Capital Project Management, Volume I

CHAPTER 3

Capital Project Portfolios as Strategic Corporate Portfolios

Introduction

In any organization characterized by capital projects, some degree of formal coordination is likely to best serve the interests of all involved. Some dedicate and fund a separately organized effort to manage multiple projects as portfolios. Here, the Project Management Body of Knowledge (PMBOK) (2017) defines a project management office (PMO) as “An organizational body or entity assigned various responsibilities related to the centralized and coordinated management of those projects under its domain.” In the project management vernacular, this applies especially to a projectized (PMI-PMBOK 2017) organization that uses the project management approach as a top-level ...