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Some of the ideas in the book are new and some aren't, but the book has done a great job at simplifying these concepts (ie. portfolio management) and making them accessible and usable. Instead of the usual 'pie in the sky' statements, this book dives into a company and illustrates how the tools and frameworks can be used in a typical business. It's refreshing to find the kind of book that can help you manage the execution of these issues.
The book claims that a company's project portfolio is what moves it into the future and provides great tools and techniques that teach you how to get your company to focus on producing business results and think about the bigger picture: where all these projects are actually taking your organization. The book also does a good job at helping you bridge the technology and business sides of an organization even though I could have done without the business history lesson in Chapter 2.
This book can easily be read in two to three hours. I just read it over the weekend and was able to start applying some of the ideas.
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I have been searching, mostly in vain, for a text that will be useful in examining the strategic relationship of business and IT. There were some fine books written in the eighties and early nineties, but very little wisdom has been written since the advent of the networked office and the networked economy. There's tons of e-blather out there, but most was written during the 1997-2000 Internet frenzy that distorted all perspectives. This book is the first to give thoughtful coverage to problems and solutions in the alignment of business needs and IT initiatives. It covers legacy issues, conversion and compatibility, examining typical problems, noted failures, and best-of-breed solutions. It's not full of some egghead professor's theories and paradigms that give new names to old issues; instead it covers relevant case studies to make genuine points. This is not a "how-to" manual, but it is an essential overview. Every CIO should read this, and every CEO should read this and then critically examine the CIO, the IT staff, and its relationship to the business. If you are reasonably intelligent, you don't need to be IT-trained to appreciate most of the authors' points. Recommended.
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Overall, I think the book does a great job at outlining a practical framework and approach to portfolio management. What's more, the book's concepts and tools seem fairly easy to implement....which is always a good thing.