Saturday, July 17, 2010

Book review: Taming Change with Portfolio Management

Recently I received an advance reader’s copy of Taming Change with Portfolio Management: Unify Your Organization, Sharpen Your Strategy and Create Measurable Value which is now on available at Amazon (and available on the kindle).

Pat Durbin and Terry Doerscher (both from Planview) have developed a guide for managing change within the modern portfolio management that provides organizations of all types and sizes a way to effectively manage changes impacting all areas of the organization.

The book covers concepts like adapting to change:

“If you look at every change as a single, isolated event that threatens your survival, the people in your organization might respond like five-year-olds on the soccer field, “buzzing” around the ball like a swarm of bees. Using portfolio management, you will be able to see individual changes from a broader perspective and respond with fluid adjustments to your game plan. Once you understand that change is the nature of the game, it becomes a strategic tool.”

To operational planning concepts:

“A formal operational planning process establishes a methodical, consistent planning approach at the highest levels of the organization, with clearly defined roles and responsibilities.”

To operational planning process:

“Successful organizations are not only open to new ideas; they also make a formal commitment to an effective and sustainable idea nurturing process.”

They also cover:

  • Implementing portfolio management
  • Managing work intake
  • Leveraging technology to help run your portfolio
  • … and many other portfolio topics

I'd recommend it to anyone who wants to understand how portfolio management can be integrated into a program for effective project control.

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