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Aligning the Organization through Portfolio Management

Aligning the Organization through Portfolio Management

Course information

Location:
Danang
Date:
Coming soon
Duration:
2 days
Hosted by:
PMI

Get in touch with us to have talk on this information. You are welcome!

Overview

Organizations that adopt projects as a mean to achieving change and delivering results often find it difficult to prioritize projects and to make best use of their resources; additionally, many recent surveys have demonstrated that project backlog is a major issue in organizations.  Portfolio management is a management approach that aims to align project efforts with the corporate strategy and optimize the efficient use of resources throughout the organization. Portfolio management is a management approach that aims to align project efforts with the corporate strategy and optimize the efficient use of resources throughout the organization. Aligning the Organization through Portfolio Management focuses on two aspects of the management of portfolios: Prioritization of projects and other activities, based on their contribution to organizational benefits and their achievability; Allocation and prioritizing of resources between those projects and activities that have been chosen so that they can deliver the expected benefits. The course identifies five key activities and techniques to accomplish this:
  1. Analyzing the portfolio of existing and potential projects and activities
  2. Defining the content of the portfolio according the Strategic Vision
  3. Selecting the projects and activities to be implemented as part of this portfolio
  4. Allocating resources to those projects and activities that have been selected
  5. Collecting and storing project data for performance measurement and portfolio reorientation, based on financial performance, strategic alignment, individual performance of the different components and Risk factors.
The course also discusses the definition of the portfolio in the organization based on its Vision and Strategy…

Objectives

Develop and enhance the contributions you make to your organization by being able to:

  • Understand alignment with organizational objectives & strategic goals.
  • Demonstrate capability to analyze and select organizational initiatives.
  • Assign resources to these initiatives in an organized way.
  • Optimize use of resources to ensure corporate benefits delivery
  • Take responsibility for change & decisions to realize strategic & business objectives
  • Actively manage business value within a governance framework.
  • Recognize why, when and how to use portfolio management.
  • Support the development of a portfolio framework and culture.

Who should attend?

Aligning the Organization through Portfolio Management is designed for experienced project managers, portfolio managers, chief project officers, project directors and senior managers who need to assign resources to projects to deliver corporate strategies.  Also for all project managers, who have a reasonable experience as project leaders and are interested in understanding the way projects are selected.

Request a customized, group or private course