Project Portfolio Management

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
Our organization has been approved by PMI® to issue professional development units for these training courses.

Day 1: Developing a effective project portfolio management process

  • Understanding the business reasons for a project portfolio
  • Developing an overall process for portfolio and or program management
  • Understanding the roles of project, program and portfolio manager
  • Working with three main components
  • An executive governance board
  • Stakeholder management
  • Benefits realization

Day 2: Practicing project portfolio management

  • Integrating projects with organizational strategic initiatives
  • Structuring multiple project portfolio levels
  • Working through the various steps within the portfolio management process
  • Preparing progress reports for key stakeholders
  • Communicating and working with executives regarding a portfolio or program

Barbara Schrage

Barbara A. Schrage, PMP®, has over 20 years of experience in various aspects of project management, ranging from managing large, cross-functional product development projects to heading a centralized PMO in a Fortune 500 financial services organization. As leader of the PMO, she was accountable for project portfolio management, project prioritization, project approvals, methodology and project metrics. She has also mentored and developed leadership skills in project and program managers. Shrage currently provides consulting on the implementation of project portfolio management and teaches corporate project management courses.

Enroll: Project Portfolio Management

Back to Back Discount Question Mark

Special Offer!

Register at the same time for BOTH offerings and enjoy a discount. Discount will be shown on your registration confirmation invoice received in the postal mail.

Project Portfolio Management (#5712)ANDManaging Project Risks (#5711)
11/3/2014 - 11/7/2014
Combine to SAVE $500
$3890 $3390 Add to Cart
Defining and Managing Business Requirements (#5388)ANDProject Portfolio Management (#5720)
6/8/2015 - 6/12/2015
Combine to SAVE $500
$3890 $3390 Add to Cart

Individual Sessions

11/6/2014 - 11/7/2014
(#5712)
$1695 Add to Cart
6/8/2015 - 6/9/2015
(#5720)
$1695 Add to Cart