Optimizing Corporate Portfolio Management

The trick is to remove the emotion and focus on what can be measured . . . not easy to do, but this book shows you how." —Alan Gallo, Senior Vice President, Corporate Planning & Analysis, American Express Company "Of the Seven Deadly Sins ...

Optimizing Corporate Portfolio Management

Author: Anand Sanwal

Publisher: John Wiley & Sons

ISBN: 9780470149607

Page: 224

View: 540

If where an organization allocates its resources determines its strategy, why is it that so few companies actively manage the resource allocation process? "Optimizing Corporate Portfolio Management: Aligning Investment Proposals with Organizational Strategy" goes beyond platitudes about why you should use corporate portfolio management (CPM) by offering a practical methodology to bring this powerful discipline to your organization. "Optimizing Corporate Portfolio Management" takes an expansive view of where CPM can be utilized by demonstrating that it can be used across any business line, product group or functional area, e.g., IT, R&D, innovation, marketing, salesforce, capital expenditure, etc. CPM is appropriate anywhere discretionary investments are being selected and executed. As a result, other terms used to describe portfolio management such as IT portfolio management, enterprise portfolio management, and project portfolio management are all merely subsets or slices of CPM. The book is written by Anand Sanwal, an expert on CPM, who has led American Express' CPM discipline (referred to as American Express Investment Optimization). American Express' CPM efforts are widely recognized as the most extensive, substantial and progressive deployment of CPM across any organization. Sanwal avoids academic theories and consultant jargon to ultimately deliver pragmatic and proven recommendations on how to make CPM a reality. The book features a foreword by Gary Crittenden, former CFO and EVP of American Express, and several case studies from leading financial services, technology, and government organizations utilizing CPM. Additionally, the book has received significant praise from thought leaders at Google, HP, American Express, The CFO Executive Board, Gartner, Accenture Marketing Sciences, The Wharton School of Business and many others.

Corporate Portfolio Management for Sustainable Healthy Returns in the Minerals Industry

"The minerals industry has recently encountered significant price fluctuations leading to more business risk and unexpected overall returns on capital fund invested.

Corporate Portfolio Management for Sustainable Healthy Returns in the Minerals Industry

Author: Achille Nkuidjeu Njike

Publisher:

ISBN:

Page:

View: 813

"The minerals industry has recently encountered significant price fluctuations leading to more business risk and unexpected overall returns on capital fund invested. This situation forces mining corporations to find new decision-making processes to improve productivity and efficiency in allocation or prioritization of business-related spending, including sustaining and working capital projects. This research aims to propose new portfolio management strategies to be used at the senior management level of global mining companies. Given that decision-making processes regarding a portfolio require risk management and diversification components, the main emphasis is on managing the trade-offs between risks and returns. Therefore, the effect of business unit performance of a project initiator, the country stability where the project will be implemented, the commodity market behavior under unexpected extreme events were reviewed and developed in the proposed portfolio optimization models. Quantification techniques were explored for portfolio optimization with operational performance, commodity market behavior, and international and country risks for extreme events. In addition, the phenomena affecting risk quantification such as reproduction of relationships between portfolio elements and reaction to unexpected cases were further embedded in the decision-making process. Risk indicators to be generated were used in the optimization process to maximize the return from a corporate portfolio while considering the risk-taking capacity of a global mining company. Ultimately, this research contributes to the development of effective and efficient portfolio management approaches, including prioritization of a weighted decision-making criterion in optimization models, such that mining stakeholders will benefit from optimal returns at an acceptable risk"--

Metaheuristic Approaches to Portfolio Optimization

Featuring research on topics such as closed-end funds, asset allocation, and risk-return paradigm, this book is ideally designed for investors, financial professionals, money managers, accountants, students, professionals, and researchers.

Metaheuristic Approaches to Portfolio Optimization

Author: Ray, Jhuma

Publisher: IGI Global

ISBN: 1522581049

Page: 263

View: 759

Control of an impartial balance between risks and returns has become important for investors, and having a combination of financial instruments within a portfolio is an advantage. Portfolio management has thus become very important for reaching a resolution in high-risk investment opportunities and addressing the risk-reward tradeoff by maximizing returns and minimizing risks within a given investment period for a variety of assets. Metaheuristic Approaches to Portfolio Optimization is an essential reference source that examines the proper selection of financial instruments in a financial portfolio management scenario in terms of metaheuristic approaches. It also explores common measures used for the evaluation of risks/returns of portfolios in real-life situations. Featuring research on topics such as closed-end funds, asset allocation, and risk-return paradigm, this book is ideally designed for investors, financial professionals, money managers, accountants, students, professionals, and researchers.

IT Information Technology Portfolio Management Step by Step

This is an exceptionally important book for executive leadership and IT business managers, especially those wanting to build a process-managed enterprise.

IT  Information Technology  Portfolio Management Step by Step

Author: Bryan Maizlish

Publisher: John Wiley & Sons

ISBN: 1118005058

Page: 400

View: 689

Praise for IT Portfolio Management Step-by-Step "Bryan Maizlish and Robert Handler bring their deep experience in IT 'value realization' to one of the most absent of all IT management practices--portfolio management. They capture the essence of universally proven investment practices and apply them to the most difficult of challenges--returning high strategic and dollar payoffs from an enterprise's IT department. The reader will find many new and rewarding insights to making their IT investments finally return market leading results." --John C. Reece, Chairman and CEO, John C. Reece & Associates, LLC Former deputy commissioner for modernization and CIO of the IRS "IT Portfolio Management describes in great detail the critical aspects, know-how, practical examples, key insights, and best practices to improve operational efficiency, corporate agility, and business competitiveness. It eloquently illustrates the methods of building and integrating a portfolio of IT investments to ensure the realization of maximum value and benefit, and to fully leverage the value of all IT assets. Whether you are getting started or building on your initial success in IT portfolio management, this book will provide you information on how to build and implement an effective IT portfolio management strategy." --David Mitchell, President and CEO, webMethods, Inc. "I found IT Portfolio Management very easy to read, and it highlights many of the seminal aspects and best practices from financial portfolio management. It is an important book for executive, business, and IT managers." --Michael J. Montgomery, President, Montgomery & Co. "IT Portfolio Management details a comprehensive framework and process showing how to align business and IT for superior value. Maizlish and Handler have the depth of experience, knowledge, and insight needed to tackle the challenges and opportunities companies face in optimizing their IT investment portfolios. This is an exceptionally important book for executive leadership and IT business managers, especially those wanting to build a process-managed enterprise." --Peter Fingar, Executive Partner Greystone Group, coauthor of The Real-Time Enterprise and Business Process Management (BPM): The Third Wave "A must-read for the non-IT manager who needs to understand the complexity and challenges of managing an IT portfolio. The portfolio management techniques, analysis tools, and planning can be applied to any project or function." --Richard "Max" Maksimoski, Senior Director R&D, The Scotts Company "This book provides an excellent framework and real-world based approach for implementing IT portfolio management. It is a must-read for every CIO staff considering how to strategically and operationally impact their company's bottom line." --Donavan R. Hardenbrook, New Product Development Professional, Intel Corporation

Implanting Strategic Management

The third and most complex way to manage the SBA portfolio is through portfolio
optimizing: corporate management formulates a corporate portfolio strategy
which specifies portfolio evolution over time, new SBA additions, divestments ...

Implanting Strategic Management

Author: H. Igor Ansoff

Publisher: Springer

ISBN: 3319995995

Page: 592

View: 157

Coming more than 25 years after the last edition, this edition of the groundbreaking Ansoff work on the concepts and practical implementation of strategic management provides up-to-date case studies and simplified figures and offers a comprehensive approach to guiding firms through turbulent environments. In this age of digital transformation, the ability to respond quickly and strategically to unpredictable change can determine the success or failure of the firm. As an organization becomes more successful at implementing change, the ability to respond to changes in the environment will be entrenched in its culture. This book is based on a strategic success model which demonstrates how to optimize a firm's performance. For managers, students, and researchers wanting a step-by-step methodology on how to analyze a firm, this book will serve as an invaluable resource for thinking and acting strategically.

Project Portfolio Management Strategies for Effective Organizational Operations

Project Portfolio Management Strategies for Effective Organizational Operations is a key resource on the latest advances and research regarding strategic initiatives for portfolio and program management.

Project Portfolio Management Strategies for Effective Organizational Operations

Author: Romano, Luca

Publisher: IGI Global

ISBN: 1522521526

Page: 388

View: 371

Continuous improvements in project portfolio management have allowed for optimized strategic planning and business process improvement. This not only leads to more streamlined processes, methods, and technologies, but it increases the overall productivity of companies. Project Portfolio Management Strategies for Effective Organizational Operations is a key resource on the latest advances and research regarding strategic initiatives for portfolio and program management. Highlighting multidisciplinary studies on value creation, portfolio governance and communication, and integrated circular models, this publication is an ideal reference source for professionals, researchers, business managers, consultants, and university students in economics, management, and engineering.

Agile Portfolio Management

Written by agile-mentoring expert Jochen Krebs, this book illuminates the opportunities—and rewards—of applying agile processes to your overall IT portfolio.

Agile Portfolio Management

Author: Jochen Krebs

Publisher: Microsoft Press

ISBN: 0735638489

Page: 240

View: 155

Agile development processes foster better collaboration, innovation, and results. So why limit their use to software projects—when you can transform your entire business? Written by agile-mentoring expert Jochen Krebs, this book illuminates the opportunities—and rewards—of applying agile processes to your overall IT portfolio. Whether project manager, business analyst, or executive—you’ll understand the business drivers behind agile portfolio management. And learn best practices for optimizing results. Use agile processes to align IT and business strategy Adapt and extend core agile processes Orchestrate the collaboration between IT and business vision Eliminate wish-list driven requirements, and manage expectations instead Optimize the balance of projects, resources, and assets in your portfolio Use metrics to communicate project status, quality, even team morale Create a portfolio strategy consistent with the goals of the organization Achieve organizational and process transparency Manage your business with agility—and help maximize the returns!

Portfolio Management with Heuristic Optimization

Portfolio Management with Heuristic Optimization consist of two parts.

Portfolio Management with Heuristic Optimization

Author: Dietmar G. Maringer

Publisher: Springer Science & Business Media

ISBN: 0387258531

Page: 223

View: 235

Portfolio Management with Heuristic Optimization consist of two parts. The first part (Foundations) deals with the foundations of portfolio optimization, its assumptions, approaches and the limitations when "traditional" optimization techniques are to be applied. In addition, the basic concepts of several heuristic optimization techniques are presented along with examples of how to implement them for financial optimization problems. The second part (Applications and Contributions) consists of five chapters, covering different problems in financial optimization: the effects of (linear, proportional and combined) transaction costs together with integer constraints and limitations on the initital endowment to be invested; the diversification in small portfolios; the effect of cardinality constraints on the Markowitz efficient line; the effects (and hidden risks) of Value-at-Risk when used the relevant risk constraint; the problem factor selection for the Arbitrage Pricing Theory.

Mastering Project Portfolio Management

This unique text provides a holistic systems approach to project portfolio management which includes people, processes, tools, and techniques that work synergistically to produce portfolio decisions with the best chance of success.

Mastering Project Portfolio Management

Author: Michael J. Bible

Publisher: J. Ross Publishing

ISBN: 1604270667

Page: 360

View: 357

This unique text provides a holistic systems approach to project portfolio management which includes people, processes, tools, and techniques that work synergistically to produce portfolio decisions with the best chance of success. Accompanied by decision support software and advanced decision making techniques, it guides readers step-by-step through the entire project portfolio management process. This professional guide is also ideal for executive continuing education programs, and as a primary text for graduate level academic courses.

Enterprise Project Portfolio Management

This unique guide and professional reference presents a structured framework for practitioners and students of project, program, and portfolio management to enhance their strategic and analytic capabilities in the evolving discipline of ...

Enterprise Project Portfolio Management

Author: Dr. Richard Bayney

Publisher: J. Ross Publishing

ISBN: 1604270608

Page: 384

View: 385

This unique guide and professional reference presents a structured framework for practitioners and students of project, program, and portfolio management to enhance their strategic and analytic capabilities in the evolving discipline of project portfolio management (PPM). It provides a practical, step-by-step approach to building competencies in categorizing, evaluating, optimizing, prioritizing, and managing an IT, pharmaceutical, biotech or other complex R&D-oriented portfolio of investments.

Robust Portfolio Optimization and Management

Praise for Robust Portfolio Optimization and Management "In the half century since Harry Markowitz introduced his elegant theory for selecting portfolios, investors and scholars have extended and refined its application to a wide range of ...

Robust Portfolio Optimization and Management

Author: Frank J. Fabozzi

Publisher: John Wiley & Sons

ISBN: 0470164891

Page: 512

View: 452

Praise for Robust Portfolio Optimization and Management "In the half century since Harry Markowitz introduced his elegant theory for selecting portfolios, investors and scholars have extended and refined its application to a wide range of real-world problems, culminating in the contents of this masterful book. Fabozzi, Kolm, Pachamanova, and Focardi deserve high praise for producing a technically rigorous yet remarkably accessible guide to the latest advances in portfolio construction." --Mark Kritzman, President and CEO, Windham Capital Management, LLC "The topic of robust optimization (RO) has become 'hot' over the past several years, especially in real-world financial applications. This interest has been sparked, in part, by practitioners who implemented classical portfolio models for asset allocation without considering estimation and model robustness a part of their overall allocation methodology, and experienced poor performance. Anyone interested in these developments ought to own a copy of this book. The authors cover the recent developments of the RO area in an intuitive, easy-to-read manner, provide numerous examples, and discuss practical considerations. I highly recommend this book to finance professionals and students alike." --John M. Mulvey, Professor of Operations Research and Financial Engineering, Princeton University

Modern Portfolio Management

This book shows how 130/30 strategies allow asset owners and asset managers to more fully exploit an active manager's information set.

Modern Portfolio Management

Author: Martin L. Leibowitz

Publisher: John Wiley & Sons

ISBN: 9780470484944

Page: 511

View: 638

Active 130/30 Extensions is the newest wave of disciplined investment strategies that involves asymmetric decision-making on long/short portfolio decisions, concentrated investment risk-taking in contrast to diversification, systematic portfolio risk management, and flexibility in portfolio design. This strategy is the building block for a number of 130/30 and 120/20 investment strategies offered to institutional and sophisticated high net worth individual investors who want to manage their portfolios actively and aggressively to outperform the market.

Efficient Asset Management

Presents new approaches to defining optimal portfolios and details techniques that managers can use to enhance the value of optimized portfolios

Efficient Asset Management

Author: Richard O. Michaud

Publisher: Oxford University Press

ISBN:

Page: 152

View: 349

Presents new approaches to defining optimal portfolios and details techniques that managers can use to enhance the value of optimized portfolios

Project Portfolio Management

The book begins by explaining basic PPM principles and why PPM is more critical than ever for business success.

Project Portfolio Management

Author: EPMC, Inc.

Publisher: John Wiley & Sons

ISBN: 1118276396

Page: 256

View: 416

Written by ten successful project portfolio managers from companiesincluding AAA, Boeing, Franklin Templeton, Johnson & Johnson,Safeway, and the UK Government, this easy-to-follow guide takes youthrough the project portfolio management process. It's based onwhat actually works, giving you a clear road map and the toolsneeded to determine the optimal mix and sequencing of projects inorder to meet your organization's goals. The book begins byexplaining basic PPM principles and why PPM is more critical thanever for business success. This introduction is followed by astory, tracking the experiences of a manager new to PPM as hediscovers the issues that all of us face in trying to get tractionwith our PPM initiatives. In answering the questions our storyraises, the book then details each step of the PPM process, usingcases and examples drawn from the authors' first hand experience tohelp you address such key questions as: Which projects should our organization invest in? How can we optimize our organization's capacity? How well are we executing the PPM process? Can our organization absorb all the changes that our PPM planrequires? Are we achieving all the expected benefits? The authors are all members of the Enterprise PortfolioManagement Council, a group of senior portfolio managementexecutives dedicated to helping organizations develop their ownportfolio management capabilities. Now you can benefit from theircollective wisdom and experience, and duplicate their successfulresults within your own organization.

Strategic Benefits Realization

Aligned with global standards, this book extends the knowledge contained in these standards through practical implementation guidance, examples, and additional detail created to assist organizations in implementing benefits realization ...

Strategic Benefits Realization

Author: Craig Letavec

Publisher: J. Ross Publishing

ISBN: 1604270934

Page: 312

View: 505

“Strategic Benefits Realization never loses focus on the ultimate goal of any organization—to achieve business benefits that endure. Craig Letavec’s common sense approach and practical guidance can be applied throughout the entire benefits realization life cycle to ensure true business value from project investments. Business and project professionals can apply the author’s business-focused techniques immediately—a must read in today’s highly competitive global marketplace.” —Marc Resch, President, Resch Group, and best-selling author This desk reference offers practical guidance for program managers, portfolio managers, and business leaders in the implementation of benefits realization management in organizations. Aligned with global standards, this book extends the knowledge contained in these standards through practical implementation guidance, examples, and additional detail created to assist organizations in implementing benefits realization management as a business practice to support the achievement of strategic business benefits. It also addresses important considerations in organizational change management, providing insights on leveraging key principles to guide successful implementation of the business change required to realize benefits through project and program work. Leveraging benefits realization management at the business portfolio level is covered as well. This book is ideal for organizations beginning to implement benefits realization management and those that wish to mature existing practices. Strategic Benefits Realization provides a practical approach to implementing benefits realization management in organizations that is aligned to PMI’sStandard for Program Management and other global standards, and is presented in the context of program and portfolio management. The guidance offered supports effective governance and execution management to deliver business value.

Robust Equity Portfolio Management

This groundbreaking book: Introduces the mean-variance model, discusses its shortcomings, and explains common approaches for increasing the robustness of portfolios Contains an overview of optimization and details the steps involved in ...

Robust Equity Portfolio Management

Author: Woo Chang Kim

Publisher: John Wiley & Sons

ISBN: 111879737X

Page: 256

View: 497

A comprehensive portfolio optimization guide, with provided MATLAB code Robust Equity Portfolio Management + Website offers the most comprehensive coverage available in this burgeoning field. Beginning with the fundamentals before moving into advanced techniques, this book provides useful coverage for both beginners and advanced readers. MATLAB code is provided to allow readers of all levels to begin implementing robust models immediately, with detailed explanations and applications in the equity market included to help you grasp the real-world use of each technique. The discussion includes the most up-to-date thinking and cutting-edge methods, including a much-needed alternative to the traditional Markowitz mean-variance model. Unparalleled in depth and breadth, this book is an invaluable reference for all risk managers, portfolio managers, and analysts. Portfolio construction models originating from the standard Markowitz mean-variance model have a high input sensitivity that threatens optimization, spawning a flurry of research into new analytic techniques. This book covers the latest developments along with the basics, to give you a truly comprehensive understanding backed by a robust, practical skill set. Get up to speed on the latest developments in portfolio optimization Implement robust models using provided MATLAB code Learn advanced optimization methods with equity portfolio applications Understand the formulations, performances, and properties of robust portfolios The Markowitz mean-variance model remains the standard framework for portfolio optimization, but the interest in—and need for—an alternative is rapidly increasing. Resolving the sensitivity issue and dramatically reducing portfolio risk is a major focus of today's portfolio manager. Robust Equity Portfolio Management + Website provides a viable alternative framework, and the hard skills to implement any optimization method.

Portfolio Management in Practice Volume 1

This volume delves into contemporary CFA Institute knowledge on fixed income portfolio management, passive and active equity investing, hedge fund strategies and provides a detailed summary of evaluating chosen strategies.

Portfolio Management in Practice  Volume 1

Author: CFA Institute

Publisher: John Wiley & Sons

ISBN: 1119743699

Page: 1328

View: 854

Portfolio Management in Practice, Volume 1: Investment Management delivers a comprehensive overview of investment management for students and industry professionals. As the first volume in the CFA Institute’s new Portfolio Management in Practice series, Investment Management offers professionals looking to enhance their skillsets and students building foundational knowledge an essential understanding of key investment management concepts. Designed to be an accessible resource for a wide range of learners, this volume explores the full portfolio management process. Inside, readers will find detailed coverage of: Forming capital market expectations Principles of the asset allocation process Determining investment strategies within each asset class Integrating considerations specific to high net worth individuals or institutions into chosen strategies And more To apply the concepts outlined in the Investment Management volume, explore the accompanying Portfolio Management in Practice, Volume 1: Investment Management Workbook. The perfect companion resource, this workbook aligns chapter-by-chapter with Investment Management for easy referencing so readers can draw connections between theoretical content and challenging practice problems. Featuring contributions from the CFA Institute’s subject matter experts, Portfolio Management in Practice, Volume 1: Investment Management distills the knowledge forward-thinking professionals will need to succeed in today’s fast-paced financial world.

Bond Portfolio Optimization

The book analyzes how modern portfolio theory and dynamic term structure models can be applied to government bond portfolio optimization problems.

Bond Portfolio Optimization

Author: Michael Puhle

Publisher: Springer Science & Business Media

ISBN: 9783540765936

Page: 140

View: 950

The book analyzes how modern portfolio theory and dynamic term structure models can be applied to government bond portfolio optimization problems. The author studies the necessary adjustments, examines the models with regard to the plausibility of their results and compares the outcomes to portfolio selection techniques used by practitioners. Both single-period and continuous-time bond portfolio optimization problems are considered.

The Handbook of Fixed Income Securities Chapter 46 Global Credit Bond Portfolio Management

The task of global credit portfolio management is to process all this rapidly
changing information about the credit ... Despite this apparent limitation on the
perfection of corporate portfolio optimization, broad demand exists for corporate
debt.

The Handbook of Fixed Income Securities  Chapter 46   Global Credit Bond Portfolio Management

Author: Frank Fabozzi

Publisher: McGraw Hill Professional

ISBN: 0071715460

Page: 33

View: 613

From The Handbook of Fixed Income Securities--the most authoritative, widely read reference in the global fixed income marketplace--comes this sample chapter. This comprehensive survey of current knowledge features contributions from leading academics and practitioners and is not equaled by any other single sourcebook. Now, the thoroughly revised and updated seventh edition gives you the facts and formulas you need to compete in today's transformed marketplace. It places increased emphasis on applications, electronic trading, and global portfolio management.

Portfolio Management in Practice Volume 2

The Asset Allocation Workbook offers a range of practical information and exercises that reinforce the key concepts explored in Portfolio Management in Practice, Volume 2: Asset Allocation.

Portfolio Management in Practice  Volume 2

Author: CFA Institute

Publisher: John Wiley & Sons

ISBN: 1119788080

Page: 176

View: 761

The Asset Allocation Workbook offers a range of practical information and exercises that reinforce the key concepts explored in Portfolio Management in Practice, Volume 2: Asset Allocation. Part of the reputable CFA Institute Investment Series, the workbook is designed to further students’ and professionals’ hands-on experience with a variety of learning outcomes, summary overview sections, and challenging problems and solutions. The workbook provides the necessary tools and latest information to help learners advance their skills in this critical facet of portfolio management. Aligning chapter-by-chapter with the main text so readers can easily pair exercises with the appropriate content, this workbook covers: Setting capital market expectations to support the asset allocation process Principles and processes in the asset allocation process, including handling ESG-integration and client-specific constraints Allocation beyond the traditional asset classes to include allocation to alternative investments The role of exchange-traded funds can play in implementing investment strategies The Asset Allocation Workbook has been compiled by experienced CFA members to give learners world-class examples based on scenarios faced by finance professionals every day. For practice on additional aspects of portfolio management, explore Volume 1: Investment Management, Volume 3: Equity Portfolio Management, and their accompanying workbooks to complete the Portfolio Management in Practice series.