Project Portfolio Management: Skills and Techniques |Meirc

Course Methodology

The course uses a mix of interactive techniques, such as brief presentations by the consultant and the participants. It also offers hands-on training on project software, such as MS Project and Monte Carlo simulation for portfolio risk assessment. The course also features the use of a number of group exercise and case studies followed by plenary discussions.

Course Objectives

By the end of the course, participants will be able to:

Develop project portfolio model showing projects life cycles within a portfolio context
Employ project portfolio methodology at any organizational level in any industry
Prioritize projects within the portfolio using financial and non-financial ranking tools
Quantify portfolio risks using Monte Carlo simulation and sensitivity analysis
Apply earned value techniques to track and control portfolio performance

Target Audience

The target audience includes: portfolio directors and managers, senior managers, decision makers, portfolio sponsors, PMO staff, program and project managers and all individuals involved in building and managing their organization project portfolio. Meirc has been reviewed and approved by the PMI^® Authorized Training Partner Program. This course is worth 30 Professional Development Units (PDUs).

Target Competencies

The competencies targeted in this course are:

strategy execution
portfolio management
portfolio planning
portfolio evaluation
portfolio risk planning.

Note

Project portfolio related templates and portfolio KPIs dictionary (soft copies) will be distributed during the course.

Developing portfolio model
- Project portfolio management (PPM)
- Role of PPM in strategy execution
- Elements of project portfolio
- Comparisons between project, program and portfolio
- Portfolio model
  - Portfolio funnels and filters
  - Decision filters
  - Value creation process
  - Portfolio Optimization using Efficient Frontier
Project portfolio management (PPM) methodology
- Project portfolio management methodology (PPM) phases
  - Build foundation
  - Design portfolio
  - Construct portfolio
  - Monitor and control portfolio
Project evaluation and prioritization
- Project evaluation
  - Shareholder value
  - Drivers of shareholder value
  - Financial metrics
  - Non-financial metrics
- Project prioritization
  - Project ranking tools
  - Efficient frontier steps
  - Scoring models
  - Portfolio dashboards
Managing uncertainty and risk
- Risk and uncertainty in decision-making
- Portfolio risk management steps
- Tools and techniques for uncertainty and risk
  - Decision tree analysis
  - Scenario analysis
  - Sensitivity analysis
  - Monte Carlo analysis
Monitoring performance using Earned Value Management (EVM)
- Earned Value Management (EVM) Foundation
  - WBS
  - Gantt chart
  - Bottom-up cost estimate
- Performance measurement baseline (PMB)
- Earned value management (EVM) building blocks
- Current portfolio performance indicators
- Future portfolio performance indicators
- Portfolio management office (PMO)

Project Management Institute (PMI)

Meirc is a member of the PMI ATP Program. PMI does not specifically endorse, approve, or warrant ATP’s products, courses, publications, or services. The PMI ATP seal is a registered mark of the Project Management Institute, Inc.

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2024 Schedule & Fees

Fees

Per participant

USD 5200

Fees + VAT as applicable

(including coffee breaks and a buffet lunch daily)

Discount Plans & Cancellations Policy

Location & Date

28 Apr - 2 May, 2024

Dubai

English

JW MARRIOTT HOTEL MARINA DUBAI

Meirc reserves the right to alter dates, content, venue, trainer, and to offer courses in an integrated virtual learning (IVL) format whereby face to face classroom participants and virtual learners participate simultaneously in the same course in an interactive learning experience.

Tax Registration Number: 100239834300003

This course is also offered in Virtual Learning, click on the course below.

Project Portfolio Management: Skills and Techniques - Virtual Learning