Duration: 4 Days
In this course, you will learn what it takes to maximize the number and strategic value of the projects that your organization completes. This course is designed for anyone involved in the development and execution of organizational strategy. This course is not recommended if you have taken IT Risk Management.
What You Will Learn
- Differentiate project portfolio management from other
management disciplines
- Relate projects to an organization's
strategic objectives
- Explain what is involved in project
prioritization in large, complex organizations
- Develop and
apply a project prioritization model that incorporates the many and varied
aspects of project value
- Prioritize projects on the basis of
their strategic value
- Schedule projects on the basis of
strategic priorities so as to maximize the benefits derived from an
organization's ability to complete projects
- Maximize the volume
of projects that can be completed by developing defensive capacity of
non-limiting resources
- Maximize the value of projects that are
completed by ensuring the right projects are being completed in the right order
- Simplify the portfolio management process by focusing management
attention on the bottlenecks to project completion
- Relate
portfolio management success to the contribution made by the Project Management
Office
Audience
- Senior executives
responsible for organizational strategy
- Managers responsible
for developing organizational strategy or for making strategic recommendations
- Portfolio managers, project managers, and program managers
- Members of portfolio, program, or project offices
- Operational
managers who are impacted or impact portfolios
- Project team
members, customers, and other stakeholders of the portfolio management process
Prerequistes
Course Outline
1. Portfolio Management Foundations
- Organizational Project Management
- Portfolio Management
and Organizational Strategy
- Roles and Responsibilities of
a Portfolio Manager
- PMI View of Portfolio Management
2. Project Success and Portfolio Management
- Role of Portfolio Management in Project Success
- Effective Portfolio Management
3. Executive
Involvement in Portfolio Management
- Executive Involvement
- Capacity Management
4. Strategic
Alignment
- Value Considerations
- Project Prioritization
5. Considerations Other than
Strategic Alignment
6. Metrics
7.
Project Portfolio Management Complications
8. Role of
the Project Management Office
Hands-on Exercises:
- Terminology
- Efficiency of
Multitasking
- Strategic
Priorities and Conflicts
- Limiting Resources
- Organizational Constraints
- Strategic Assets
- Conduct a
Strategic Evaluation
- Develop a Preliminary Prioritization Model
- Improve a Project Valuation Model
- Perform a Project Analysis
- Prioritize Projects
Course Labs
