Choosing the Right Projects for the Right Time

The Challenge
Where do your projects come from? Are they carefully examined for alignment with Business Strategy and Return on Investment before funding is allocated, or do projects seem to just appear for reasons that are often not at all apparent? It should be obvious that, insofar as projects represent a major expense for any enterprise, we would do well to consider carefully h our project dollars are spent. But how can we do this effectively?

The Solution
One of the primary principles of Project Portfolio Management is that "Every project is an investment". This view drives us to fund projects purely on their merits, e.g. when they are fully aligned with Business Strategy, and then to fully support them with the resources and structure they need for success. Choosing the right projects at the right time positions the enterprise to make best use of resources. Implementing project best practices helps ensure that those projects deliver their intended Business Value. Using this overall approach serves to boost the ROI of the entire projects portfolio. This one day course presents tools, techniques and best practices that promote objective project selection and improve overall project success rate. Principles taught in this course can be incorporated into the Project Portfolio Management process of any organization. Topics include:

Overview of the PPM Process
How projects support Business Strategy
The Project Selection Process
Project Identification
Project Selection Criteria
Evaluating and Selecting Projects
Project Categorization
Project Prioritization and Funding
Real World PPM

Who should attend
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; teams who will perform project evaluation and selection.

Prerequisites

This course assumes familiarity with basic project management concepts. There is no requirement that attendees complete any specific project management training in advance, but completion of a Project Management overview course is helpful.

Course Outline

Section 1: Introduction to Project Portfolio Management (PPM)
· What is PPM?
· Fundamental PPM concepts
· PPM roles and responsibilities
· Promise of PPM
Section 2: PPM Process Overview
· PPM overview
· PPM linkages
· Roles in PPM
· Organizational influences
· PPM process groups
Section 3: Portfolio Definition
· Definition and Purpose
· Portfolio Definition Process
- Portfolio Overview
- Stakeholders & Governance
- Portfolio Processes
- Authorization
Section 4: Project Identification and Categorization
· Project Identification
· Project Categorization
· Project Size
· Project Register
Section 5: Project Evaluation
· Participants
· Evaluation Process
· Selection Criteria
· Tools and Techniques
· Evaluation Output
Section 6: Project Selection
· Guidelines
· Participants
· Project Selection Logic
· Project Selection Tools
Section 7: Project Prioritization and Authorization
· The Prioritization Process
· Participants
· Project Prioritization Tools
· Project Prioritization Logic
· Authorization and Budgeting

Learning Approach

A highly experienced instructor will use interactive lecture format, numerous 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 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?

Choosing the Right Projects for the Right Time presents a practical approach to implementing PPM in a way that can drive your Business Strategy forward. Take home a clear understanding of what you can do that will make a difference.
Take this management training course and learn what you can do to ensure that you choose the projects that are the best investment 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: 1066
Duration: 1 day
Class size: 6 to 24
Includes:
· PMP® certified instruction
· Student Guide
· Participation Certificate
· Free Templates
· 6.5 PDUs

Download this course description as a printable PDF document.

Pricing Information
On-site discounts are available.

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

Questions? Please feel free to Contact Us

Training Providers:
License this courseware! Call 1-800-877-8129
(+1 919-495-7371) for more information.