Part of this appendix was presented as a paper at the Project Management Institute (PMI) Research Conference in Portland, USA.1
Portfolio management (PfM) is an allied discipline of project management and can be contextualized through an understanding of the following established theories: (a) Modern Portfolio Theory (MPT), (b) Organizational Theory, (c) Systems Theory, (d) Multicriteria Utility Theory (MCUT), and (e) Complexity Theory. The relationship between these theories and PfM are discussed in this appendix.
PfM is not a self-standing theory but is a relatively young discipline compared to project management. The concepts and definition of PfM need to be fully understood and considered in light ...