Advice for the Project Management Professional (PMP)

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TABLE OF CONTENTS
Preface xi
Chapter 1 An Introduction to Project, Program, and Portfolio Management 1
Introduction 2
What is a Project? 4
Examples of Projects 4
Project Attributes 4
The Triple Constraint 5
What is Project Management? 7
Project Stakeholders 8
Project Management Knowledge Areas 9
Project Management Tools and Techniques 10
Project Success 12
Program and Project Portfolio Management 13
Programs 13
Project Portfolio Management 15
The Project Management Profession 17
Suggested Skills for Project, Program, and Portfolio Managers 17
Project Management Certification 22
Ethics in Project Management 23
Project Management Software 24
Chapter Summary 29
Quick Quiz 30
Discussion Questions 31
Exercises 32
Team Projects 32
Companion Web Site 33
Key Terms 33
End Notes 34
Chapter 2 Project, Program, and Portfolio Selection 37
Aligning Projects with Business Strategy 38
Strategic Planning 39
SWOT Analysis 39
Four-Stage Planning Process for Project Selection 41
Methods for Selecting Projects 42
Focusing on Competitive Strategy and Broad Organizational Needs 43
Performing Financial Projections 44
Using a Weighted Scoring Model 50
Implementing a Balanced Scorecard 52
Problems, Opportunities, and Directives 53
Project Time Frame 54
Project Priority 54
Program Selection 54
Focusing on Coordination and Benefits 55
Approaches to Creating Programs 55
Project Portfolio Selection 56
Focusing on Enterprise Success 57
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