The challenge in many organizations is that there is an overabundance of projects, including some with low business value, and limited resources to work on them. Starting too many concurrent projects without any consideration to monetary and resource capacity causes individual projects to take longer than planned, resulting in higher costs and less overall throughput. Effective project portfolio management uses business value to prioritize the best mix of projects, within resource constraints, that achieve organizational and business strategies. This also requires a strong foundation of successful planning and execution of individual projects and programs.

This program will help you mature your project management practices to program and/or portfolio management. It includes an overview of the differences between managing an individual project, a program, and a portfolio.

You will experience prioritizing projects within a program to ensure achievement of the program’s benefits. Various prioritization criteria, scoring models, and metrics to determine the right mix of projects will be shared to help you establish your organization’s portfolio. You will learn techniques of how to assess the portfolio against resource supply. Besides prioritization, we also cover rebalancing and measurement of the portfolio, dashboard reporting, stakeholder management, and governance.

When the portfolio contains the right mix of projects, with the greatest business value to the organization, it results in optimization of resources with clear priorities. Integrating resource capacity to the portfolio leads to increased throughput of more projects getting completed and more benefits realized. Organizations that adopt these practices create a competitive advantage opportunity.