COURSE OVERVIEW:
Welcome to the course on Project Portfolio Management (PPM). This course is designed to equip project managers, portfolio managers, and organisational leaders with the knowledge and skills necessary to effectively manage a portfolio of projects. By understanding and implementing PPM principles and practices, you can ensure that projects are aligned with organisational goals, resources are optimally used, and strategic value is maximised.
We begin with an introduction to Project Portfolio Management (PPM), where we define PPM, discuss its importance, and introduce key concepts and terminology. This section provides an overview of the PPM process, setting the foundation for the subsequent sections.
Strategic alignment is crucial for the success of a project portfolio. You will learn how to align projects with organisational goals, identify strategic priorities, and evaluate the strategic fit of projects to ensure they contribute to the overall mission and vision of the organisation.
Portfolio governance involves establishing governance structures, defining roles and responsibilities, and setting up decision-making processes. This section will guide you through creating an effective governance framework to oversee the portfolio.
Selecting and prioritising projects within a portfolio requires careful consideration. This section covers criteria for project selection, methods for prioritising projects, and strategies for balancing risk and reward to ensure a balanced and value-driven portfolio.
Resource management is vital for the successful execution of a portfolio. You will explore techniques for allocating resources across projects, managing resource conflicts, and optimising resource utilisation to maximise efficiency and effectiveness.
Financial management in PPM involves budgeting, cost management, and financial performance monitoring. This section provides insights into financial metrics and KPIs, ensuring that financial aspects of the portfolio are managed effectively.
Risk management is a critical aspect of PPM. You will learn how to identify portfolio risks, assess and mitigate these risks, and establish risk monitoring and reporting mechanisms to manage uncertainties effectively.
Performance measurement and reporting are essential for tracking progress and making informed decisions. This section covers key performance indicators (KPIs), developing performance dashboards, and establishing regular reporting and review processes.
Stakeholder management is key to the success of a portfolio. You will learn how to identify stakeholders, develop effective communication strategies, and manage stakeholder expectations to ensure support and alignment throughout the portfolio lifecycle.
Portfolio optimisation focuses on continuous improvement. This section covers techniques for identifying and eliminating waste, enhancing portfolio value, and implementing continuous improvement strategies to optimise the portfolio.
Change management within a portfolio involves managing changes, conducting change impact analyses, and implementing change control processes. You will learn how to handle changes effectively to maintain portfolio alignment and performance.
Tools and technologies for PPM can significantly enhance decision-making and efficiency. This section provides an overview of PPM software solutions, integrating PPM tools with existing systems, and leveraging technology for better portfolio management.
Case studies in PPM offer real-world insights and lessons. You will examine successful PPM implementations, learn from PPM failures, and adapt best practices from real-world examples to your organisational context.
By the end of this course, you will be equipped with the comprehensive knowledge and practical strategies needed to manage project portfolios effectively, ensuring alignment with organisational goals, optimal resource utilisation, and maximised strategic value.
LEARNING OUTCOMES:
By the end of this course, you will be able to understand the following topics:
1. Introduction to Project Portfolio Management (PPM)
- Definition and Importance of PPM
- Key Concepts and Terminology
- Overview of the PPM Process
2. Strategic Alignment
- Aligning Projects with Organisational Goals
- Identifying Strategic Priorities
- Evaluating Strategic Fit
3. Portfolio Governance
- Establishing Governance Structures
- Roles and Responsibilities
- Decision-Making Processes
4. Portfolio Selection and Prioritisation
- Criteria for Project Selection
- Methods for Prioritising Projects
- Balancing Risk and Reward
5. Resource Management
- Allocating Resources Across Projects
- Managing Resource Conflicts
- Optimising Resource Utilisation
6. Financial Management
- Budgeting and Cost Management
- Financial Metrics and KPIs
- Monitoring Financial Performance
7. Risk Management
- Identifying Portfolio Risks
- Assessing and Mitigating Risks
- Risk Monitoring and Reporting
8. Performance Measurement and Reporting
- Key Performance Indicators (KPIs)
- Developing Performance Dashboards
- Regular Reporting and Review
9. Stakeholder Management
- Identifying Stakeholders
- Communication Strategies
- Managing Stakeholder Expectations
10. Portfolio Optimisation
- Continuous Improvement Techniques
- Identifying and Eliminating Waste
- Enhancing Portfolio Value
11. Change Management
- Managing Changes in the Portfolio
- Change Impact Analysis
- Implementing Change Control Processes
12. Tools and Technologies for PPM
- PPM Software Solutions
- Integrating PPM Tools with Existing Systems
- Leveraging Technology for Better Decision-Making
13. Case Studies in PPM
- Successful PPM Implementations
- Lessons Learned from PPM Failures
- Adapting Best Practices from Real-World Examples
COURSE DURATION:
The typical duration of this course is approximately 2-3 hours to complete. Your enrolment is Valid for 12 Months. Start anytime and study at your own pace.
COURSE REQUIREMENTS:
You must have access to a computer or any mobile device with Adobe Acrobat Reader (free PDF Viewer) installed, to complete this course.
COURSE DELIVERY:
Purchase and download course content.
ASSESSMENT:
A simple 10-question true or false quiz with Unlimited Submission Attempts.
CERTIFICATION:
Upon course completion, you will receive a customised digital “Certificate of Completion”.