Project Portfolio Management:  What Every Project Manager Must Know

Length: 2 days
PDUs:  14
PMI Activity ID#: 000431



Prerequisites
This course does not require any prior project training or special knowledge of project management concepts, although a basic understanding is helpful for some of the exercises.

Who Should Attend
This course is ideal for new Portfolio Managers; anyone who uses projects to execute Business Strategy; CEO, CFO, CIO, other Senior Executives; PMO Directors; Functional Managers and Executives with project responsibility; and anyone who is considering implementing formal Project Portfolio Management.

The Challenge
Project Portfolio Management (PPM) is the process behind project selection, funding, oversight and evaluation. It is a business process of some complexity and with many participants. Your organization relies on PPM to select and oversee the projects that execute business strategy. But are you doing this effectively? Are you funding the right projects at the right time? Do your projects deliver the business value you need and expect? If not, it is likely that your organization is not getting the most out of every project dollar.

The Solution
This course explains how to optimize PPM. It describes steps you can take to ensure that only the highest value projects receive funding. Participants review governance options, the details of project selection and the need for measurement of business value. They are shown the ingredients for a project environment that ensures every project is fully supported and given what it needs to succeed. Project Portfolio Management: What Every Project Manager  Must Know shows you how to maximize the return from your project budget. Learning Objectives include:

• Why project success is not enough

• The promise of PPM

• Role of formal project management in PPM

• Steps for improving the PPM process

• The power of a PPM charter

• Role of the Executive Team in PPM

• Primary business processes of PPM

• How to choose the right projects at the right time

• Reporting on portfolio results

• Considerations for formal PPM implementation

Instructor Background:
A certified Project Management Professional, the instructor for this course is highly experienced in all aspects of project management.  As a past member of the Board of Directors for the North Carolina Chapter of the Project Management Institute, he has presented numerous workshops and seminars at PMI events, most recently as the keynote speaker at the Palmetto Chapter Symposium in 2010.  He brings that experience with him into the classroom, and uses an endless supply of stories to bring the concepts of project management alive for his students.  Just in the past few years he has trained hundreds of students in both fundamental and advanced project management topics through delivery of courses and workshops.  His unique take on the central importance of Business Value, human factors and implementation of best practice in project management influences his entire curriculum, which takes students far beyond standard Project Management instruction.

BACK