Project Portfolio Management (PfM) is the set of processes that ties project execution to achievement of business strategy. It determines how you choose and fund your projects and is a primary determinant of how much value you receive for each project dollar. PfM is currently regarded as a core business practice. Efforts made to improve the implementation of PfM can have a substantial impact on the bottom line. However, PfM is complex and any effort to improve it should be done in a systematic and careful manner. This course is intended for those who wish to improve and formalize PfM in their organization. After reviewing the fundamentals of effective PfM, participants evaluate current PfM practice, design a more effective PfM practice, and determine the steps needed to reach a higher level of PfM maturity. The ratio of exercise to lecture is very high with the result that participants actually begin the work of redesigning PfM in their environment. Implementing Practical Project Portfolio Management is exceptionally effective when conducted onsite with your key PfM players participating.
This course does not require any prior project training or special knowledge of project management concepts, although a basic understanding is helpful for some of the exercises.
4 Days/Lecture & Lab
This course will be of great value to portfolio managers; anyone who uses projects to execute business strategy; anyone who is planning on implementing portfolio management software; CEO, CFO, CIO, other senior executives; PMO directors; functional managers and executives with project responsibility.
What is PfM?