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Advanced Project Portfolio Management and the PMO: Multiplying ROI at Warp Speed 3.2.2003 Edition
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Top Customer Reviews
The section on strategic planning was an eye opener for me in terms of the value that a PMO can bring to the organization in supporting the selection of the `right' projects, i.e. a well balanced project mix that maximizes the return on investment of the portfolio. It is my experience that few organizations think in those terms and it often results in project selections being made based on the clout of their `champions' or by simply jumping from emergency to emergency, strategic projects becoming more the exception than the rule, with the negative bottom line impacts that it implies. Obviously there lies also the greatest challenge of the PMOs given that they have to carve a role for themselves in the high spheres of management where those decisions are made. They also need to instill in management the rigor of project selection, above and beyond mere intuition or customer pressures. This is truly where the strategic value of the PMO is.
Another compelling aspect of the book is the incorporation of the principles of the theory of constraints (TOC). For the organizations that are interested in reaping the benefits of critical chain project management (CCPM) for instance and applying TOC to maximize project flow in their organization, this is a plus. This is one of the rare books that addresses PMO in the context of TOC. The readers should quickly be able to envision the bottom line impact that an efficient and strategic PMO (at the portfolio level) combined with the well documented results of CCPM implementations at the project level could have in their organizations.
This book seems to have been written to promote the authors' consulting business. Throughout the book, there are "examples" of how companies who implemented the "4x4" process made major improvements and the executives that implemented the process got promoted. Obviously, the book does not describe the "4x4" process; you have to bring the authors to implement it in your organization.
This book has so much reference to Goldratt (author of "The goal" and "Critical Chain") that you are better off just reading Goldratt's books.
If I had been completely new to Project Management and PMO, I may have learned a little bit about a PMO after reading this book's 400+ pages, but for someone who has some knowledge of Project Management, this book was a total waste of my time and money.
The absolute clarity on what the PMO should do, the road map and the roles & responsibilities of participants was 'eye' opening to say the least, saved me so much time.
Who ever thought of the PMO getting involved in Marketing, to provide the balance between supply side and market side projects ? The indentification / development of the Unique Selling Proposition and the Compelling Marketing Offer as projects that the PMO would permanently carry out, whow !!!
Last but not least a list of questions at the end of each chapter to ensure I learnt the subject, great idea. Thanks guys.
Most Recent Customer Reviews
A very useful and highly recommendable if you want to improve your knowlege in PMO and Portfolio Management. Read morePublished 3 months ago by Amazon Customer
As a PMP working in the PMO management area, and also as a huge fan of the late great Eli Goldratt (inventor of the Theory of Constraints & Critical Chain), I found this book... Read morePublished 8 months ago by GuruTed
I have given this book three stars because I have only browsed through the pages prior to purchasing it. Read morePublished 18 months ago by Stephan Toth
this book is well written and easier to understand; very straight forward. it was required reading for an MBA course. I actually learned more from it too!Published on April 1, 2014 by M. Webb
The book condition is excellent and price is very reasonable. I use it as a reference for my job, it really helps me a lot in my career.Published on November 10, 2013 by Peter Ng
I do not agree with a couple of reviewers above. Kendall, Rollins PMO book is even today (2013), the very best book you can find to understand how a PMO should be designed, how it... Read morePublished on June 1, 2013 by jalsina
In short, this book is amazing and effective in communicating the need of a central, standardized project management office (PMO). Read morePublished on August 9, 2009 by JBOE