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Project Portfolio Management (PPM) is a significant advance over traditional PM methods, which focus primarily on doing projects well. PPM addresses the common problem of applying scarce resources to the wrong projects. PPM, therefore, goes beyond the art of "managing projects right" and focuses on "doing the right projects".

In a nutshell, the objective of PPM is to create the mix of projects most likely to support the achievement of the organization's goals, aligned with the preferred strategies, and within the organization's resource (people and funding) constraints.

This presentation shows how PPM bridges the gap between the projects and operations sides of the enterprise and discusses organizational issues to place PPM at the hub of an integrated process. It reviews the components of the project selection and prioritization process, including determination of value and benefits, the impact of risk, and allocation of scarce resources to projects. It goes on to discuss issues for managing the project portfolio and maintaining a portfolio aimed at realizing the maximum benefits.

Examples of methods and data charts, culled from recognized leaders in the PPM field, will be displayed. Mr. Levine's latest book "Project Portfolio Management, A Practical Guide to Selecting Projects, Managing Portfolios, and Maximizing Benefits", Jossey-Bass, was released in July, 2005. Copies will be available at the meeting.

This talk will be of special value to CEO's, COO's, CFO's, CIO's, Resource Managers and Strategic Planners.

Harvey A. Levine, with 43 years of service to the project management industry, is founder of The Project Knowledge Group, a consulting firm specializing in the dissemination of PM knowledge through writing, training, mentoring and direct consulting. He has implemented or enhanced the project management capabilities of numerous firms, often combined with the selection or implementation of computerized project management tools. For more information on Harvey Levine or the Project Knowledge Group, please visit http://home.earthlink.net/~halevine/.

Mr. Levine is the leading consultant to the project management software industry and is recognized as the leading expert in tools for project management. He has been Adjunct Professor of Project Management at Rensselaer Polytechnic Institute and Boston University. He has conducted project management public seminars for ASCE, AMA, IBM, and PMI.

Mr. Levine is the author of three books, and over 200 articles, whitepapers and videos on Project Management. His 2002 book, "Practical Project Management: Tips, Tactics, and Tools", is still available from John Wiley & Sons. Mr. Levine's new book, "Project Portfolio Management, A Practical Guide to Selecting Projects, Managing Portfolios, and Maximizing Benefits", Jossey-Bass, was released in July, 2005. Mr. Levine is past president and chair of the Project Management Institute, a recipient of PMI's 1989 Distinguished Contribution to Project Management award, and has been elected a Fellow of PMI. Harvey was a founder of the Upstate New York Chapter.

Mr. Levine has offices in Saratoga Springs, NY and San Diego, CA. His e-mail address is: halevine@earthlink.net.