Course description
Portfolio Management Skills: In-House Training
The main purpose of this workshop is to equip and enable people in a portfolio management office and PMO to effectively and efficiently support the Executive Leadership and Operational Management to plan, implement, manage, and evolve portfolio management in their organization. There is a deliberate focus on preparing you to become a strong and effective change advocate for meaningful portfolio management that delivers objective measurements of benefit contribution towards the strategic objectives to lead, manage, and continuously improve portfolio management governance, processes, and frameworks with and through the direction of a portfolio practice, principles, and delivery boards.
Upcoming start dates
Suitability - Who should attend?
Who Should Attend
This course is designed for practicing or newly assigned Portfolio Managers and their teams.
Prerequisites
Experience working in a project and experience working with programs.
Outcome / Qualification etc.
What you Will Learn
At the end of this program, you will be able to:
- Articulate the benefits of portfolio management
- Link the initiatives in an organization with its strategic objectives
- Participate in the introduction of portfolio management in an organization
- Create or improve the portfolio governance structure
- Lead the inventory of ongoing and new initiatives
- Assist the executives in the prioritization of initiatives through the use of Multi-criteria Analysis and other selection tools
- Support the executives in balancing the portfolio based on the optimal use of resources and priorities
- Create a portfolio delivery plan
- Define thresholds and variance reporting criteria
- Assist the executives and the financial team in the definition of Stage Gate Funding
- Lead the Stage Gate reviews
- Analyze the benefits that are being realized by the initiatives
Training Course Content
Foundation Concepts
- Definitions
- Benefits of Portfolio Management
- Objectives of Portfolio Management
- Portfolio Life Cycles
Governing the Portfolio
- Portfolio Governance structure
- Roles and responsibilities
- Initial activities when starting portfolio management
Prioritizing Initiatives
- Prioritize purpose
- Multi-Criteria Analysis
- Analytical Hierarchy Process (AHP)
- Strategic alignment
Balancing the Portfolio
- Allocating resources and budgets
- Communicating decisions of initiatives status
Planning the Portfolio
- Planning review cycles
- Using Stage Gate Funding
- Setting thresholds and variance reporting
- Tool examples
Managing the Portfolio Delivery
- Project and Program Life Cycles
- Stage Gate Reviews
- Loop back to Prioritize, Balance and Plan
- Interaction with the Portfolio Delivery Board
- Project, Program and Functional Managers’ roles and responsibilities
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