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Essentials of Project Portfolio Management

Every project is an investment. Effective Project Portfolio Management (PfM) provides guidance on how to best manage an institution's portfolio of project investments. This 1 day course explains what PfM is and provides examples of the processes and governance structures the management team needs for its successful implementation. Emphasis is placed on how to ensure that only the highest value projects receive funding. Essentials of Project Portfolio Management demonstrates how to get the most out of every project dollar.

Topics include:
  • Why successful project delivery is not enough
  • Every project is an investment
  • Four levels of Project Success
  • Optimizing long-term project value
  • The promise of PfM
  • Steps for improving the PfM process
  • Role of the Executive Team in PfM
  • Primary business processes of PfM
  • Choosing the right projects at the right time
  • Reporting on portfolio results
  • Managing the project pipeline for optimal value
Who should attend
The course is ideal for anyone who needs a quick understanding of PfM: Portfolio Managers; anyone who uses projects to execute Business Strategy; CEO, CFO, CIO, other Senior Executives; PMO Directors; Functional Managers and Executives with project responsibility.


This course does not require any special knowledge of project management concepts, although a basic understanding is helpful for some of the exercises.

Course Outline

Section 1: Introduction to Project Portfolio Management (PfM)
  • What is PfM?
  • When is formal PfM needed?
  • What Management can Expect form Formal PfM
Section 2: PfM Process Overview
  • Planning to Reach all Four Levels of Project Success
  • Defining the Portfolio
  • PfM Overview - Who does What
  • Maximizing Business Value - Optimizing Strategic Support
  • PfM Governance
  • Introducing formal PfM to your Organization
Section 3: Project Selection
  • The Project Proposal (Project Charter)
  • Project Categorization - Foundation for Funds Allocation
  • Project Valuation - Measuring the Merits of each Project
  • Project Selection: Participants, Approach, and Tools
Section 4: Project Prioritization and Authorization
  • Prioritizing Projects: Recognizing the Best
  • Role of Management
  • Ensuring Projects support Strategy
  • Master Projects Schedule: a Time-phased Delivery of Value
  • Project Prioritization Logic
  • Authorization and Budgeting
  • Managing the Project Pipeline
Section 5: Periodic Reviews and Reporting
  • Defining the Reporting Process
  • Keeping Portfolio Stakeholders Informed
  • Choosing PfM Metrics
  • The PfM Dashboard
Learning Approach
  • A highly experienced instructor will use interactive lecture format, hands-on exercises, team activities, group discussions and other techniques to drive home the essential points of this material.
  • We will build on your prior experience in this topic, while providing you with a structure and vocabulary to use in future projects.
  • If you have modest project portfolio management knowledge, you will find that the clarity of the material and direct presentation style of the instructor will make the subject matter easy to understand.
  • You will receive a Participant Guide which will help you follow the material, take notes and retain what you learned so that you can apply it in the real world.
Why should I take this course?
  • Essentials of Project Portfolio Management presents a quick but thorough review of what PfM is and its impact on an organization. Take home a new understanding of how projects relate to Business Strategy.
  • Take this management training course and learn what you can do to ensure that you choose the right projects at the right time, give them what they need to succeed and reap the benefits of the Business Value that they can deliver.
  • Portfolio Management Training delivers important insights into the project delivery and funding process that are not available in standard Project Management Training. This course is executive training at its best.
Use this courseware to teach your management clients! This course is available under license to qualified Training Providers. Courseware materials include:
  • Instructor slides
  • Instructor manual with timing guide
  • Printed participant guide
  • Train the Trainer instruction
  • Written for classroom or virtual delivery
For more information, see   Courseware-On-Demand or Contact Us

Every course and workshop in our Project Training program is fully customizable. We offer virtual delivery of the training program you need. Call us: +1.919.495.7371.

All of our courses are fully compliant with the latest release of each relevant standards document such as the PMBOK® Guide, Standard for Portfolio Management, BABOK® Guide, and others.
Course Information
Course ID: 1015
Duration: 1 day
Delivery: Virtual or onsite
Class size: 6 - 20
· PMP® certified instruction
· Participant Guide
· Participation Certificate
· 7 PDUs
  Tech:3 Lead:2 Strat:2

Download this course description as a printable PDF document.

Pricing Information
On-site discounts are available.

Ready to enroll?
Call 1-800-877-8129
(+1 919-495-7371)

Questions?  Please feel free to Contact Us

Training Providers:
License this courseware!

For for more information, call:
  800-877-8129 or
  (+1 919-495-7371)
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