International Institute for Learning, Inc.
Project Management Advanced Courses
Project Portfolio Management
How to Increase the Return on Your Organization's
Project Management Investment
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Traditional Classroom
Course No.:
Duration:
Credits:
8108
2 Days
14 PDUs / 1.4 CEUs
Virtual Classroom / On-Demand Learning
Course No.:
Duration:
Credits:
8862
Four 3-hour sessions
12 PDUs / 1.2 CEUs
Prerequisites:

We recommend that you have between three to five years of project management experience.

Course Level: Intermediate/Advanced
 
 

About the Program
This workshop defines the strategy, processes, information, analysis and deliverables of an effective portfolio management approach. You will learn how to proactively identify, select, de-select and nurture a balanced and desirable mix of projects. Effective portfolio management improves the multi-project flow through the organization (speed and quality) 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 organizational or enterprise level project portfolio management (PPM) based upon the organization’s strategic business goals.

Who Should Attend

  • People who support portfolio management decision-making processes for the selection and prioritization of projects
  • Project Management Office (PMO) team members responsible for or with an interest in developing and managing their project portfolio(s)

Performance Focus

  • Defining the objectives of PPM and the project portfolio process
  • Strategic planning as it relates to portfolio management
  • Linking the project portfolio with the resource portfolio and the asset portfolio
  • Prioritizing projects, improving project flow and ROI
  • Managing resource pools and the strategic resource(s)
  • Avoiding the trap of becoming too involved in the details
  • Defining and facilitating the roles and responsibilities of the PMO, executives and others

What You Will Learn
You’ll learn how to:

  • Define the fundamental components of the PPM process
  • Identify the components of PPM, including information requirements, principle performers and the relationship among the major activities
  • Relate the principles of PPM to organizational strategy and organizational performance
  • Evaluate specific techniques, tools and models for defining the portfolio, aligning the portfolio and authorizing and controlling the portfolio
  • 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

Course Overview

Getting Started

  • Introductions
  • Course structure
  • Course goals and objectives

Portfolio Management Framework

  • Portfolios, programs, and projects
  • A closer look at portfolio management
  • Why portfolio management is important 
  • The enterprise portfolio management model

Defining the Portfolio Management Process

  • The portfolio management process
  • Portfolio management  process model  
  • Portfolio management process steps
  • Challenges of multi-project management

Portfolio Strategic Management

  • What is organizational/business strategy?
  • Stepping through a strategic decision
  • Implementing organizational/business strategy using PPM
  • Managing strategic change using PPM

Portfolio Governance Management

  • Define the portfolio
  • Optimize the portfolio
  • Authorize the portfolio
  • Perform a portfolio oversight

Portfolio Performance Management

  • Key portfolio data elements
  • Assigning strategic resources
  • Measuring portfolio performance
  • Ensuring portfolio value to the business

Portfolio Communications Management

  • Key portfolio roles and responsibilities
  • Managing different stakeholder perspectives
  • Effective portfolio communications
  • Managing portfolio information

Portfolio Risk Management

  • Plan for portfolio risks
  • Proactively identify and prioritize portfolio risks
  • Prevent portfolio risks
  • Respond and report on portfolio risks

Applying Portfolio Management

  • Creating a project portfolio
  • Refining the portfolio contents
  • Root cause analysis
  • Managing resistance to change

Summary

  • What did we learn, and how can we implement this in our work environments?
 
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