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Project Portfolio Management
...How to Increase the Return on Your Organizations Project
Management Investment
This workshop defines the strategy, process, information,
analysis and deliverables of an effective portfolio management
approach. You will learn how to proactively identify select,
deselect, and nurture a balanced and desirable mix of projects.
Effective portfolio management improves the multiple project
flow through the organization by minimizing unnecessary multi
tasking and priority changes.
The goal of this course is to provide participants with
knowledge of the components, importance and challenges of
implementing enterprise –level project portfolio management
based upon the organization strategies business goals.
Prerequisite
More than Five years of project management
experience
Course Level
Advanced
Duration
2 Days
Who should attend?
- People who support portfolio management decision-making
processes for the selection and prioritization of projects
- Project management team members responsible for or with
an interest in developing and managing their project
portfolio(s)
What You Will Learn
- Define the five fundamental components of the enterprise
level project portfolio management process(PPM)
- Identify the components of PPM, including information
requirements, principle performers and the relationship
among the major activities
- Relate the principles of enterprise –level portfolio
management to business strategy and organizational
performance
- Evaluate specific techniques tools and models for
project selection, prioritization resource, management and
portfolio balancing
- Navigate the organizational change that is required to
implement or improve your portfolio management process
- Recognize the benefits and challenges of implementing
portfolio management within the business
Content
Basic Outline of the Course:
Portfolio Management Framework
Portfolio, programs, and project
The enterprise project management framework
Business and project success
The spiral project portfolio management model
Defining the Portfolio Management
Process
The project portfolio management process
Portfolio management models (PMM)
Enterprise-focused process models
PMM process using the UPMM model
Managing multiple projects within the PPM process
Applying Business Strategy to the
Portfolio
Business strategy and project portfolio management
Using a business case to iterate and refine project and portfolio
scope
Portfolio management and ongoing business operations
Project selection based upon business drivers and strategy.
Project toll-gating activities
Organizational Factors and Influences
Organizational change
Organizational environment
Key stakeholder roles and responsibilities
The role of the strategic enterprise project management office |
Acquiring the Right Information
Key data elements within an enterprise project portfolio
Types of project portfolio data elements
Measuring portfolio performance
Using checklist to acquire and use portfolio information contents
Analyzing, Balancing and Optimizing
the Portfolio
A balanced enterprise-level project portfolio
Numeric and non-numeric approaches to portfolio project selection
and scoring
Analyzing portfolio contents within the constraints of the business
Three typical portfolio categorization schemes
Survey of Enterprise PPM Tools
Why use PPM tools?
The three levels of tools
Effective selection and use
Available tools and product suites
Applying Portfolio Management
Creating a project portfolio
Refining the portfolio contents
Root cause analysis
Managing resistance to change
Recap & Closing |
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