The portfolio is a collection and assortment of projects, programs, subsidiary portfolios, and operations that are managed as a group to accomplish strategic objectives. Portfolio management is aligned with organizational strategies.
Portfolio Management is very critical for an organization and has objectives to achieve:
- Monitor organizational investment decisions
- opt for the ideal mix of programs and projects to meet strategic objectives
- Enhance the possibility of achieving the desired return on investment
- Consolidate the management of the aggregate risk profile of all components
This Xcelerate training course will enhance your knowledge about Portfolio Management related to projects. This course is designed to cover all the facets of projects and project management from the beginning to closing out of the project.
Course Objectives
The key objective of this Portfolio Management training course is —
- Familiarize with the concepts of a Portfolio
- The relevance of a Portfolio to the strategic objective of the organization
- Acquire the knowledge areas related to Portfolio Management
- Portfolio management assures that there is no gap between the strategy and the implementation
- Proficiencies to realistically steer the portfolio management discipline, including all domains, concepts, processes
- Introducing best practice portfolio management tools and techniques which can be applied in their organizations
- Portfolio Manager’s capabilities to manage multiple portfolios to help their organization achieve its strategic goals and vision
- Methods of Forecasting the Portfolio and Project cost
- Discovering the methods of identifying risks, analyzing them, and managing the same
Training Methodology
Xcelerate Training Institute appoints highly proficient trainers from relevant spheres to deliver the training through audiovisual presentations.
Participation in group activities and assignments, role-plays, and case study discussions is integral to the training program.
Xcelerate Training Institute follows the Do–Review–Learn–Apply Model.
Organizational Benefits
- A clear understanding of the strategic importance of the portfolio
- The team will be more focused on working towards meeting the organization’s strategic objective
- Adherence to all the portfolio management domains and concepts
- Better and effective cost management which would enhance the administration and management of finance
- Alignment of the portfolio management towards enhancement of return on investment
- Risk management would be centralized and better managed
Personal Benefits
Participants will gain:
- Understanding the strategic goals of an organization
- Clarified concepts on portfolios
- Clean plan of the importance of the portfolio to the organization’s strategy
- Increased knowledge of Portfolio management concepts and domains
- Better management of the stakeholders
- Will be able to have better communication with the teams involved
- Boosted skillset and capabilities to identify, analyze, and manage risks
Target Audience
- Executive or senior-level professional who is managing a portfolio of projects and programs aligned with organizational strategy
- Senior members of the organization who want to learn about Portfolios in more detail
Course Outline
Introduction to Portfolio
- Introduction to Portfolio
- Link of Portfolio, Program, and Project
- Portfolio Life cycle
- Importance of Portfolios in the Strategic objective of the organization
- Role of a Portfolio Manager
Overview of Portfolio Management
- What does Portfolio Management constitute?
- Portfolio management and Organizational strategy
- Portfolio Management Implementation Process
- Stakeholder involvement in Stakeholder Management
- Impact of Organization on Types of Portfolio Management
Portfolio and Strategic Alignment
- Evaluate organizational strategic goals
- Identify criteria for prioritization
- Developing a Road Map for the Portfolio to meet the strategic goals
- Managing the impact on portfolio
- Managing Portfolio components reacting to strategic goals and objectives.
- Recommendation for different Portfolio Scenarios
Governance-Portfolio Management
- Establishing a governance model
- Determining and monitoring portfolio management standards, protocols, rules, and best practices, using organizational assets
- Development of a Portfolio Management Plan
- Monitoring, Managing, and Making recommendations regarding portfolio decisions
Performance-Portfolio Management
- Understanding of Portfolio Performance Management Plan
- Development of Portfolio Performance Management Plan
- Developing Key Performance metrics and various techniques of measuring Portfolio Health
- Managing Portfolio management by generating reports, conversations, dashboards, and auditing techniques to make sure it is aligned with strategic objectives
- Managing portfolio changes to ensure its strategically aligned by using change management techniques
Risk-Portfolio Management
- Understanding of the Portfolio Risk Management Plan
- Development of a Portfolio Risk Management Plan
- Implementing Risk Management Plan
- Developing, monitoring, and maintaining portfolio-level risk registers that are impacting strategic goals and objectives
- Managing Risks
Communication-Portfolio Management
- Understanding of Portfolio Communication Management Plan
- Development of Portfolio Communication Management Plan
- Implementing Communication Management Plan
- Managing communication and information sharing