Project Portfolio Management
This course will provide participants a practical methodology to build and manage a balanced project portfolio. It covers all project portfolio cycle where it defines basic project portfolio terminologies, introduces project portfolio models, presents projects evaluation techniques both financial and non-financial. The course will offer projects prioritization tools for ranking projects, techniques for quantifying portfolio uncertainties and risks, assessment of portfolio performance using earned value analysis.
· Develop project portfolio model showing projects life cycles within a portfolio context
· Employ project portfolio methodology at any organizational level in any industry
· Prioritize projects within the portfolio using financial and non-financial ranking tools
· Quantify portfolio risks using Monte Carlo simulation and sensitivity analysis
· Apply earned value techniques to track and control portfolio performance
Developing portfolio model
· Project portfolio management (PPM)
· Role of PPM in strategy execution
· Elements of project portfolio
· Comparisons between project, program and portfolio
· Portfolio model
* Portfolio funnels and filters
* Decision filters
* Value creation process
* Portfolio Optimization using Efficient Frontier
Project portfolio management methodology
· Project portfolio management methodology (PPM) phases
· Build foundation
· Design portfolio
· Construct portfolio
· Monitor and control portfolio
Project evaluation
· Project evaluation
· Shareholder value
· Drivers of shareholder value
· Financial metrics
· Non-financial metrics
Project prioritization
· Project ranking tools
· Efficient frontier steps
· Scoring models
· Portfolio dashboards
Managing uncertainty and risk
· Risk and uncertainty in decision-making
· Portfolio risk management steps
· Tools and techniques for uncertainty and risk
* Decision tree analysis
* Scenario analysis
* Sensitivity analysis
* Monte Carlo analysis
Monitoring performance using Earned Value Management
· Earned Value Management Foundation
* WBS
* Gantt chart
* Bottom-up cost estimate
· Performance measurement baseline
· Earned value management building blocks
· Current portfolio performance indicators
· Future portfolio performance indicators
· Portfolio management office
Portfolio directors and managers, senior managers, decision makers, portfolio sponsors, PMO staff, program and project managers and all individuals involved in building and managing their organization project portfolio.