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.
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.
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.