Project Portfolio Management

The challenge in many organizations is that there is an overabundance of projects, including some with low business value, and limited resources to work on them.

Starting too many concurrent projects without any consideration to monetary and resource capacity causes individual projects to take longer than planned, resulting in higher costs and less overall throughput.

Effective project portfolio management uses business value to prioritize the best mix of projects, within resource constraints, that achieve organizational and business strategies. This also requires a strong foundation of successful planning and execution of individual projects and programs.

This program will help you mature your project management practices to program and/or portfolio management. It includes an overview of the differences between managing an individual project, a program, and a portfolio.

You will experience prioritizing projects within a program to ensure achievement of the program’s benefits. Various prioritization criteria, scoring models, and metrics to determine the right mix of projects will be shared to help you establish your organization’s portfolio.

You will learn techniques of how to assess the portfolio against resource supply. Besides prioritization, we also cover rebalancing and measurement of the portfolio, dashboard reporting, stakeholder management, and governance.

When the portfolio contains the right mix of projects, with the greatest business value to the organization, it results in optimization of resources with clear priorities.

Integrating resource capacity to the portfolio leads to increased throughput of more projects getting completed and more benefits realized. Organizations that adopt these practices create a competitive advantage opportunity.

Benefits

• Achieve strategic business objectives and program benefits by prioritizing and selecting the projects that deliver the greatest business value to the organization

• Develop meaningful reports that share transparency into which prioritized projects are included in the program and/or portfolio, including cost, benefits, and resource utilization

• Gain better throughput across all projects through clear priorities, a clear understanding of resource capacity, and the right pacing of projects within a program or portfolio

• Improve decision making within individual projects by using a program and/or portfolio context

• Engage leaders within the appropriate governance structure and processes to ensure ongoing engagement and decision making for programs and portfolios

• Develop strategies to gain alignment from stakeholders on your program, portfolio, or your plans to mature any aspect of project, program, or portfolio management within your organization

Who Should Attend

• Experienced project managers who want to advance their careers

• Program managers

• PMO directors

• CIOs

• Business leaders responsible for the strategic selection of projects