This book aims to provide a comprehensive solution to this dilemma.

Evaluating Project Value:
One of the key techniques presented in the book is the process of evaluating the value of projects. It involves assessing the potential benefits, risks, and uncertainties associated with each project and determining its alignment with the organization's strategic goals. By using a systematic approach, CEOs can prioritize projects that have the highest potential impact and allocate resources accordingly.

Prioritizing Projects:
Prioritization is a crucial step in managing limited resources effectively. The book offers practical strategies for prioritizing projects based on various criteria, such as urgency, impact, risk, and resource availability. By identifying the projects that have the greatest potential to contribute to the organization's success, CEOs can allocate resources strategically and ensure that the most important initiatives are executed first.

Deciding Which Projects to Implement:
Making decisions about which projects to implement and which to postpone is a challenging task. The book provides guidance on how to evaluate the feasibility and viability of projects, considering factors such as market conditions, technological advancements, and resource constraints. It helps CEOs make informed decisions that balance the risks and rewards of different projects and ensure that the organization's resources are allocated efficiently.

Balancing Project Portfolios:
Balancing project portfolios is another critical aspect of effective project management. The book discusses various strategies for balancing project portfolios, including the use of portfolio management tools, such as the Critical Path Method (CPM) and Earned Value Management (EVM). It also explores different alignment models, such as portfolio, program, and project management, to ensure that projects are aligned with the organization's strategic objectives.

Real-Life Project Portfolio Management Case Studies:
To reinforce the practical application of the concepts discussed in the book, thirty real-life project portfolio management case studies are provided. These case studies cover a wide range of industries, including pharmaceutical, product development, financial, energy, telecommunications, not-for-profit, and professional services. Each case study presents a unique challenge and provides insights into successful project portfolio management practices.

Conclusion:
In conclusion, this book offers a valuable resource for CEOs and project managers seeking to implement ideas within limited resources. By providing techniques for evaluating project value, prioritizing projects effectively, deciding which projects to implement, and balancing project portfolios, it empowers organizations to maximize the return on their investment and achieve their strategic objectives. The real-life project portfolio management case studies provide practical examples and insights that can be applied to various industries and organizations.

Dimension: 234 x 156 (mm)
ISBN-13: 9781032339894