Course H: Managing the corporate project portfolios
By developing and implementing a portfolio management systems
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Course Vision
The share of activities being carried out on a project basis in corporations is increasing In large organisations. There are sometimes hundreds or even thousands of projects being carried out simultaneously. At a certain stage, there is a need for taking stock of all current projects and mapping out, for example, how much of the capacity is occupied by the project activities and what kind of investment budget is required.Methodologies to prioritize projects are becoming extremely important – and the need to control on-going projects is increasing.This means that management has to change its focus when developing a new management system and governance model. One’s effort on these issues depends on the answer to the following question: What is the value of projects to your company?The vision of this course is to support you in:
- Assessing the maturity of the Project Portfolio Management in your own company.
- Developing a new management system for handling the Project Portfolio.
Training methods
During the course, we will alternate between plenary sessions with trainer input and selected real-life cases presented by trainers, guest speakers and participants.
In group sessions we develop real solutions and procedures for Portfolio Management.
Training objectives
As a participant you will learn to:
- Understand Project Portfolio Management (PPM)
Estimate the value of projects and the need for PPM efforts. Determine the prerequisites of a functioning PPM system. Know the developing steps and key elements.
- Develop a single project model that supports an effective PPM
The importance of decision points (gate model) and decision points needed from the PPM point of view. The minimum management effort and quality level needed for single PM.
- Develop the PPM model and methodologies
Prerequisites to prioritise projects. Estimating the resources needed to implement the selected projects. Reporting system needed and recommended.
- Describe and measure the business benefits
Present information in a way that is needed from the PPM point of view. Use different methodologies to compare projects. Utilising the “balanced scorecard” principle.
- Build PPM Processes as a part of corporate management system
The roles and responsibilities in PPM. The role and way of working of a PPM Board and a Project Management office. How to support the PPM process by IT systems.
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