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Mastering Project, Program, and Portfolio Management: Models for Structuring and Executing the Project Hierarchy

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Mastering Project, Program, and Portfolio Management: Models for Structuring and Executing the Project Hierarchy

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  • Copyright 2015
  • Dimensions: 6" x 9"
  • Edition: 1st
  • eBook (Watermarked)
  • ISBN-10: 0-13-384015-8
  • ISBN-13: 978-0-13-384015-5

Learn powerful techniques for successfully managing modern projects, programs, and portfolios in any environment, no matter how complex. Mastering Project, Program, and Portfolio Management addresses several make-or-break issues associated with successful project management: organizational structure, linkages between project management and operations, and definitions and interrelationships amongst projects, programs and portfolios. Unlike other books, which address these issues only in passing, this book drills down to offer practical, real-world concepts, in-the-trenches insights, and proven applications. You'll learn how to:

  • Plan projects and strategies to reflect your organization's needs and structures
  • Develop and implement a successful Project Management Office (PMO)
  • Organize projects, programs, and portfolios
  • Systematically maximize the business value of project management

This book is part of a new series of six cutting-edge project management guides for both working practitioners and students. Like all books in this series, it offers deep practical insight into the successful design, management, and control of complex modern projects. Using real case studies and proven applications, expert authors show how multiple functions and disciplines can and must be integrated to achieve a successful outcome. Individually, these books focus on realistic, actionable solutions, not theory. Together, they provide comprehensive guidance for working project managers at all levels, as well as indispensable knowledge for anyone pursuing PMI/PMBOK certification or other accreditation in the field.

Sample Content

Table of Contents

Preface    xvi

Chapter 1: Project Management Roots and Understanding the PMBOK Guide    1

Introduction    1

Learning Objectives    2

Why Are Projects Important?    3

Common Causes of Project Failure    4

Who Are Project Managers?    6

Project Management Roots    8

Key Concepts of Project Management    9

The PMBOK Guide—the Standard    9

The PMBOK Guide’s 5 Project Management Process Groups    11

The PMBOK Guide’s 10 Knowledge Areas    12

The PMBOK Guide’s 47 Project Management Processes (in Process Group then Knowledge Area Order)    12

How to Use the PMBOK Guide    15

Where the Activity Occurs    18

Project Management Issues Not Addressed by the PMBOK Guide    23

Emerging Issues Likely to Be Addressed in Future Editions    26

Common Project Management Methodologies    27

Summary    35

Key Terms You Should Know    35

Discussion Questions    36

Exercises    38

Final Points    38

Chapter 2: What Is a Project?    41

Introduction    41

Learning Objectives    42

PMBOK Guide Concepts Covered in this Chapter    42

What Projects Are Not    42

What Are Projects?    43

The Project Triangle    47

Projects Often Present Special Challenges and Opportunities    48

What Are Ongoing Operations?    49

Where Do Projects Come From?    50

There Are Valuable Lessons in Project Management History    50

How Projects Differ from Programs and Portfolios    50

The Manager    51

PMI Certifications    52

Summary    57

Processes and Procedures    58

Key Terms You Should Know    59

Discussion Questions    60

Exercises    64

Final Points    65

Chapter 3: Operations Management and Project Management    67

Introduction    67

Learning Objectives    67

What Is Operations Management    68

What Are Goods and Services?    70

Where Operations Management and Project Management Differ    75

What the PMBOK Guide Says About Operations Management    75

The History of Operations Management    77

The Industrial Revolution    78

The Scientific Management Era    79

Summary    81

Key Terms You Should Know    82

Discussion Questions    82

Exercise    83

Final Points    83

Chapter 4: Organizational Influences    85

Introduction    85

Learning Objectives    86

Charting the Organizational Influences and Culture    86

Where Projects Fit in the Organization    88

Organizations Shape the Projects—and Vice Versa    89

Culture and Style also Shape Projects    90

Organizations    91

Organizational Communications    93

Organizational Structure Also Has an Impact    93

Summary    94

Key Terms / Review    94

Discussion Questions    95

Exercise    96

Chapter 5: Project Management    97

Introduction    97

Learning Objectives    99

Start Simply    100

Add as Required    100

Larger Projects    101

I Was There    102

Chaos Reigns    102

My Projects and Project Management Office    104

Choosing Wisely    105

The Differences    108

The Need    108

The Commonalities    110

Change    111

The Environment    111

The Challenges of Project Management    112

Project Management Skills    113

Project Success    117

Project Management Functions    118

Initiate, Define, Start    119

Summary    127

Key Terms / Review    128

Discussion Questions    128

Exercises    130

Chapter 6: Program Management    131

Introduction    131

Learning Objectives    131

A Program    132

Everyone Has    133

My Programs    133

Not Just Bigger and More    134

Programs Are Large    135

Key Differences in Job Focus    137

Summary    137

Discussion Questions    138

Final Points    138

Key Terms You Should Know    139

Exercise    139

Chapter 7: Portfolio Management    141

Introduction    141

Learning Objectives    141

If It Works    142

Portfolios Consist of Projects    142

Project Portfolio Flow    143

Visual Portfolio    145

Start Simply—But Start    147

Summary    148

Discussion Questions    149

Exercise    149

Chapter 8: The Project Management Office    151

Introduction    151

Learning Objectives    151

Tipping Point    152

What Is a PMO?    152

What’s Changing with PMOs?    154

Accidents    155

ARMIS    156

Structure? Or No Structure?    158

What a PMO Might Look Like    159

A Portfolio of Projects    162

Dance with the One Who Brought You    162

The PMBOK Guide on PMOs    163

Summary    164

Key Terms You Should Know    164

Discussion Questions    165

Exercises    165

Final Points    166

Appendix A: Knowledge Area from the PMBOK Guide    167

Appendix B: Project Management Institute: Code of Ethics and Professional Conduct    175

Index    185


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