PROJECT MANAGEMENT Training :Guide to Project Portfolio Management Implementation

Guide to Project Portfolio Management Implementation

Overview:

The Challenge
Is your organization planning to install software that automates Project Portfolio Management (PPM)? If so, yours is one of many that realizes the importance of PPM and wants to get the most out of it. This can be a great move, but ONLY if you first optimize your PPM process.

The Solution
PPM is that set of business processes that ties project execution to achievement of business strategy. It is a primary determinant of how much value you receive for each project dollar. In most organizations the overall PPM process is far from optimal. If PPM is not optimized before a project portfolio management system (PPM software) is configured, the resulting software implementation may fail to meet most of its objectives. However, adequate preparation can make PPM software a major win for your enterprise.

This advanced course shows participants how to improve and formalize PPM in their organization. After reviewing the fundamentals of effective PPM, participants evaluate current PPM practice, find ways to make significant improvements and determine the steps needed to reach a higher level of PPM maturity. The end result is that participants are much more likely to have a successful PPM software implementation. Guide to Project Portfolio Management Implementation is exceptionally effective when conducted onsite with your key PPM players participating. The ratio of exercise to lecture is very high with the result that participants actually begin the work of redesigning PPM in their environment. Learning Objectives include:

Reasons for project failure and success

Why project success is not enough

How to leverage People, Process and Tools

The promise of PPM

Role of formal project management in PPM

Steps for improving the PPM process

The power of a PPM project charter

Role of the Management Team in PPM

How to define a Portfolio

Primary business processes of PPM

How to choose the right projects at the right time

How to fund projects effectively

Managing portfolio risk

Managing change in PPM

Reporting on portfolio results

Managing PPM Implementation as a project.

Gaining organizational adoption of your new PPM process

Audience:

This advanced course will be of significant value to portfolio managers; anyone who uses projects to execute Business Strategy; anyone who is planning on implementing portfolio management software; CEO, CFO, CIO, other senior executives; PMO Directors; functional managers and executives with project responsibility.

Prerequisites:

This advanced project management course assumes familiarity with basic project management concepts. There is no requirement that attendees complete any specific project management training in advance of the program, but completion of Project Management Overview for Managers or Foundation in PM for Senior Managers is helpful

Course duration:

4 days

Course Outline:

Day 1

What is PPM?
Fundamental PPM Concepts
Sources of Project Failure and Success
PPM Roles and Responsibilities
Promise of PPM � Delivery of Business Value
People, Process and Tools
The PPM Project Charter
Organizational Impact of PPM

Day 2

Prerequisites of PPM
PPM Process Groups
The PPM Process � Overview
PPM Best Practice
Portfolio Definition Process
Stakeholders & Governance
Project Identification & Categorization
Using the Project Register

Day 3

Evaluating Projects
Selection Criteria & Scoring
Evaluation Tools and Techniques
Importance of Estimates
Project Selection Criteria and Selection Tools
Project Prioritization
How to Fund Projects Effectively
Managing Risks to the Portfolio

Day 4

Managing the Portfolio
Stakeholder Communication
Reporting on Portfolio Results
Managing Change in PPM; Fine Tuning the PPM Process
PPM Implementation as a Program
PPM Milestones
Gaining Organizational Adoption of your new PPM Process

Learning Approach:

A highly experienced instructor will use interactive lecture format, numerous hands on exercises, team activities, group discussions and other techniques to drive home the essential points of this material
We will build on your prior experience in this topic, while providing you with a structure and vocabulary to use during your PPM software implementation.
If you have modest project management knowledge, you will find that the clarity of the material and direct presentation style of the instructor will make the subject matter easy to understand.
You will receive a Student Guide which will help you follow the material, take notes and retain what you learned so that you can apply it on your job.

Why should I take this course?:

Guide to Project Portfolio Management Implementation presents a practical approach to implementation of PPM software. Take home a whole new set of tools and techniques.
Take this course and learn what you can do to ensure that your PPM software delivers the Business Value that is intended.
Portfolio Management Training delivers insights into the project delivery and funding process that are not available in standard Project Management Training. This course is management training at its best.