Portfolio Management Professional
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Portfolio Management Professional Course
Introduction:
Implementing strategic initiatives requires a systematic and structured approach to bridge the gap between strategy formulation and successful execution. Formal portfolio management has emerged as the most effective way to achieve this alignment and ensure the realization of strategic objectives. By adopting portfolio management practices, organizations can effectively invest their resources in the right projects, programs, and operations to deliver the expected value.
The role of portfolio managers is crucial in this process. These skilled professionals oversee the entire portfolio of projects and programs within an organization, ensuring that each initiative is aligned with the overall strategic direction. They make informed decisions about resource allocation, prioritization, and risk management to maximize the value generated from the portfolio.
The key objective of portfolio management is to balance the organization's investment portfolio in a way that optimizes the achievement of strategic goals. By carefully selecting and prioritizing projects and programs, portfolio managers ensure that resources are allocated to initiatives that align with the organization's strategic priorities and have the potential to deliver the desired outcomes.
Through effective portfolio management, organizations can eliminate redundant or low-value projects, streamline operations, and focus their efforts on initiatives that create the most significant impact. This approach enhances the organization's ability to adapt to changing market conditions, seize opportunities, and effectively allocate resources for maximum return on investment.
In this training course on portfolio management, participants will gain a comprehensive understanding of the principles and practices involved in aligning strategic initiatives with organizational goals. They will learn how to evaluate and select projects and programs based on their alignment with strategic objectives and expected value. Additionally, participants will acquire the skills needed to effectively manage portfolios, including resource optimization, risk management, and performance tracking.
Join us in this course to unlock the full potential of portfolio management and ensure the successful implementation of strategic initiatives. Through practical insights, case studies, and interactive exercises, participants will learn how to bridge the gap between strategy and implementation, driving organizational success and delivering value through effective portfolio management.
Course Objectives:
After completing this Portfolio Management Professional Certificate course, you should learn how to:
- identify the steps needed to complete your exam application and meet the required criteria
- prepare to pass the PMI® PgMP® certification examination
- Understand the whole process of project portfolio management and how it contributes to organizational success
- Learn about the benefits of portfolio management
- Understand the strategic planning process, tools and techniques
- align and manage the portfolio, strategically, to satisfy organizational objectives and priorities, through benefit realization
- articulate and emulate the role of a portfolio manager
- apply the principles and skills of a portfolio manager to your real-world environment
- study and prepare for the PfMP® Examination
- apply for the certification and pass the initial panel review on your application
Who Should Attend?
This Portfolio Management Professional Certificate course is ideal for:
- Practitioners who use portfolio management and who are looking to validate their knowledge, skills, and experience.
- If you’re an executive or senior-level practitioner managing a portfolio of projects and programs aligned with organizational strategy and focused on doing the right work, then the PfMP is the right choice for you.
Course Outlines:
PfMP® Exam Overview
- Details of the PfMP®Certification process
- PfMP® Exam Application
Introduction to Portfolio Management
- Projects, program, and portfolios
- A portfolio management process
- Strategy and value
- The role of the portfolio manager
- The role of key stakeholders
- Life cycle management
The Portfolio Life Cycle
- Overview of Life Cycle
- Portfolio Management Information System (PMIS)
- Governance within the Portfolio Life Cycle
Strategic Management
- Strategy concepts
- Supporting documentation and the strategic plan
- Planning and optimization
- Organizational risk appetite
- Managing strategic change
Governance Management
- Overview and Guiding Principles
- The Concept of Governance
- Effective Design Factors
- Governance Roles
Capacity and Capability Management
- Overview and Guiding Principles
- Capacity Management and Planning
- Supply and Demand (Management and Optimization)
- Organization Capabilities (Assessment and Development)
- Performance Management (Reporting, Analytics, and Balance)
Stakeholder Engagement
- The Importance of Stakeholders
- Overview and Guiding Principles
- Definition and Identification
- Analysis and Planning
- Communications Approaches and Management
Value Management
- Overview (Guiding Principles, Definition, and Components)
- Negotiating Expected Value
- Maximizing Value
- Assuring Value
- Realizing Value
- Measuring and Reporting Value
Risk Management
- Overview and Guiding Principles
- Portfolio Risk Planning
- Portfolio Risk Identification
- Portfolio Risk Assessment
- Portfolio Risk Response