Portfolio Management Standard

Exposure Draft

RECOMMENDATION FORM

(Please Use a Separate Form for Each Recommendation)

Submitter Name: Robert Perrine
Address:
Irvine, California, USA
E-mail Address:
 
Daytime Phone:
 
Fax:

 

[1] Page number and Section or Subsection Number (as it appears in the Exposure Draft): Overview with a specific quote from page 19 in the PDF.

[2]  Original Text (please copy and paste, type or attach a copy of the original text here):

“Traditionally, this is at the annual budgeting time, although some organizations have refresh cycles that are more frequent.”

[3]  Recommended Text (modify the original text to satisfy your concern here):

I do not recommend a change in this version, but wish to provide a recommended objective for the next release. Perhaps this sentence could then be updated to be more specific. Wording might then be something like:

“Best practice is to schedule an aligning cycle at least annually if not quarterly. Feedback from the Monitoring and Controlling processes should be used to trigger earlier aligning cycles when there is an impacting change in strategy or in the portfolio management process.”

[4]  Provide a detailed justification/reason for requested change:

In my opinion, this document is very thorough and well thought through. I my reading of it, however, it sounds to me more like a survey of the current industry than a guideline for “best practices”. I believe the industry is maturing and can use more specific guidance.

 

 


 

 

 

Please submit this Recommendation Form via e-mail, postal mail or fax to:

 

PMI Standards Program

Project Management Institute

Four Campus Boulevard

Newtown Square, PA  19073-3299  USA
Fax: +610-356-4647

kristin.wright@pmi.org

 

(All Assignment of Copyrights must be sent via postal mail; only original versions are acceptable)

 


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