Duration
2 days
Overview
This course is designed specifically for project management professionals and those involved in portfolio management. The assumption made here is that project management professionals here could mean experienced project managers, PMO and experienced project leads project team members with minimum 10 years project experience. Those involved in portfolio management could mean non-certified portfolio managers or senior level management positions. These professionals work with project stakeholders in a project and business environment. It is also assumed that these professionals may have a lot of experience in project and program management principles or practices as they may be working in project, program and business environments for a many years.
Therefore, the main purpose of this course is to provide a structured detailed working understanding to these professionals regarding internationally recognized good portfolio management principles, key concepts and best practices and how these work in tandem with the performing organization and project teams to maximize business strategic value. Course content is based on the internationally recognized Standard for Portfolio Management by PMI (Project Management Institute).
Course Objectives
At the end of the course, participants will:
- Understand the definition of portfolio management and introduction to portfolio management in alignment with the Standards for Portfolio Management by PMI.
- Have a functional understanding of portfolio management overview and organization and its strategic alignment/value to the performing organization.
- Have a more detailed functional familiarity of the 5 portfolio management domains according to PMIs Standards for Portfolio Management.
Module 1 Introduction
- Introduce the Trainer and Welcome the participants
- Break the ice and be comfortable with one and another
- Highlight any administrative information
- Gain feedback/consensus on expectations
- Introduce the Course Objectives and provide an
- Overview about Portfolio Management
Module 2 Definitions and Overview
- Provide more clarity on the definition, purpose and working understanding of portfolio management and its components
- Describe the relationship between project, program and portfolio
- Identify the potential business value to be derived by proper portfolio management
- Identify roles and responsibilities involved in portfolio management
Module 3 Principles and Key Concepts
- Portfolio management overview and organization
- Portfolio management process groups
Module 4 Portfolio Management Domains (Detailed Description)
- Portfolio Strategic Management
- Strategic plan development
- Charter
- Roadmap
- Managing strategic changes
- Portfolio Governance Management
- Develop portfolio management plan
- Define portfolio
- Optimize portfolio
- Authorize portfolio
- Portfolio Performance Management
- Develop portfolio performance management plan
- Manage supply and demand
- Manage portfolio value
- Portfolio Communication Management
- Portfolio communication management plan
- Manage portfolio information
- Portfolio Risk Management
- Develop portfolio risk management plan
- Manage portfolio risks
Course Benefits
Participants will be able to better understand the workings of portfolio management and utilize Portfolio Management Key Concepts to be in a better position to support project environments and the business better. The organization will also begin to see better alignment, standardization and consistency towards more effective management of projects, portfolios and key stakeholder expectations.
Programme scope, delivery arrangements and suitability are confirmed during enquiry.