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Organizational Project Portfolio Management: A Practitioner’s Guide, by Prasad Kodukula
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Organizational Project Portfolio Management offers a generic, practical methodology and tool kit to design, build, and manage a balanced portfolio containing any type of projects, irrespective of industry, and at any level of an organization, whether profit-based, non-profit, or government.
Key Features:
--Illustrates how to initiate, analyze, prioritize, select, and terminate or complete projects effectively under the purview of a portfolio
--Presents a model, methodology, and tools for creating and managing a balanced portfolio
--Shows how to allocate the right resources to the right projects at the right time
--Defines risk and uncertainty and presents tools to understand and quantify them
--Explains how to utilize key metrics to monitor and manage portfolio performance
--Describes the role of the PMO in maximizing portfolio effectiveness
--Demonstrates how to apply the methods and tools presented through case study exercises and examples
--WAV offers downloadable charts for managing resources, discounted cash flow and Monte Carlo simulation spreadsheets, and worksheets for portfolio and project case examples in the book -- available from the Web Added Value Download Resource Center at jrosspub.com
- Sales Rank: #706151 in Books
- Published on: 2014-06-11
- Original language: English
- Number of items: 1
- Dimensions: 9.25" h x .85" w x 6.37" l, 1.27 pounds
- Binding: Hardcover
- 328 pages
Review
If you are just beginning the process of portfolio management, or need to fix the way you are currently doing it, this pragmatic guide will help you on your journey. Dr. Kodukula has written a highly readable and actionable work on how to implement portfolio management in any organization. --J. LeRoy Ward, PMP, PgMP, PfMP, CSM, President, Ward Associates
Dr. Kodukula has created for portfolio managers and project management offices a reference that offers a concise methodology and myriad of tools for managing the complex world of portfolio management. Organizational Project Portfolio Management is a useful addition to the personal libraries of all those seeking to better understand this emerging business process. --Todd Beard, PMO Leader, Dow Chemical
Overall, I was very impressed with the breadth, depth, and simplicity of this book. Organizational Project Portfolio Management by Dr. Prasad Kodukula is a compelling recipe for creating, organizing, and executing a portfolio management process. The author explains the principles of a PMO and demonstrates how to avoid pitfalls and optimize value. For me, the book is a quick reference for answering any question that I did or could have had while leading the implementation of a PMO and PM discipline into an entrepreneurial culture. With this book, all project management practitioners now have a one-stop, go-to guide that they can refer to. It is a must read! --Brent Lalomia, Senior Director, PMO & Business Process Improvement, Stryker
About the Author
Dr. Prasad S. Kodukula, PMP, PgMP, is a speaker, coach, author, and inventor with more than 25 years of professional experience. Prasad has spoken in 40 countries on project management related topics. He has trained or coached thousands of project management professionals at 40 Fortune 100 companies (e.g., Abbott, Boeing, Chrysler, Dow, ExxonMobil, Kraft Foods, IBM, JPMorgan Chase, Motorola, Sprint), the World Bank, the United Nations, and the U.S. government. He is co-founder and CEO of two companies: Kodukula & Associates, Inc. (kodukula.com), a project management speaking and coaching company; and Neochloris, Inc. (neochloris.com), a clean tech company specializing in carbon mitigation technologies. Prasad holds degrees from the Illinois Institute of Technology, Cornell University, and Rutgers University. He was recognized by the Project Management Institute as "Best of the Best in Project Management" with 2010 PMI Distinguished Contribution Award. He also received prestigious awards from the USEPA and the States of Kansas and Illinois for outstanding achievements in education, training, and technology innovation. Prasad is a co-author or contributing author of eight books and more than 40 articles.
Most helpful customer reviews
3 of 3 people found the following review helpful.
Finally, a book that tells the whole story
By Kasu Sista
As the CIO for a data analytics company, I have a finite budget and too many projects. It is always a struggle to decide on priorities and commit dollars and resources.
Dr. Kodukula's book goes a long way towards defining the terms (project, program and portfolio) and giving a practical methodology towards defining and managing a project portfolio. The funnel and filters portfolio model gives a new perspective on the project life cycle. The book is very well organized to lead a practitioner through the various stages of Designing, constructing, monitoring and controlling project portfolios. My PM's would be very glad for the guidance and the tools that the book provides.
From my perspective, section 3 is especially valuable. With constantly changing priorities, the tools provided here will help me and my team to prioritize and re-prioritize as needed. I use many financial management tools for managing various projects (technology or otherwise). Dr. Kodukula brings some of these tools to the portfolio level. I am sure I will be using many of these tools in my own financial models. The case study at the end of the book brings all the concepts together in a concrete example, which would be very helpful to project and portfolio managers alike.
Overall, the book is written with a clarity of purpose and style that is informative and practical. I highly recommend it.
2 of 2 people found the following review helpful.
Excellent tools and frameworks for implementing PPM practices
By Steve P.
The book is extremely well-organized and easy to follow. Although many of the examples were based on other industries, I found them relatable to my own experiences. To me, that speaks to the flexibility and adaptability of the tools to multiple industries and organizational structures. I run the PMO for a large medical device company and initiated the creation and implementation of a PPM methodology roughly 2 years ago. I found that many of the lessons we learned along the way were presented as best practices in this book. I highly recommend the implementation of a PPM framework as it has certainly helped us “right-size” our program portfolio as well as the scope of the programs within that portfolio. Developing good PPM practices is invaluable to any organization. Having this book as a guide when we started would have definitely saved us some time and heartache!
0 of 0 people found the following review helpful.
Easy to Read Book on Project / Portfolio Management
By James Pencek
Earlier this year I took a Risk Management course taught by Dr. Kodukula. During the class he mentioned many different Project Portfolio Management topics that related to the risk topics he was presenting. So when his book on Organizational Project Portfolio Management came available I picked it up right away. I was hoping for a similar training style to his in class training and was not disappointed. The book is set up into four organized easy to read sections on Project Portfolio Management Basics, Methodology, Tools & Techniques and Case Studies & Exercises. The methodology can be applied to any industry and the case studies are very practical. I was particularly interested in the chapter on Resource Management as I have been dealing with that in my current position in New Product Development. We are always looking for better ways to handle resources and the section provided some great material on the topic as well as useful templates. Overall I give this book 5 Stars and recommend it to anyone in the Project / Portfolio Management Role.
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