Balance is beautiful.
Major topics in this chapter are tools for mapping project portfolio:
They have a simple purpose: to help companies obtain a balanced portfolio of projects, including existing and newly selected ones (see Figure 3.1). The logic here is that the investment firms are seeking to balance their growth versus income stocks and domestic versus international investments, and spread them out across industries, all in an attempt to acquire a well-diversified portfolio of investments. The analogical use of this concept in project-driven organizations strives for a portfolio of projects that are optimally diversified in terms of a certain number of key dimensions. By supporting such diversification, portfolio planning tools also facilitate the alignment of projects with the organization's strategy while balancing risks involved in projects.
This chapter's goal is to help practicing and prospective project managers
Internalizing these skills has a powerful and positive impact on initiating projects and building a standardized PM process.