The Challenge
It has become widely understood that Project Portfolio Management (PPM), when properly implemented, can have a dramatic impact on the bottom line. What is not well understood is that every enterprise already has PPM in place. The question is not "Does it exist?", but rather "Is the current PPM process effective?" Given that PPM is essential to carrying out Business Strategy, there is every reason to want an effective PPM process. So what does it take to make this happen?

The Solution
PPM is a business process of some complexity and with many participants. This1 day course explains what PPM is and provides examples of the processes and governance structures the management team needs for its successful implementation. This course explains how to optimize PPM, e.g. the steps that are necessary to ensure that only the highest value projects receive funding. Participants discuss portfolio definition, governance options and the need for measurement of business value. They are shown the ingredients for a project environment that ensures every project is fully supported and given what it needs to succeed. Essentials of Project Portfolio Management demonstrates how to get the most out of every project dollar. Learning Objectives include:

• Why project success is not enough
• The promise of PPM
• Steps for improving the PPM process
• The power of a PPM charter
• Role of the Executive Team in PPM
• Primary business processes of PPM
• How to choose the right projects at the right time
• Role of formal project management in PPM
• Reporting on portfolio results
• Considerations for formal PPM implementation