Optimize project results by selecting and allocating resources to the right projects
A competitive advantage for organizations now is doing the right projects and making sure that there are resources to complete those projects. Project Portfolio Management (PPM) is a set of business practices and a process that allows organizations to manage projects as a strategic portfolio, ensuring the alignment of programs and projects with organizational objectives. Executives need to regularly review entire portfolios and programs, determine why projects are or are not necessary, see where money is spent, prioritize projects, stage the start of new projects, spread resources appropriately and keep tabs on progress.
Experienced project managers help executives by working with them in developing the mix of projects focused on achieving business initiatives within a program. They also help executives to manage one of the multiple parts of the organization’s project portfolio, secure vital resources resolving resource contentions and provide accurate progress status reports so the right decisions can be made to optimize the return on investments from projects in a program or portfolio.
During the course, you will learn about using appropriate project selection criteria, prioritizing projects, preventing "problem projects" from making it into a program or portfolio and determining when to terminate an existing project from either a program or a portfolio. You will learn about managing stakeholder expectations, coordinating multiple project managers working within a program or portfolio and manage resource conflicts among projects. You will learn how to prepare and communicate executive briefs on the performance of projects at the program or portfolio level and to define, track and report benefits for deliverables.
What are the benefits of this course to your organization?
- Achievement of strategic business objectives through selecting the right projects at the right time
- Better throughput across all projects due to clear priorities, a clear understanding of resource capacity and the right staging of projects within a program and or a portfolio
- Improvement of decision making about individual projects by using a project portfolio context
- Linking projects to various financial facets and increasing focus on accountability
Who should attend
- Experienced project managers who want advance their career
- Program managers
- PMO directors
Why should experienced project managers attend this course?
- Advance their project management career from project manager to program manager and, eventually, project portfolio manager
- Improve their business knowledge and skills
- Learn how to manage stakeholders effectively
- Improve project management maturity in their organizations by building (or improving) project, program and portfolio management processes
This course is PMI certified.