Seven Ways to Energize Project Portfolio Management

The Challenge
Every enterprise invests resources (money; time) in projects and every enterprise has a process through which those projects are selected and funded. But where did that process come from? Does it serve the best interests of the enterprise? Are all funded projects fully aligned with current Business Strategies? Are the cost, return and risk known for every project? Is there a process for terminating projects that are failing or for which there is no longer need?

The Solution
Project Portfolio Management (PPM) is the primary business process that underlies execution of an organization's Business Strategy. It is through PPM that we prioritize, fund, oversee and evaluate our projects. Effective PPM ensures that we do the right projects at the right time, and it helps us to maximize the Business Value that we obtain from each project. This portfolio management workshop explains the purpose and benefits of PPM, and presents seven steps that you can take to make PPM more effective in your organization.

Who should attend
This management workshop will benefit anyone who wants to get the most out of every project dollar: CEO, CFO, COO, CIO, other Senior Executives, PMO Director, Functional Managers and Executives with project responsibility, Portfolio Managers, and anyone who uses projects to execute Business Strategy.

Learning Objectives – Understand the following:

Nature of the project portfolio
The importance of each project investment
Why PPM is critical to any business - impact on the Bottom Line
Importance of management engagement
Implementation of formal PPM is a program
Your PPM process is unique
The Organizational Adoption challenge
Business Value as the basis for project decisions
Optimize investment - Rebalance the portfolio
Seven Steps that managers can take to optimize PPM in their enterprise

Put focus on Business Strategies
Formalize use of a business case and project charter
Develop and use estimates effectively
Establish a formal project prioritization process
Support formal project management for project success
Regularly update project forecasts
Measure Business Value after the project is done

Learning Approach

A highly experienced instructor will use an interactive lecture format, 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.
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 workshop?

Seven Ways to Energize Project Portfolio Management presents a practical approach to implementing PPM in a way that can drive your Business Strategy forward. You should be able to make immediate use of the concepts presented in this workshop.
Engage in this management training and learn what you can do to ensure that your projects support your strategy, and your organization fully supports the success of every project.
Learn what you can do to enhance the Business Value that projects deliver.

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: 1726
Duration: Half Day
Class size: 6 - 40
Includes:
· PMP® certified instruction
· Student Guide
· Participation Certificate
· 3 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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Training Providers:
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(+1 919-495-7371) for more information.