INTRODUCTION
As organizations reach higher levels of maturity in managing projects individually, they shift their focus to managing them collectively as a project portfolio. This transition seems to occur when you realize that projects are investments not expenditures requiring justification that they are aligned with organizational goals and will create value for the owners and other stakeholders of the organization.
Managing project investments collectively brings coherence to implementing the strategic as well as operational initiatives and helps the organization create sustainable value in the long run.
This course offers tools, techniques, and best practices for managing project portfolios. It presents a how to methodology to design, build, and manage a portfolio.
OBJECTIVES
Upon completion of this Project Portfolio Management: How to Design, Build and Manage a Project Portfolio course, you will be able to:
Understand the role of a project portfolio in translating strategy into desired results.
Align projects with organizational goals and strategy.
Establish project and portfolio governance structure.
Develop key design requirements of a balanced portfolio.
Monitor and control portfolio performance.
Employ various techniques to prioritize projects.
Allocate resources most efficiently to competing project and operational demands.
Analyze and manage portfolio risks.
Apply quantitative techniques to evaluate a project for its own merit as well as its relative merit against other projects.
Use weighted scoring models to quantify intangible benefits of projects.
Build a business case for a project.
Identify criteria to terminate a project.
Understand practical challenges and how to overcome them in executing PPM.
Implement a practical methodology to build and manage a project portfolio that will maximize business value and return on investment.
COURSE OUTLINE
Day 1
Portfolio Management Basics and Foundations
Definitions and Differences: Project, Program and Portfolio
Portfolio Triple Constraint
Why Project Portfolio Management?
Practical Challenges in Executing PPM
Organizational Project Management
Portfolio Management and Organizational Strategy
Roles and Responsibilities of a Portfolio Manager
PMI View of Portfolio Management
Day 2
Portfolio Construction Monitoring & Control
Initial Portfolio Creation
Initial Portfolio Calibration
Portfolio Construction Processes
Project Business Plan
Why Terminate a Project?
Sunk Cost Fallacy & Dilemma
Portfolio Balancing
Portfolio Assessment
Portfolio Measurements & Metrics
Success Measurements
Outcome & Performance Measures
Portfolio Metrics
Project Metrics
Project Prioritization
Efficient Frontier
Weighted Scoring Models
Forced Ranking
Paired Comparison
Project Evaluation
Cost of Capital
Measuring Financial Benefits
Measuring Non-financial Benefits
Data Visualization Tools
Day 4
Benchmarking
Desirable properties for benchmarks
Index calculation methodologies
Price weighted indices
Market capitalization indices
Equally weighted indices
Benchmark selection
Benchmark statistics
Day 5
Uncertainty vs. Risk
Portfolio Risks
Decision Trees
Monte-Carlo Simulation
Sensitivity Analysis
Resource Allocation
Rolling Wave Planning
Factors Affecting Resource Availability
Resource Allocation Tools
PMO
IN-HOUSE TRAINING
LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.
DOCUMENTATION
High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
CERTIFICATES
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00AM12:45PM Or 01:00PM - 05:00PM.
REGISTRATION & PAYMENT
Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds. For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
TRAVEL AND TRANSPORT
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
CONTACT INFO
LONDON
Oxford Street, 25 N Row, London W1K 6DJ
+44 20 36 916 970 | +44 20 80 900 464 info@lpcentre.com
DUBAI
Business Bay, ParkLane Tower, Offices 718 - 719
+971 43 88 00 94
dubai.training@lpcentre.com
KUALA LUMPUR
No. 3273 Level 32, Menara Prestige, 1, Jalan Pinang, 50450 Kuala Lumpur +60 19 305 5694
www.lpcentre.com
