Reaching Your Strategic Goals: Getting the Most out of Projects

The Challenge
Defining and setting business goals is only the first step. Of real concern to all is exactly how we will meet these goals. There are many possible approaches, but execution of strategic and tactical projects is virtually always a primary means. We all know that selection of the right projects and their successful outcome is critical to business success. But how can this be accomplished on a regular basis?

The Solution
Project Portfolio Management (PPM) is the set of processes that underlies the selection and oversight of your organization's projects. It is a primary determinant of how much value you receive for each project dollar. The Project Management Office (PMO) can have a dramatic impact on the effectiveness of project execution by promoting effective project management process and ensuring that projects receive much needed oversight and support. Studies have now shown that formal project management practice, when properly implemented and supported, is a primary determinant of consistent project success. Reaching Your Strategic Goals: Getting the Most out of Projects explores the core principles and best practices that make PPM and the PMO powerful drivers for the attainment of business strategy. Topics include:

The promise of PPM
Why project success is not enough
Primary business processes of PPM
Choosing the right projects at the right time
Tracking Business Value
Making PPM more effective
Role of the PMO
PMO start-up
PMO Best Practices
Reasons for project failure and success
Impact of formal project management
Impact of good Project Stewardship
Organizational Adoption
Bringing it all together

Who should attend
This course will be of value to Portfolio Managers; anyone who uses projects to execute Business Strategy; anyone who is planning on implementing portfolio management software; CEO, CFO, CIO, other Senior Executives; PMO Directors; Functional Managers and Executives with project responsibility.

Prerequisites

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

Course Outline

Day 1

What we all know – Project Success is the Key to Business Success
Question what you know: There is more to Project Management that the PMBOK®
Why project success is not enough
The promise of PPM
Five primary goals of PPM
Primary business processes of PPM
Choosing the right projects at the right time
Tracking Business Value
Making PPM more effective
Aligning projects with Strategy
Delivering business benefits, not just projects
Why projects fail; Why projects succeed
Impact of Human Factors (HFs) in projects
Seeing the project through a HF lens

Day 2

PMO – Managing People, Process and Tools
Role of the PMO
PMO start-up
PMO Best Practices
Impact of formal project management
Pitfalls and Success factors
The Next Generation PMO
Governance
Impact of good Project Stewardship
Bringing it all together

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 all of your future projects.
If you have modest project 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 Student Guide which will help you follow the material, take notes and retain what you learned so that you can apply it on your job.

Why should I take this course?

Reaching Your Strategic Goals: Getting the Most out of Projects presents a practical framework for improving PPM and aligning the PMO with PPM best practices. Doing this can have a dramatic impact on your ability to drive your Business Strategy forward.
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 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.

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: 1022
Duration: 2 days
Class size: 6 - 24
Includes:
· PMP® certified instruction
· Student Guide
· Participation Certificate
· 12 PDUs

Download this course description as a printable PDF document.

Pricing Information
On-site discounts are available.

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Fill out the Training Request Form online or call 1-800-877-8129
(+1 919-495-7371)

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(+1 919-495-7371) for more information.