Strategic Portfolio Management: Utilizing ANSI/PMI Standard to Achieve Strategy through Managed Portfolios

Successful business alignment which creates value requires integration of portfolios with organizational strategy. But just prioritizing programs and projects within a portfolio is no longer enough. Gain strategic value of managed portfolios by implementing industry standard performance domains. Build a portfolio structure that is managed effectively and efficiently with tailored capacities and capabilities.

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What You Will Learn

  • Understanding Portfolio Management Lifecycle across Performance Domains.
  • Fundamentals of Portfolio Management Strategy and Value Management within a Portfolio Management component and governance structure.
  • Fundamentals of Portfolio Management stakeholder engagement integrating leadership and challenge management concepts.
  • Improving effectiveness and efficiency by creating capacity and capability within the portfolio structure.

About This Short Course

Portfolio management is often seen as a disciplined process that helps organizations optimize investment by prioritizing projects and allocating resources. Often referred to as Project Portfolio Management (PPM). One often hears PPM is “doing the right projects at the right time.” This is a very limited view of Portfolio Management. A portfolio, when talking about project and programs, is a collection of various components, including subsidiary portfolios, operations, programs as well as projects. Management of a portfolio has evolved to a disciplined process for achieving enterprise strategies over a greater longevity than typical projects or programs.
Strategic Portfolio Management has a focus on value management which is aligned with a strategy which is managed and aligned within a portfolio life cycle structure. One should think of the portfolio as a system of components which have interrelationships that share a common purpose, which is to achieve the portfolio strategy. The portfolio, as a system, needs to be managed as an integrated whole.
The course will review the evolution of Portfolio Management, from the focus on financial portfolios to project portfolio management (PPM), to finally strategic portfolio management. In this short course, the Portfolio Life Cycle in alignment with the Standard for Portfolio Management (ANSI/PMI 08-003-2017) Performance Domains are explored and put into context in terms of portfolios of portfolios using the United State Defense Departments capital investment projects, the largest set of managed portfolios in the world, while also considering portfolio management as a method to meet personal goals and objectives.
In this course you are not just learning theory. You and your colleagues will have plenty of hands-on activities to build portfolio artifacts, which we will peer review in the course when we meet weekly. Participants can choose between building a portfolio strategy and roadmap for an organizations you work with in or your personnel development. You will pitch your structure to the class for feedback.

At A Glance

  • 6 Sessions, 1 Per Week Up to 8 hours per week
  • Course Materials Course will use the ANSI/PMI Standard for Portfolio Management. PMI members and Federal Government employees can obtain a free copy. All other course materials will be available for review at your pace before each working session
  • Online Working Sessions Personally connect with instructor and other students
  • Development a Portfolio Strategy and Roadmap Apply your knowledge and skills by developing a Portfolio Strategy and Roadmap for an organization or yourself
  • Two-half hour (Zoom) mentoring sessions Schedule time that works for you
  • Earn a UMD Completion Certificate plus 36 PDUs Support from staff and faculty
  • Only $1,499 for the 6 week program Direct access to instructor, expert mentoring, and applied project
Your Instructor

John Driessnack

My goal in teaching is not only to convey a body of knowledge but also help the student incorporate that knowledge into their careers and life. We will discuss how portfolio, program, and project management can be utilized at work and at home. The focus is not to just transmit knowledge but also developing the student’s abilities as a critical thinker and an independent scholar.

Syllabus

Week 1
August 18, 2022 - 6PM to 8PM EST
  • Gain situational awareness by understand the evolution of the ANSI/PMI Portfolio, Program, Project standard constructs
  • Understand the roles and relationships among the players within an enterprise using portfolios
  • Explore the evolution and governance of portfolios within the US Federal Government, with focus on the largest Portfolio framework(s) in the world, the Defense Department
  • Introduction to the Portfolio Strategy artifacts by outlining the components within participants enterprise
Week 2
August 25, 2022 - 6PM to 8PM EST
  • Understanding Portfolio Management Lifecycle across standard’s performance domains.
  • Comprehend structure and relationships from Portfolio down to accounts and packages.
  • Explore the value of portfolio level management information systems .
  • Assess organizational process assets (OPAs).
  • Discuss the components within your enterprise (project part A).
Week 3
September 1, 2022 - 6PM to 8PM EST
  • Understand the fundamentals of Portfolio Management Strategy and Value Management within a Portfolio Management component and governance structure.
  • Explore how using enterprise portfolio framework(s) maximizes value .
  • Mapping strategic planning framework within a strategic portfolio structure
  • Develop your enterprise “to be” portfolio structure .
  • iscuss your enterprise “as is” portfolio structure and processes (project part B)
Week 4
September 8, 2022 - 6PM to 8PM EST
  • Understand the fundamentals of Portfolio Management stakeholder engagement integrating leadership and challenge management concepts.
  • Explore Why and how are digital enterprises decision factories?
  • Develop stakeholder analysis aligned with governance structure
  • Discuss your enterprise “to be” portfolio structure (project part C)
Week 5
September 15, 2022 - 6PM to 8PM EST
  • Improving effectiveness and efficiency by creating capacity and capability within the portfolio structure.
  • Learn challenge (expanded risk) management methods to inform strategy.
  • Develop enterprise portfolio management strategy and roadmap
  • Discuss your capacity and capability needs as program/projects (project part D)
Week 6
September 22, 2022 - 6PM to 8PM EST
  • Portfolio Strategy Pitch Competition (project part E)
  • hat’s are your project(s) within a program to achieve strategic portfolio management