Presentation: Modeling Optimization across Multidimensional Portfolios
Abstract: UMD research on Multidimensional Portfolio Management (https://pm.umd.edu/2024/01/29/umd-research-leads-to-multidimensional-view-of-portfolio-management/) is being implemented within the US Department of Defense. This presentation will discuss modeling efforts for optimization of funding across the multidimensions of an enterprise portfolio schema, at outline in the research along the Value Chain. The paper will discuss the unclassified example, using the Battle of Hoth in Star Wars moving Empire Strikes Back. We will discuss the challenges of optimization within an uncertainty framework that preserves options.
Participants will gain several takeaways:
- Learn evolving strategies for handling complex optimization challenges that consider customers’ changing needs that go beyond classic risk analysis.
- Learn the critical need to develop an ontology that allows for horizontal and vertical integration from project, to program, to portfolio, and then across the enterprise.
- Understand the change management challenge of integrating across functional data stovepipes.
PMI Talent Triangle: Business Acumen
Biography: John Driessnack holds a faculty position within the Project Management Center of Excellence and the Institute for Systems Research at the University of Maryland. He currently is focused on Multidimensional Portfolio Management https://pm.umd.edu/2024/01/29/umd-research-leads-to-multidimensional-view-of-portfolio-management/.research. John has worked on ANSI standard development teams for Earned Value Management and Standard for Program (5th edition). He currently supports the United States Air Force with implementing Multidimensional Portfolio Management as part of the Reoptimizing for Great Power Competition efforts. This effort includes implementing a complex portfolio management approach, revised policies, and creating new tools for managing DAF’s twenty-plus material investment portfolios, each expending annually over a billion dollars. A retired USAF Lt Colonel, John’s military experience includes 21 years within six significant programs, including senior Systems PM for the Joint Global Broadcast System Program. Industry credentials include PMP, PfPM, CSM, and a prior Certified Cost Estimator. He has over 40 years of experience in project, program, and portfolio management in the industry and government. John owns Olde Stone Consulting LLC, a niche sole proprietorship consulting firm. He is also the current President of the College of Performance Management.
