Portfolio and Program Management
Develop proficiency in Portfolio and Program Management to effectively manage various projects in line with organizational strategy
Certificate :
After Completion
Start Date :
10-Jan-2025
Duration :
30 Days
Course fee :
$150
COURSE DESCRIPTION:
 Develop proficiency in Portfolio and Program Management to effectively manage various projects in line with organizational strategy.Â
This course explores the fundamentals of portfolio and program management, including prioritization and project selection.Â
Focus on resource optimization and alignment with business objectives.Â
Acquire skills in risk management and balancing conflicting demands.Â
Learn to successfully deliver projects while achieving strategic goals.
CERTIFICATION:
Earn a Certified Portfolio and Program Management Professional credential, showcasing your ability to manage portfolios and programs in alignment with business goals.
LEARNING OUTCOMES:
By the conclusion of the course, participants will possess the skills to:
 Differentiate between projects, programs, and portfolios, and their roles in organizational strategy.
 Create and oversee a portfolio by selecting and prioritizing projects that support business goals.
 Employ portfolio management tools to monitor and assess project performance effectively.
Coordinate multiple programs by managing dependencies, timelines, and resource allocation.
 Implement risk management strategies at both portfolio and program levels to address potential challenges.
Course Curriculum
- What is Portfolio Management?
- The process of selecting, prioritizing, and managing a collection of projects and programs that align with organizational strategy and objectives.
- Portfolio management ensures that the right projects are chosen and resources are allocated efficiently across all initiatives.
- What is Program Management?
- The management of related projects in a coordinated manner to achieve program goals and benefits that would not be attainable if managed individually.
- Focuses on delivering outcomes and value rather than just outputs from individual projects.
- Differences between Project, Program, and Portfolio Management
- Projects are temporary efforts to create a unique product, service, or result.
- Programs involve coordinated projects that achieve broader outcomes.
- Portfolios encompass all projects and programs to achieve strategic organizational objectives.
- Strategic Alignment:
- Ensuring that the projects and programs within the portfolio align with the strategic goals of the organization.
- Portfolio managers must continuously assess how each project or program contributes to the business strategy.
- Portfolio Planning and Selection:
- Identifying and selecting projects and programs that provide the most value, meet organizational objectives, and balance risks.
- Methods for prioritization (e.g., scoring models, decision trees, and ROI analysis).
- Resource Allocation:
- Optimizing the use of available resources (budget, personnel, tools) across the portfolio to maximize value.
- Governance and Oversight:
- Establishing governance structures to ensure that the portfolio is managed effectively and consistently.
- Defining roles and responsibilities, decision-making processes, and reporting mechanisms.
- Portfolio Monitoring and Reporting:
- Continuously monitoring portfolio performance and progress towards strategic objectives.
- Regular portfolio reviews, reporting to stakeholders, and ensuring proper risk management.
- Â
- Strategic Alignment:
- Program Planning and Design:
- Defining program goals, objectives, and deliverables.
- Developing a program roadmap and establishing the overall timeline and resource needs.
- Program Integration:
- Ensuring that related projects are aligned and work together to achieve program goals.
- Managing interdependencies between projects to prevent conflicts and ensure timely delivery.
- Program Execution and Control:
- Managing and monitoring the progress of the program, ensuring that the projects remain on track.
- Adjusting plans as necessary to meet program goals, handling risks, and resolving issues that arise.
- Benefits Realization:
- Ensuring that the outcomes of the program deliver the intended business benefits.
- Measuring and tracking the success of the program against predefined KPIs and success metrics.
- Portfolio Governance:
- Defining the decision-making process and authority within the portfolio.
- Setting up regular governance reviews, ensuring strategic alignment and risk management.
- Program Governance:
- Ensuring effective oversight and accountability for all projects within the program.
- Establishing protocols for reporting and controlling changes.
- Risk Management in Portfolios and Programs:
- Identifying, assessing, and mitigating risks at both the portfolio and program levels.
- Creating risk management frameworks that can be applied across all projects and programs within the portfolio.
- Change Management:
- Managing changes in the portfolio or program and ensuring that the impact on resources, timelines, and goals is minimized.
- Using tools like change control boards and formal review processes to manage change effectively.
- Defining KPIs for Portfolio and Program Management:
- Identifying and tracking KPIs that measure the success of both portfolios and programs (e.g., ROI, strategic alignment, schedule variance, resource utilization).
- Metrics for Portfolio Management:
- Financial performance, risk profile, and alignment with organizational strategy.
- Metrics for Program Management:
- Program health, benefits realization, stakeholder satisfaction, and quality of deliverables.
- Portfolio Management Tools:
- Using tools such as Microsoft Project, Jira Portfolio, and Planview to track portfolio performance, manage resources, and evaluate project proposals.
- Program Management Tools:
- Using tools like Asana, Smartsheet, and Program Management Software for tracking project progress, managing interdependencies, and resource allocation.
- Dashboards and Reporting Tools:
- Developing portfolio and program dashboards to track progress, issues, and performance indicators in real-time.
- Project Management Software Integration:
- Ensuring that portfolio and program management tools integrate with project management tools like Trello, Monday.com, and Wrike for seamless coordination.
- Identifying Stakeholders:
- Mapping out stakeholders at both the portfolio and program levels and determining their interests, influence, and expectations.
- Communication Plans:
- Developing effective communication strategies for keeping stakeholders informed about progress, changes, and issues.
- Engagement and Buy-In:
- Ensuring that stakeholders are actively involved in decision-making and have ownership in the outcomes.
- Portfolio and Program Simulation:
- Develop a portfolio and program management plan for a hypothetical organization, addressing strategic alignment, resource allocation, risk management, and stakeholder communication.
- Present the project with a detailed roadmap, KPIs, and an implementation strategy for managing multiple projects within a program.
Training Features
Comprehensive Learning
A deep dive into portfolio and program management concepts and processes, from strategic planning to execution.
Practical Tools
Hands-on experience with popular portfolio and program management tools like Microsoft Project, Asana, and Planview.
Real-World Case Studies
Learn from real-world case studies and industry examples to understand the application of theories and techniques.
Stakeholder and Resource Management
Master stakeholder engagement strategies and resource allocation techniques to drive project success.
Risk and Change Management
Learn how to identify, assess, and mitigate risks and manage changes across portfolios and programs.
Certification
A globally recognized certificate upon completing the course.
