Enterprise Project Portfolio Management: Building Competencies for R&D and IT Investment Success

Author: Richard Bayney and Ram Chakravarti

ISBN: 978-1-60427-060-0

Buy this book at amazon.com

This unique guide and professional reference presents a structured framework for practitioners and students of project, program, and portfolio management to enhance their strategic and analytic capabilities in the evolving discipline of project portfolio management (PPM). It provides a practical, step-by-step approach to building competencies in categorizing, evaluating, optimizing, prioritizing, and managing an IT, pharmaceutical, biotech or other complex R&D-oriented portfolio of investments.

Key Features:

  • Contains a unique framework for building strategic and technical competencies in enterprise portfolio management, encompassing scenario analysis & strategic planning, project categorization, integrated evaluation, portfolio optimization, project prioritization and project and portfolio management
  • Outlines best practices for successfully implementing and practicing PPM in R&D and IT enterprises, including decision framing and data integrity, resource management, stakeholder management, project/program/portfolio management office, organizational barriers to success, and a seminal section on risk analysis and risk management
  • Supplies two comprehensive case studies that clearly demonstrate the application of quantitative and qualitative portfolio selection techniques in R&D and IT
  • Illustrates robust techniques such as integer linear programming, goal programming and multiple objective decision analysis and how they can be used to prioritize and optimize the value of a portfolio subject to budgetary and human resource constraints
  • Provides a multi-dimensional capability maturity model that will enable organizations to determine their maturity level across a broad spectrum of portfolio management competencies and how to utilize these techniques to guide optimal investment decisions across the enterprise
  • WAV offers (i) a slide presentation describing the utility of CREOPM™, a unique portfolio management process and methodology, (ii) an Excel analytical set-up template for the Innovations R Us Corporation case in Chapter 7 with instructions for portfolio optimization, and (iii) an Excel analytical set-up template for the Drugs R Us case in Appendix A, with instructions for decision analysis using TreePlan — available from the Web Added Value™ Download Resource Center at www.jrosspub.com


"Impartial observers from other planets would consider ours an utterly bizarre enclave if it were populated by birds, defined as flying animals, that nevertheless rarely or never actually flew. They would also be perplexed if they encountered in our seas, lakes, rivers and ponds, creatures defined as swimmers that never did any swimming. But they would be even more surprised to encounter a species defined as a thinking animal if, in fact, the creature very rarely indulged in actual thinking."

- Steve Allen