Transcription
THE STANDARD FORPORTFOLIOMANAGEMENTFOURTH EDITIONANSI/ PMI 08-003-2017
The Standard forPORTFOLIO MANAGEMENTFourth Edition
Library of Congress Cataloging-in-Publication Data has been applied for.ISBN: 978-162825-197-5Published by:Project Management Institute, Inc.14 Campus BoulevardNewtown Square, Pennsylvania 19073-3299 USAPhone: 610 356 4600Fax: 610 356 4647Email: customercare@pmi.orgWebsite: www.PMI.org 2017 Project Management Institute, Inc. All rights reserved.Project Management Institute, Inc. content is copyright protected by U.S. intellectual property law that is recognizedby most countries. To republish or reproduce PMI’s content, you must obtain our permission. Please go tohttp://www.pmi.org/permissions for details.To place a Trade Order or for pricing information, please contact Independent Publishers Group:Independent Publishers GroupOrder Department814 North Franklin StreetChicago, IL 60610 USAPhone: 1 800 888 4741Fax: 312 337 5985Email: orders@ipgbook.com (For orders only)For all other inquiries, please contact the PMI Book Service Center.PMI Book Service CenterP.O. Box 932683, Atlanta, GA 31193-2683 USAPhone: 1 866 276 4764 (within the U.S. or Canada) or 1 770 280 4129 (globally)Fax: 1 770 280 4113Email: info@bookorders.pmi.orgPrinted in the United States of America. No part of this work may be reproduced or transmitted in any form or by any means,electronic, manual, photocopying, recording, or by any information storage and retrieval system, without prior writtenpermission of the publisher.The paper used in this book complies with the Permanent Paper Standard issued by the National Information StandardsOrganization (Z39.48—1984).PMI, the PMI logo, PMBOK, OPM3, PMP, CAPM, PgMP, PfMP, PMI-RMP, PMI-SP, PMI-ACP, PMI-PBA, PROJECT MANAGEMENT JOURNAL, PM NETWORK, PMITODAY, PULSE OF THE PROFESSION and the slogan MAKING PROJECT MANAGEMENT INDISPENSABLE FOR BUSINESS RESULTS. are all marks of ProjectManagement Institute, Inc. For a comprehensive list of PMI trademarks, contact the PMI Legal Department. All other trademarks, service marks, trade names,trade dress, product names and logos appearing herein are the property of their respective owners. Any rights not expressly granted herein are reserved.10 9 8 7 6 5 4 3 2 1
T a b le of C ontents1. Introduction.11.1 Purpose of The Standard for Portfolio Management.11.2 Audience for The Standard for Portfolio Management.21.3 What Is a Portfolio?.31.4 Relationships Among Portfolios, Programs, Projects, and Operations.41.5 What Is Portfolio Management?.51.6 Relationships Among Portfolio Management, Program Management,and Project Management.51.7 Principles of Portfolio Management.61.8 Relationships Among Portfolio Management, Organizational Strategy, StrategicBusiness Execution, and Organizational Project Management. 71.8.1 Portfolio Management and Organizational Strategy.81.8.2 Strategic Business Execution and Organizational Project Management.91.9 Portfolio Components and Their Interrelationships.111.9.1 Program Management.111.9.2 Project Management.121.9.3 Operations Management.131.10 Role of the Portfolio Manager.131.11 Other Roles in Portfolio Management.161.11.1 Sponsors.161.11.2 Portfolio Governance Body.171.11.3 Portfolio, Program, and/or Project Management Office.171.11.4 Program Managers.181.11.5 Project Managers.19III
2. THE PORTFOLIO LIFE CYCLE.212.1 Overview.212.2 Guiding Principles.212.3 Ongoing Life Cycle.222.3.1 Initiation.242.3.2 Planning.242.3.3 Execution.252.3.4 Optimization.252.3.5 Monitor and Control.262.4 Portfolio Management Information System (PMIS).262.5 Governance Within the Portfolio Life Cycle.273. PORTFOLIO STRATEGIC MANAGEMENT.293.1 Overview.293.2 Guiding Principles.303.3 Portfolio Strategic Objectives.303.4 Developing Portfolio Strategic Objectives.313.4.1 Vision and Mission Statements.313.4.2 Strategic Goals.323.4.3 Strategic Objectives.333.4.4 Strategic Initiatives.333.5 Strategic Risk Appetite.343.6 Portfolio Charter.353.7 Portfolio Roadmap.353.8 Key Portfolio Components.363.8.1 Evaluating Portfolio Key Components.373.8.2 Selecting Portfolio Key Components.373.9 Portfolio Optimization.393.10 Managing Strategic Alignment.403.10.1 Considerations When Managing Strategic Impact.413.10.2 The Impact of Strategic Change.41IV Table of Contents
4. PORTFOLIO GOVERNANCE.434.1 Overview.434.2 What Is Portfolio Governance?.434.3 Guiding Principles.444.4 The Concept of Governance.444.4.1 Portfolio Governance Impact on Programs and Projects.444.4.2 Portfolio Governance and Other Domains inPortfolio Management 454.5 Effective Portfolio Governance Design Factors.464.6 Portfolio Governance Roles.474.6.1 Portfolio Sponsor.474.6.2 Portfolio Governance Board.484.6.3 Portfolio Audit Organization.494.6.4 Other Roles.505. PORTFOLIO CAPACITY AND CAPABILITY MANAGEMENT.515.1 Overview.515.2 Guiding Principles.525.3 Capacity Management.525.4 Capacity Planning.545.5 Supply and Demand Management.555.5.1 Supply and Demand Analysis.555.5.2 Supply and Demand Allocations.555.6 Supply and Demand Optimization.575.7 Organizational Capabilities.585.8 Capability Assessment.595.9 Capability Development.595.9.1 Developing New Capabilities.595.9.2 Sustaining Existing Capabilities.615.10 Performance Reporting and Analytics.615.11 Balance Capacity and Capability.61V
6. PORTFOLIO STAKEHOLDER ENGAGEMENT.636.1 Overview.646.2 Guiding Principles.666.3 Definition and Identification of Portfolio Stakeholders.676.3.1 Categorization of Stakeholders.686.3.2 Identifying Stakeholders.696.4 Analysis of Portfolio Stakeholders.696.5 Stakeholder Engagement Planning.706.6 Identifying Communications Management Approaches.706.6.1 Alignment with Governance.706.6.2 Communication Infrastructure.706.6.3 Portfolio Management Plan.716.6.4 Portfolio Reports.716.6.5 Portfolio Process Assets.716.6.6 Communication Governance and Interface to Components.726.7 Manage Portfolio Communications.737. PORTFOLIO VALUE MANAGEMENT.757.1 Overview.
PMI Book Service Center P.O. Box 932683, Atlanta, GA 31193-2683 USA Phone: 1 866 276 4764 (within the U.S. or Canada) or 1 770 280 4129 (globally) Fax: 1 770 280 4113 Email: info@bookorders.pmi.org Library of Congress Cataloging-in-Publication Data has been applied for. Printed in the United States of America. No part of this work may be reproduced or transmitted in any
