Project management is moving into a new realm. Never before has this discipline encompassed the area of strategic and business objectives. This presentation will focus on the business case for portfolio management and the basis for an organization's desire to bridge the gap between its strategic objectives and the discipline of project management. The presentation will address practical processes and tools that are being used to help organizations align their projects to their strategic objectives. An in-depth case study is used as a group exercise to demonstrate the concepts, techniques and software that can be applied to organizations desiring to develop a project portfolio that is directly tied to their corporate objectives. Concepts and information obtained in this seminar will be useful in helping you lay a strategy for the future of your organization.
A Guide to the Project Management Body of Knowledge (PMBOK® Guide) areas covered: Project Integration Management and Project Risk Management
Who should attend?
Portfolio directors, directors of project management, CIOs and others involved in setting the strategic direction of organizations. Individuals involved in executing the processes for developing the project portfolio will also benefit from this seminar.
How you will benefit
Develop and enhance the contributions you make to your organization by being able to:
- Better align projects to key business objectives
- Identify and apply key metrics for prioritizing projects
- Recognize the need to balance projects in order to minimize risk
- Increase the value to your organization
- Learn to describe the value of PM in terms of the business enterprise and corporate strategy
- Achieve the optimal project portfolio
- Apply the portfolio management methodology to your organization
Your seminar experience will cover
- Define common strategic business objectives;
- Define the criteria for making sound decisions about which projects to work on
- Identify the key processes required for developing a strategically aligned project portfolio
- Categorize projects by portfolio types
- Compare and rank business objectives against each other
- Score and prioritize projects
- Demonstrate how the value of the project portfolio is maximized
- Balance the risk/reward potential in developing the project portfolio
- Use portfolio management review tools to select projects and review the ongoing health of the portfolio
- Modify the project portfolio based on project and portfolio metrics
Instructional Methods
Lecture, discussion, group activities using detailed case study.
