Project Portfolio Management

Overview:

Introduction:

This training program helps organizations prioritize the right projects, maximize return on investment, and achieve strategic goals. It  empowers them to make informed decisions and drive organizational success.

Program Objectives:

At the end of this program, participants will be able to:

• Effectively apply PPM frameworks and methodologies to select, prioritize, and manage projects aligned with organizational strategy.

• Utilize tools and techniques for portfolio balancing, resource allocation, and risk management.

• Develop and implement a project portfolio management plan to ensure efficient project execution and monitor performance for portfolio alignment.

• Communicate portfolio decisions and risks effectively to stakeholders at all levels.

• Measure and track key performance indicators (KPIs) to assess portfolio performance and identify opportunities for improvement.

• Develop a continuous improvement plan for PPM practices to optimize project selection, resource allocation, and overall portfolio success.

Targeted Audience:

• Project Managers.

• Program Managers.

• Portfolio Managers.

• Business Analysts.

• Executives involved in project selection.

Program Outline:

Unit 1:

Foundations of Project Portfolio Management (PPM):

• Define PPM and its core principles.

• Differentiate between projects, programs, and portfolios.

• Explore the benefits and challenges of implementing PPM.

• Identify key stakeholders involved in PPM processes.

• Discuss the alignment of PPM with organizational strategy.

Unit 2:

Strategic Portfolio Selection and Prioritization:

• Develop criteria for project selection and prioritization.

• Apply various portfolio management frameworks (MoP, Balanced Scorecard).

• Analyze project proposals for strategic alignment and risk assessment.

• Utilize tools and techniques for portfolio balancing.

• Communicate portfolio decisions to stakeholders.

Unit 3:

Project Portfolio Management Processes:

• Define the stages of the PPM lifecycle (initiation, selection, execution, monitoring & control).

• Implement project portfolio management tools and software.

• Develop a project portfolio management plan.

• Manage resource allocation across projects within the portfolio.

• Monitor and control project performance for portfolio alignment.

Unit 4:

Risk Management in Project Portfolios:

• Identify and assess risks across the project portfolio.

• Develop mitigation strategies for portfolio-level risks.

• Integrate risk management processes into PPM practices.

• Utilize risk management tools for portfolio analysis.

• Effectively communicate risks and mitigation plans.

Unit 5:

Optimizing Project Portfolio Performance:

• Implement portfolio governance structures and reporting processes.

• Measure and track key performance indicators (KPIs) for portfolio success.

• Conduct portfolio audits and evaluations to identify improvement opportunities.

• Develop a continuous improvement plan for PPM practices.

• Leverage lessons learned to enhance future portfolio decisions.