Project Portfolio Management Training

This course is appropriate for employees familiar with basic project management concepts who seek to understand the value of managing projects within portfolios, better align their projects to organizational goals, and make best use of resources across the organization.

At the end of this seminar, each participant will be able to:

• Define and distinguish between “project”, “program”, and “portfolio”.
• Explain the relationship between project portfolios and organizational strategy.
• Evaluate current project and portfolio performance.
• Explain how to create and select projects for a portfolio.
• Explain how to support a portfolio within the organization.
• Write a portfolio implementation plan.

• What Is…? (Portfolio Management Definitions and Concepts)
• Linking Portfolios and Organizational Goals
• Defining the Portfolio
• Aligning the Portfolio
• Implementing the Portfolio
• Controlling the Portfolio

There are no prerequisites for this course.

14 PDUs

2 days

Outline of Project Portfolio Management Training 1. Introduction

• Session Overview
• Personal Introductions

2. What Is?... (Portfolio Management Definitions and Concepts)

• Defining “Mission”, “Strategy”, and “Portfolios”
• What's More Important: Managing Supply or Managing Demand?
• Relating Projects, Programs, Portfolios, and Project Management Offices (PMOs)
• Setting and Achieving Project Goals: Project Cost versus Project “Throughput”

3. Linking Portfolios and Organizational Goals

• High-Level Strategic Planning and Organizational Goals
• Analyzing Strengths, Weaknesses, Opportunities and Threats (SWOT)
• From Organizational Strategy to Portfolio Guidance
• Case Study Exercise: Creating a Organizational Strategy

4. Defining the Portfolio

• Do We Need a Portfolio?
• Mapping Current Projects to Strategy
• Who Defines the Portfolio?
• Portfolio Frameworks
• Case Study Exercise: Creating a Portfolio Strategic Plan

5. Aligning the Portfolio

• What's the “Ideal” Project Look Like?
• Project Portfolio Selection Criteria and Models
• Accounting for Project and Organizational Risk
• Case Study Exercise: Project Portfolio Selection

6. Implementing the Portfolio

• Supporting the Portfolio in the Organization
• Project Management Office (PMO) Portfolio Support
• An Eight-Level Project Management Office (PMO) Maturity Model
• Case Study Exercise: PMO Portfolio Support

7. Controlling the Portfolio

• Putting Portfolio Management – and Measurement – in Place
• The “Best” Portfolio Metrics
• Case Study Exercise: Writing a Portfolio Implementation Plan

8. Seminar Wrapup and References