Portfolio Project Management Professional

About the Course

The Portfolio Project Management Professional training course is designed to align with the standards and practices outlined by the Project Management Institute's (PMI) Portfolio Management (PPM) framework. It aims to equip delegates with the knowledge and skills necessary to manage project portfolios effectively and ensure that all projects align with strategic business objectives. Integrating PMI's PPM guidelines provides a structured approach to portfolio management, emphasizing the importance of governance, strategic alignment, and value maximisation.

Delegates will explore the core components of PMI's PPM framework, gaining insights into best practices for portfolio governance, risk management, and performance measurement. It focuses on developing a deep understanding of creating and maintaining a balanced portfolio that aligns with the organisation's strategic goals, including learning how to prioritise projects based on their strategic value, manage risks across the portfolio, and measure performance to ensure continuous improvement. By following PMI's standards, delegates will be equipped to implement effective portfolio management practices that enhance organisational efficiency and strategic impact.

The interactive nature of this training program encourages delegates to engage with real-world scenarios, fostering a practical understanding of principles. Through discussions, collaborative exercises, and case studies, delegates will learn to apply these principles within their organisations, driving success across multiple projects. It also emphasizes the importance of stakeholder engagement and communication, ensuring that all portfolio activities are transparent and aligned with corporate policies. Delegates will be proficient in PMI's PPM practices, enabling them to contribute significantly to their organisations' strategic objectives and operational excellence.

Core Objectives

The delegates will achieve the following objectives:

• Apply PMI's Portfolio Management principles to govern and manage project portfolios effectively
• Analyse portfolio performance metrics to assess project viability and alignment with organisational strategies
• Evaluate project proposals based on strategic fit, business value, and risk factors to prioritise projects within a portfolio
• Create risk management plans and mitigation strategies tailored to portfolio-specific risks and organisational objectives
• Understand the importance of stakeholder engagement and communication in portfolio management to ensure transparency and support
• Develop strategies for optimising resource allocation across projects to maximise portfolio performance and efficiency
• Demonstrate proficiency in using portfolio management tools and techniques to monitor, control, and report portfolio performance effectively

Training Approach

This training course employs a blend of interactive lectures, case studies, and hands-on exercises to ensure a comprehensive understanding and practical application of portfolio project management concepts. Delegates will engage in group discussions and simulations, allowing them to apply learned principles in real-world scenarios with continuous feedback and peer collaboration. This will further reinforce learning and enable delegates to effectively develop actionable skills in managing project portfolios.

The Attendees

This training course is tailored for professionals across various industries who oversee or contribute to managing project portfolios seeking to deepen their understanding of portfolio management principles and refine their strategic approach to project alignment and governance.

Likewise, it will be valuable to the professionals but not limited to the following:

• Project Managers
• Portfolio Managers
• Program Managers
• Senior Executives involved in Strategic Planning
• Business Analysts
• Project Coordinators
• Operations Managers
• Team Leaders involved in Project Management
• Consultants specialising in Project Management
• Professionals transitioning to Project Portfolio Management

Daily Discussion

DAY ONE: PORTFOLIO GOVERNANCE AND FRAMEWORKS

• Defining Portfolio Governance
• Establishing Portfolio Management Frameworks
• Aligning Portfolio with Organizational Strategy
• Roles and Responsibilities in Portfolio Management
• Portfolio Decision-Making Processes
• Portfolio Governance Best Practices
• Implementing Effective Portfolio Governance Structures
• Portfolio Governance Policies and Procedures
• Compliance and Regulatory Considerations
• Stakeholder Engagement in Portfolio Governance

DAY TWO: PORTFOLIO PRIORITISATION AND SELECTION

• Criteria for Portfolio Prioritisation
• Techniques for Project Selection
• Balancing Risk and Reward in Portfolios
• Resource Allocation Strategies
• Portfolio Optimisation Methods
• Portfolio Performance Metrics
• Evaluating Project Proposals
• Strategic Fit and Business Value Assessment
• Tools for Portfolio Prioritisation
• Portfolio Selection Challenges and Solutions

DAY THREE: PORTFOLIO RISK MANAGEMENT

• Identifying Portfolio Risks
• Risk Assessment Techniques
• Risk Mitigation Strategies
• Monitoring and Controlling Portfolio Risks
• Impact of Risks on Portfolio Performance
• Developing Risk Response Plans
• Tools and Techniques for Portfolio Risk Management
• Integrating Risk Management into Portfolio Processes
• Scenario Planning and Analysis
• Communicating Risk Information to Stakeholders

DAY FOUR: PORTFOLIO PERFORMANCE MANAGEMENT

• Establishing Performance Metrics
• Monitoring Portfolio Health
• Analysing Portfolio Performance Data
• Reporting and Communicating Portfolio Performance
• Portfolio Performance Improvement Strategies
• Using Dashboards and Reporting Tools
• Addressing Underperforming Projects
• Performance Review Meetings
• Benchmarking Portfolio Performance
• Portfolio Performance Audits

DAY FIVE: STRATEGIC PORTFOLIO MANAGEMENT

• Strategic Alignment of Portfolios
• Benefits Realisation Management
• Portfolio Change Management
• Portfolio Management Maturity Models
• Developing Strategic Portfolio Objectives
• Enhancing Portfolio Agility
• Aligning Portfolio with Market Trends
• Strategic Stakeholder Engagement
• Measuring Strategic Portfolio Outcomes
• Implementing Strategic Portfolio Reviews