Financial Aspects of Project Portfolio Management

The Challenge
Project Portfolio Management (PfM) is known for helping organizations choose and fund projects that will help fulfill Business Strategy. In that sense, the impact of PfM on an organization's financial results is clear. But there are many other financial aspects to PfM, to the point where, on close examination, PfM appears to be more of a financial function than a project management one. If this is not well understood, how are organizations to take advantage of this important aspect of PfM?

The Solution
Project Portfolio Management (PfM) is one of the most powerful business processes that any organization can implement today. Because it ties business strategy to governance process and project investment, PfM requires mastery of many disciplines, including some that are inherently financial in nature. This management workshop examines several financial aspects of PfM and helps the audience understand just how fundamental this process is to both the immediate and long-term health of any enterprise.

Who should attend
This portfolio 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 Project Portfolio Management (PfM)
How PfM impacts attainment of Strategic Objectives
Financial role of the Project Portfolio Management Manager/Team
Portfolio definition as a financial exercise
How Project Portfolio Management can support the CFO
Why Project Success is not enough
How budgeting impacts selection of the right projects
Why effective estimation is important to PfM
Using the uncertainty in project cost estimates as a planning tool
Reestimation at Phase Gates
Contingency and Management Reserve - cost of being prepared
Impact of portfolio rebalance on financial forecasts
Planning for and measuring Business Value

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 Participant 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?

Financial Aspects of Project Portfolio Management presents unique insights into the financial impact of PfM. Attendees should be able to make immediate use of the practical steps presented in this workshop.
Take this management training and learn what you can do to ensure that your PfM process fully supports your organization's financial function.
Learn what you can do to enhance the value that PfM delivers to your enterprise.

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: 7032
Duration: Half Day
Class size: 6 or more
Includes:
· PMP® certified instruction
· Participant Guide
· Participation Certificate
· 4 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.