Expected learning outcomes
Organize a large scope of work into an effective program.
Follow a systematic approach for establishing and managing a program.
Effectively manage risk in a program.
Ensure that the critical success factors are in place for a program or portfolio.
Match the portfolio to the strategic needs of the organization.
Prioritize the projects within the portfolio.
Shift the portfolio in a changing environment.
Course modules and outline
Program and Portfolio Concepts
- Defining project, program and portfolio management
- Contrasting the relationship between projects, programs and portfolio
- Benefits of these concepts
- Factors for success in program management
- Factors for success in portfolio management
Program Management Life Cycle
- Typical program management life cycle overview
- Phase gate process
- Pre-program preparations
- Program initiation
- Program charter
Program Set-Up
- Program management planning
- Detailed planning process steps
- Key stakeholder identification
- Program scope
- Program governance
- Program organizational structure
- Program infrastructure development
- Program architecture development
- Program work breakdown structure development
- Program schedule development
- Program risk management
Delivery of Program Benefits and Program Closure
- Authorize and monitor projects
- Communication and coordination
- Change management
- Performance measurements
- Escalation actions
- Program closure
Portfolio Management Overview
- Benefits of portfolio management
- Requirements for project portfolio management
- Introduction to the project portfolio management process groups
- Key stakeholders in portfolio management
Portfolio Component Selection
- Strategic Plan
- Identify portfolio components
- Categorize components
- Evaluate components
- Pair-wise comparison
- Two criterion comparison grid
- Scoring models
- Select components
Balancing the Portfolio
- Portfolio risk management
- Prioritize components
- Balancing the portfolio
- Probability analysis
- Graphical methods
- Communicate portfolio adjustment
- Authorize components
Monitoring and Controlling the Portfolio
- Monitor and control portfolio risks
- Review and report portfolio performance
- Monitor business strategy changes
Who should attend?
PMO directors; Program directors; Program managers; Senior project managers
Key course benefits
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