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Private - Best Practices in Portfolio Management (1 Day)
About course

While project management is about doing projects right, portfolio management is about doing the right projects. This course will explain how an organization develops a vision, mission and strategy, which then results in a portfolio of projects to meet strategic business objectives. The relationship among portfolio, program and project management will be explored, along with the link between portfolio management and operations management. Quantitative portfolio management metrics will also be covered.

Roles and responsibilities of people involved with portfolio management will be discussed. Portfolio management processes will be reviewed including how projects are evaluated and selected; and monitoring and controlling the portfolio. Best practices for portfolio governance will be explained, along with effective techniques for portfolio risk management. This course will also explain how to prepare a high-level business case for portfolio projects ranking, and will cover key business case terminology and formulas including net present value, internal rate of return and payback period. Attendees will participate in a group exercise to decide on the project portfolio based on a company’s mission, vision and strategic plans.

Who should attend

This course is designed for anybody involved with managing a portfolio of projects including Portfolio Managers, Executive Review Board members, Portfolio Management Board members, Project Sponsors, Operations Management, Program Managers and Project Managers. Project Management Professional (PMP)® certification is suggested but is not a prerequisite to this course.

Course features

Through instruction, dialog and real-world examples and exercises drawing from the experience of the instructor, upon completion of this course you will:

  • Understand the basic definitions, knowledge areas and processes associated with portfolio management
  • Understand the relationship among portfolio, program and project management
  • Know how to prepare a high-level business case for portfolio projects ranking
  • Understand the roles and responsibilities for portfolio management
Course outline

Portfolio Management Explained

  • Definition of a portfolio
  • Portfolio management lifecycle
  • Relationship of portfolio to programs and projects
  • Strategy and investment alignment
  • Organizational structures for portfolio management
  • Portfolio stakeholder roles and responsibilities

Portfolio Management Processes

  • Aligning processes
  • Monitoring and controlling processes

Portfolio Governance

  • Identifying potential projects
  • Developing high-level project plans
  • Preparing a high-level business case
  • Categorizing potential projects
  • Prioritizing projects portfolio using scoring models
  • Balancing the portfolio
  • Reporting portfolio performance using metrics
  • Monitoring business strategy changes
  • Dealing with the portfolio ‘churn rate’

Portfolio Risk Management

  • Determining the risk level of the portfolio
  • Identifying and analyzing portfolio risks
  • Developing portfolio risk responses
  • Monitoring and controlling portfolio risks
  • Program financial framework
Course information
Duration: 7 hours
Earn: 7 PDUs
Delivery Method: Virtual or Traditional Classroom
Knowledge areas addressed

This course addresses the Aligning and Monitoring and Controlling Process groups, along with the knowledge areas of Portfolio Governance and Portfolio Risk Management as covered in the Project Management Institute (PMI)® The Standard for Portfolio Management®, Second Edition.