The Challenge
Project Portfolio Management (PPM) 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. PPM is currently regarded as a core business practice. Efforts made to improve the implementation of PPM can have a substantial impact on the bottom line. However, PPM is complex and any effort to improve it should be done in a systematic and careful manner.

The Solution
This course is intended for those who wish to improve and formalize PPM in their organization. After reviewing the fundamentals of effective PPM, participants evaluate current PPM practice, design a more effective PPM practice, and determine the steps needed to reach a higher level of PPM maturity. The ratio of exercise to lecture is very high with the result that participants actually begin the work of redesigning PPM in their environment. Implementing Practical Project Portfolio Management is exceptionally effective when conducted onsite with your key PPM players participating. Learning Objectives include understanding of the following:

• Reasons for project failure and success
• Why project success is not enough
• How to leverage People, Process and Tools
• The promise of PPM
• Role of formal project management in PPM
• Steps for improving the PPM process
• Portfolio definition
• Role of the Executive Team in PPM
• How to define a Portfolio
• Primary business processes of PPM
• How to choose the right projects at the right time
• How to fund projects effectively
• Managing portfolio risk
• Managing change in PPM
• Reporting on portfolio results
• Managing PPM Implementation as a project.
• Gaining organizational adoption of your new PPM process