Project Portfolio Management in Theory and Practice: Thirty Case Studies from around the World (Best Practices in Portfolio, Program, and Project Management)

"Every CEO in the world, if questioned, will always complain that there are a lot of ideas to implement, but, unfortunately, insufficient resources to accomplish them. This book provides a solution to this dilemma by supplying techniques to assess the value of projects, prioritize projects, and decide which projects to implement and which to postpone. In addition, it describes various methods of balancing project portfolios and different strategic alignment models. The book provides thirty real-life project portfolio management case studies from pharmaceutical, product development, financial, energy, telecommunications, not-for-profit and professional services industries."--EBSCO "This book explains project portfolio management's theoretical framework for managing risk, maximizing resources and value, and ensuring strategic alignment. It also illustrates this theory with 30 case studies from a variety of industries across the globe. These case studies show how the three pillars of portfolio management project value, portfolio balance, and strategic alignment work together to maximize resource usage and overall portfolio value. The book concludes with a series of "lessons learned" that summarize the case studies to ensure that you and your organization realize the strategic benefits and value of project portfolio management." --Back cover How to Determine Project Value? -- Financial Models -- Scoring Models -- How to Balance Portfolios? -- What Is Strategic Alignment? -- Top-Down Approach -- Bottom-Up Approach -- Top-Down, Bottom-Up Approach -- How It All Works in Real Life -- Joker Project Concept -- Summary -- 3: Strategic Resource Estimation for Project Portfolios -- Introduction -- Improving Your Estimate Accuracy with Wideband Delphi and PERT -- Wideband Delphi -- Wideband Delphi "Light" -- Program Evaluation and Review Technique -- Other Things to Consider -- How to Improve Your Estimates? -- Common Estimation Oversights Sample Scenario Analysis -- Summary -- SECTION II: THE APPLICATION : INDUSTRY CASE STUDIES -- 4: Project Portfolio Management in the Pharmaceutical Industry -- Pharmaceutical Sector Overview -- Pharmaceutical Sector Case Studies -- Introduction -- European Pharmaceutical Company A -- Strategy -- The Scoring Model -- Portfolio Balance -- Strategic Alignment -- European Pharmaceutical Company B -- Strategy -- The Scoring Model -- Portfolio Balance -- Strategic Alignment -- European Pharmaceutical Company C -- Strategy -- The Scoring Model -- Portfolio Balance -- Strategic Alignment -- Summary Strategic Alignment -- Company E: Food Packaging Company -- Strategy -- Scoring Model -- Portfolio Balance -- Strategic Alignment -- Company F: Satellite Operator -- Strategy -- Scoring Model -- Portfolio Balance -- Strategic Alignment -- Company G: Clothing Manufacturer -- Strategy -- Scoring Model -- Portfolio Balance -- Strategic Alignment -- Summary -- 6: Project Portfolio Management in the Financial Industry -- Financial Sector Overview -- Financial Sector Case Studies -- Introduction -- Eastern European Bank A -- Strategy -- Scoring Model -- Portfolio Balance -- Strategic Alignment Cover -- Half Title -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- Preface: Why Another Book on Project Portfolio Management? -- About the Author -- SECTION I: THE THEORY -- 1: Introduction to Project Portfolio Management -- Historical Case Study: Ibaraki Airport -- Sounds Comparable to Your Company? -- PPM: A Quick Overview -- PPM Defined -- The Three Pillars of PPM -- What Happens without Project Portfolio and Proper Resourcing? -- What Is Happening in the Industry? -- Conclusions -- Summary -- 2: The Three Pillars of Project Portfolio Management -- Introduction 5: Project Portfolio Management in the Product Development Industry -- Product Development Sector Overview -- Product Development Sector Case Studies -- Introduction -- Company A: Bearings Manufacturer -- Strategy -- Scoring Model -- Portfolio Balance -- Strategic Alignment -- Company B: Software Producer -- Strategy -- Scoring Model -- Portfolio Balance -- Strategic Alignment -- Company C: Rail Transport Company -- Strategy -- Scoring Model -- Portfolio Balance -- Strategic Alignment -- Company D: Medical Equipment Manufacturer -- Strategy -- Scoring Model -- Portfolio Balance Section I. The theory -- Section II. The application : industry case studies -- Section III. Summarizing it all