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The goal of project portfolio management is
to improve the return on investment from projects. Why is it so
hard for most organizations to achieve this goal? If we can answer
this question correctly, then we know what obstacles the process
must overcome and what a participant must learn in a workshop
in order to get significant results in their organization.
In this workshop, we address both the correct
processes to dramatically improve project portfolio ROI and how
to educate executives to make such improvements permanent
and easy to implement.
This workshop documents an easy-to-follow
eight step process that any project portfolio manager can use,
either in starting the process from the ground up, or in improving
an existing process. The eight steps describe how to take existing
and usually grossly incomplete data about projects and build the
compelling information needed to drive improvement.
Participants learn both strategy and tactics for improving the
project mix within an organization. Based upon the powerful concepts
in the new book by Kendall and Rollins, Advanced Project Portfolio
Management and the PMO, you will learn how to take a portfolio
and make it perform better than ever before
- How to deal effectively with the multi-project environment
and constant resource conflicts
- How to balance a portfolio for better ROI
- An eight step process that any organization can implement
Governance advice
- A new method of strategic planning and choosing the
right project mix
- Ways to dramatically accelerate projects
- A convincing presentation approach to gain executive
support and involvement in portfolio management
- Tools and templates
Participants will gain exposure to a new method of strategic planning,
designed specifically to enable an organization to choose the
right project mix.
How does a portfolio manager know if the organization strategy
is correct? How should a strategy be executed that will help the
portfolio manager deliver the increase in ROI? If these questions
are not answered correctly, then even the best portfolio manager
will face an impossible challenge, trying to do a better job at
delivering the wrong projects for the organization.
The workshop introduces why some current strategic planning processes
are flawed, and how to correct them with a holistic approach –
one that gains the buy-in and commitment of the entire senior
management team. While participants are not expected to become
experts at strategic planning overnight, the concepts introduced
in the workshop and further documented in the workshop text and
referenced materials are sufficient for most participants to have
a favorable impact on their organization’s strategy.
Since the success of any portfolio manager is tied to influencing
executives to change some of their practices, this workshop answers
the question, “How do I convince the senior management to
implement these new ideas?” One of the workshop modules
suggests an approach to overcome senior management resistance
to change. Participants will be given a sample presentation that
they can customize, to capture executive support and intensive
involvement necessary for an excellent governance process.
This workshop is filled with exercises that build each participant’s
knowledge and confidence in managing a portfolio correctly. The
workshop has been designed by Project Management Professionals
(Certified PMPs) with the real-life knowledge and experience to
cause an immediate impact and success for any organization that
implements the eight step process.
Who Should Attend?
Anyone responsible for supporting or influencing
the project portfolio in their organization will benefit immensely
from this workshop. Members of Project Management Offices (PMOs)
will find the concepts presented here particularly useful for
increasing the likelihood of the PMO having a positive impact
in the short term. Executives involved in program management or
those who have functional or top executive responsibility will
also find that this program helps them to deliver their responsibilities
much more effectively. Any individuals who are responsible for
strategic planning or execution within their organization, including
process improvement experts, will find this program useful.
The program will also provide useful knowledge to senior project managers
or program managers with an interest in project portfolio management.
Those persons tasked with how to better manage the multi-project
environment will also gain a better understanding of why the constant
resource and priority conflicts exist and what to do about it.
After attending the Advanced Project Portfolio
Management (PPM) workshop, you will be able to:
Balance Your Portfolio For Better ROI
Use strategy and tactics to improve your project mix to achieve
maximum ROI for your project delivery process.
Deal Effectively With Constant Resource Conflicts
Eliminate the number one source of resource conflicts (poor multi-tasking).
Gain Executive Support And Involvement In Portfolio Management
Educate executives to ensure that your improvements are permanent.
Deal Effectively With The Multi-Project Environment
Implement an eight-step process including both strategy and tactics,
for improving the project mix within your organization.
Implement Earned Value And Critical Chain Metrics
Use a complete approach, including new measurements for teams,
project and resource managers.
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