Overview:
The Challenge
Project Portfolio Management (PPM) is known for helping organizations choose and fund projects that will help fulfill Business Strategy. In that sense, the impact of PPM on an organization's financial results is clear. But there are many other financial aspects to PPM, to the point where, on close examination, PPM appears to be more of a financial function than a project management one. If this is not well understood, how are organizations to take advantage of this important aspect of PPM?
The Solution
Project Portfolio Management (PPM) is one of the most powerful business processes that any organization can implement today. Because it ties business strategy to governance process and project investment, PPM requires mastery of many disciplines, including some that are inherently financial in nature. This management workshop examines several financial aspects of PPM and helps the audience understand just how fundamental this process is to both the immediate and long-term health of any enterprise.
Audience:
This portfolio management workshop will benefit anyone who wants to get the most out of every project dollar: CEO, CFO, COO, CIO, other Senior Executives, PMO Director, Functional Managers and Executives with project responsibility, Portfolio Managers, and anyone who uses projects to execute Business Strategy.
Course duration:
Half day
Learning Objectives :
- Nature of Project Portfolio Management (PPM)
- How PPM impacts attainment of Strategic Objectives
- Financial role of the Project Portfolio Management Manager/Team
- Portfolio definition as a financial exercise
- How Project Portfolio Management can support the CFO
- Why Project Success is not enough
- How budgeting impacts selection of the right projects
- Why effective estimation is important to PPM
- Using the uncertainty in project cost estimates as a planning tool
- Reestimation at Phase Gates
- Contingency and Management Reserve –cost of being prepared
- Impact of portfolio rebalance on financial forecasts
- Planning for and measuring Business Value
Learning Approach:
- A highly experienced instructor will use an interactive lecture format, 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 in future projects.
- 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 workshop?:
- Financial Aspects of Project Portfolio Management presents unique insights into the financial impact of PPM. Attendees should be able to make immediate use of the practical steps presented in this workshop.
- Take this management training and learn what you can do to ensure that your PPM process fully supports your organization's financial function.
- Learn what you can do to enhance the value that PPM delivers to your enterprise.
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