Fundamentals of Portfolio Management Course

Course Code: MQ 598
Course Abstract: Doing the right things precedes doing them the right way. Many projects are headed for failure but managers often fail to recognize it or are afraid to speak up. Information Technology programs require continuous monitoring to ensure the intended return on investment. Department managers and enterprise leaders must establish structured processes for choosing the right projects, monitoring their progress, and continually assessing whether they are bringing the benefit that was intended. This course presents a process for project selection, project prioritizing, and program monitoring.  Participants adopt strategies that ensure that the selected projects still bring the intended return. Participants use case studies to practice these techniques and build an action plan for taking the procedures into their own environment.
Audience: This course is designed for individuals who are responsible for managing a group of related projects for a department, a division, or an entire company.
Duration: 1 day
Learning Outcomes:

Upon completion of this course, the participant will be able to:

> Recognize the relationship of program management to Return on Investment (ROI)
> Identify strategic business initiatives as they relate to projects
> Distinguish projects, programs and portfolios
> Identify the elements of portfolio management
> Apply structured processes for the selection of projects within the portfolio
> Build processes for the prioritization of projects in the portfolio
> Determine methods for making tough choices
> Manage the expectations of the business partners
> Monitor the progress of the portfolio
> Learn to identify failures and how to cancel projects
> Communicate both good and bad news
Course Topics:

Introduction to Portfolio Management
The 3 P’s – Project, Program and Portfolio
What is portfolio management?
Elements of portfolio management

Corporate Strategy and Portfolio Management
Relating Programs to Business Initiatives
ROI and Programs
Positioning programs
The importance of portfolio management

Selecting the right projects
What projects will your program include?
The Selection Process
Decision Committees
Prioritizing Projects

Managing the Portfolio
Roles and responsibilities in portfolio management
Monitoring techniques
Measuring against objectives
Meaningful metrics
Reporting progress
Establishing toll gates
Independent audits

Projects in Trouble
Recognizing trouble
How do you know when to quit?
Cancelling a project
Delivering bad news

Critical Communication Channels
Keeping the Project Sponsor Informed
Key Information for business partners
Communicating across the organization
Prerequisites: A basic understanding of project management and strategic planning is required.
Note: All fields are required
At the present time we do not offer training for individuals or groups less then 6 individuals. We apologize for any inconvenience.


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Testimonials

“56% of IT leaders plan to train their staff this year to better manage third-party relationships, negotiate contracts, assess vendor risk, and monitor service-level agreements” (“Trends 2007: Hot IT Skill Areas”, Forrester Research, Inc., March 2007).