Project Portfolio Management

In this course the participants will learn about how project portfolio management, as a form of systems thinking, can significantly improve organizational performance. Portfolio management emphasizes the importance of project selection, managing resources effectively and ensuring that a governance system is in place to create a unified and focused approach that will support the strategic direction of the organization. During this seminar you will learn about methods for analyzing potential projects, collectively managing projects and programs, and how to establish a measurement process to ensure that projects within portfolios continue to contribute toward strategic goals.

Project Portfolio Management is essential to most medium and large businesses. The need to select projects and programs that will support organizational objectives, assign resources effectively to achieve maximum value within the organization and meet the needs of customers and clients is a business necessity. Project Portfolio Management provides an organization with a methodology for investment decision making, managing the interrelationships between projects, programs, and operations, and assessing overall organizational performance.

Key Learning Objectives

• Introduce the concepts and purpose of portfolio management
• Connect organizational governance and portfolio management
• Develop the ability to utilize systems thinking to achieve organizational objectives
• Provide a detailed process for portfolio management
• Improve management and leadership capabilities of project and program managers
• Provide tools and techniques for selecting projects, measuring performance and making value driven decisions
  

  Who Should Attend

  Project Managers, Project Sponsors, team leaders and directors who desire to improve their ability to think more strategically, improve their ability to manage critical resources effectively, and manage changes that may impact organizational performance.

  How You Will Benefit

• Improve your ability to think from a “big picture” perspective
• Utilize tools and techniques to improve your internal management processes
• Become more effective and efficient at project and program selection
• Develop a scoring and assessment plan to determine the performance level and value of projects and programs in progress

Workshop Duration:

1 day (7 hours)

7 PDUs

Workshop Materials

• The latest edition of The Standard for Program Management published by the PMI
• Portfolio Management Course Handbook
  

  Course Outline

• Introduction
  -What is portfolio management?
  -The challenges of managing change o The importance of systems thinking
• Objectives
  -Establish a process for selecting impactful projects
  -Improve management and leadership effectiveness
  -Introduce best practices for project portfolio management
• Course Topics
  -Definition of portfolio management
  -Organizational assessment
  -Purpose of portfolio management
  -Drivers of change
  -The environment for enterprise project management success o Levels of portfolio management
  -Optimization through portfolio management
  -Role of the portfolio manager
  -The portfolio management process
  -Project selection scoring models
• Closing
  -Summary of key points, tools and techniques for effective portfolio management
  -Questions and discussion
  -Recommendations for additional reading and reference