Project Portfolio Management: How to Design, Build, and Manage a Project Portfolio
INTRODUCTION
Project Portfolio Management processes ensure organizations deliver more projects on time and within budget. PPM helps organizations to rigorously prioritize their project pipeline and focus on delivering business value.
Without project portfolio management, projects are often selected in a haphazard way, leading to strains on budgets and resources. Team don’t know how a project will add value to an organization and are often left without the proper tools to manage their work.
In this guide, you’ll learn why your organization needs project portfolio management, and the importance of business strategy, governance, risk management, and stakeholder engagement
Course Outcome:
- Allocate resources most efficiently to competing project and operational demands.
- Analyze and manage portfolio risks.
- Apply quantitative techniques to evaluate a project for its own merit as well as its relative merit against other projects.
- Use weighted scoring models to quantify intangible benefits of projects.
- Build a business case for a project.
- Identify criteria to terminate a project.
- Understand practical challenges and how to overcome them in executing PPM.
- Implement a practical methodology to build and manage a project portfolio that will maximize business value and return on investment.