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 ...