Introduction

Purpose of this Book

A mind needs books as a sword needs a whetstone if it is to keep its edge.

George R. R. Martin

The Standard for Portfolio Management – Fourth Edition is a major update to the third edition. There are three major changes: 1) The new book is now a principle-based standard in which the applicability has achieved greater universality; 2) The breadth of the new standard is broader, encompassing a portfolio life cycle, aligning with complexity and system theories, portfolio stakeholder management, and portfolio value management; and 3) The depth has also been increased to include a section on capability and capacity, a major rework on governance management, and significant insights in value management and stakeholder ...

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