Introduction

Project Portfolio Management (PPM) is a vital discipline in achieving strategic objectives by selecting and managing a portfolio of projects and programs that align with an organization’s goals. This course provides an in-depth understanding of PPM principles, helping professionals optimize resource allocation, enhance project selection, and improve overall business performance.

Objectives

• Understand the core components and benefits of Project Portfolio Management.
• Learn to align projects with business strategy and organizational goals.
• Develop skills to effectively manage and prioritize a portfolio of projects.
• Gain expertise in risk management and resource optimization within a portfolio context.
• Utilize tools and techniques to measure and analyze the performance of a project portfolio.

Course Outlines

Day 1: Introduction to Project Portfolio Management

• Understanding the fundamentals of PPM
• The role of PPM in organizational strategy
• Difference between project, program, and portfolio management
• Key components of effective PPM
• Case studies on successful PPM implementation

Day 2: Aligning Portfolio with Organizational Strategy

• Strategic planning and portfolio alignment
• Defining portfolio objectives and success criteria
• Identifying and evaluating potential projects
• Balancing portfolio structure to achieve strategic objectives
• Stakeholder engagement and communication strategies

Day 3: Portfolio Prioritization and Selection

• Developing prioritization criteria
• Techniques for project evaluation and selection
• Balancing risk versus reward
• Resource allocation and constraint management
• Tools and software for portfolio management

Day 4: Managing and Optimizing the Portfolio

• Monitoring and controlling portfolio performance
• Risk management strategies in PPM
• Change management within portfolio management
• Efficient resource management and allocation
• Continuously improving portfolio outcomes

Day 5: Measuring Portfolio Success and Future Trends

• Key performance indicators (KPIs) for PPM
• Methods to track and report portfolio performance
• Case studies on measuring portfolio success
• Emerging trends in project portfolio management
• Final project presentation and feedback session