INTRODUCTION
An organization might have more than one project running together at the same time. Project Managers need to properly assess both expected and potential impacts on other projects within their portfolio. They need to know whether it might have an impact on other projects, and how to get it in without affecting them. In this course, participants will explore ways to run multiple projects by means of portfolio management.
PROGRAM OBJECTIVES
- Ensuring continuous success and executive support
- Selecting and prioritizing projects that align with strategic objectives
- Maximizing profit while minimizing risks
- Identifying high profile projects, accounts and customers
- Determining the best way to invest in resources, technology and other assets
WHO SHOULD ATTEND?
- Executives
- Project Managers
- Team Members
- Stakeholders
PROGRAM OUTLINE
- Overview of a Portfolio
- What is Portfolio Management?
- Benefits of PPM
- Project Portfolio Management vs. Project Management
- Elements of a good PPM process
- Basic portfolio information
- Creating a portfolio
- Creating and initiating planning cycles
- Collecting projects
- Possible scenarios
- Strategic alignment metrics
- Portfolio organization hierarchy
- The roles of Portfolio Analyst, Portfolio Approver and Portfolio Owner
- Examples of Project Portfolio Management software
- Tools for Project Portfolio Management
- Project selection methods
- Organizational maturity models
- Portfolio optimization
- Common PPM applications
- Managing risks within PPM
- Decision tree analysis
- Cost efficiency
- Project performance standards
- Performance measures of the organization’s projects
