Project Portfolio Management (PfM) is the process behind project selection, funding, oversight, and evaluation. It is a business process of some complexity and with many participants. Your organization relies on PfM to select and oversee the projects that execute business strategy. But are you doing this effectively? Are you funding the right projects at the right time? Do your projects deliver the business value you need and expect? If not, it is likely that your organization is not getting the most out of every project dollar. Project Portfolio Management: What Every Executive Must Know explains how to optimize PfM to fit your organization's needs. It describes steps any management team can take to ensure that only the highest value projects receive funding. Using the principle that "Every Project is an Investment" as a guide, participants are shown how to define a project portfolio; review PfM governance options; discuss the value of an effective project selection and funding process; and discuss the strategic importance of making long-term business value the focal point of every project. Through numerous hands-on exercises, participants actually begin the work of improving their PfM approach. This course demonstrates how to maximize the return from your organization's investment in projects.
Participants should have some experience with the selection, funding, and oversight of projects. This course does not require any special knowledge of project management concepts, although a basic understanding is helpful for some of the exercises.
2 Days/Lecture & Lab
Anyone who oversees projects that execute Business Strategy will find this course to be of special value. This includes CEO, CFO, COO, CIO and other senior executives; functional managers responsible for multiple projects; managers responsible for project selection and oversight; portfolio managers and PMO directors.
- PfM Process Overview
- Portfolio Definition
- Project Identification and Categorization
- Project Evaluation
- Project Selection and Funding
- Managing the Portfolio
- PfM Implementation
- PfM Practice Assessmen