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Course Details
Course Description:
The Project Portfolio Management course is a 4-day course that is designed to teach students what it takes to maximize the number and strategic value of the projects that their organization completes. This course is designed for students involved in the development and execution of organizational strategy.
Topics covered in the course include:
- 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
Target Student:This course is designed for the following students:
- 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
Prerequisites: Students should possess the following experience before attending the course:
No prerequisites are required for this course.
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
Please check the course description to find prerequisite information.
Testimonials
This was the class I needed.
The instructor Jeff took his time and made sure we understood each topic before moving to the next. He answered all of our questions, and I don't know about the rest of the students, but was very pleased with this experience.
I finally understand how to use Excel.
-Amanda T (Yale New Haven Hospital).
Great class!
We were able to cover a lot of information in one day without getting overwhelmed.
-Maria R (Microsoft).
Public Class Schedule
Instructor led training is a cost effective and convenient learning platform for busy professionals. Most courses are available at over 300 locations nationwide and Online.
The classes are taught via the RCI method by professionally certified instructors, and are usually limited to 12 or less students. Each student receives a training manual and practice problems, along with a free course retake. Click here to learn more about Instructor Led Training
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We offer private PMI group training services for organizations looking to upskill their team members with a live-instructor.
Training options include:
Learn more about how PMI Private Group Training from Business Computer Skills can help your team.
