Overview:
The Challenge
Every enterprise invests resources (money; time) in projects and every enterprise has a process through which those projects are selected and funded. But where did that process come from? Does it serve the best interests of the enterprise? Are all funded projects fully aligned with current Business Strategies? Are the cost, return and risk known for every project? Is there a process for terminating projects that are failing or for which there is no longer need?
The Solution
Project Portfolio Management (PPM) is the primary business process that underlies execution of an organization's Business Strategy. It is through PPM that we prioritize, fund, oversee and evaluate our projects. Effective PPM ensures that we do the right projects at the right time, and it helps us to maximize the Business Value that we obtain from each project. This portfolio management workshop explains the purpose and benefits of PPM, and presents seven steps that you can take to make PPM more effective in your organization.
Audience:
This 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 the project portfolio
- The importance of each project investment
- Why PPM is critical to any business - impact on the Bottom Line
- Importance of management engagement
- Implementation of formal PPM is a program
- Your PPM process is unique
- The Organizational Adoption challenge
- Business Value as the basis for project decisions
- Optimize investment - Rebalance the portfolio
- Seven Steps that managers can take to optimize PPM in their enterprise
- Put focus on Business Strategies
- Formalize use of a business case and project charter
- Develop and use estimates effectively
- Establish a formal project prioritization process
- Support formal project management for project success
- Regularly update project forecasts
- Measure Business Value after the project is done
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?:
- Seven Ways to Energize Project Portfolio Management presents a practical approach to implementing PPM in a way that can drive your Business Strategy forward. You should be able to make immediate use of the concepts presented in this workshop.
- Engage in this management training and learn what you can do to ensure that your projects support your strategy, and your organization fully supports the success of every project.
- Learn what you can do to enhance the Business Value that projects deliver.
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