Introduction to Project Portfolio Management

Course Specifications

Course length: 2.0 day(s)

Course Description

Course Objective: You will apply generally recognized practices of portfolio management acknowledged by the PMI® and identify the portfolio management processes and knowledge areas to manage portfolios effectively.

Target Student: Managers interested in gaining a basic understanding of portfolio management or developing portfolio management skills relating to business requirements.

Prerequisites: A good understanding or work background in project management.

  • Suggested Element K course: Project Management Fundamentals (Second Edition)
  • Suggested but not required: Project Management Professional (PMP®) Certification: Fourth Edition – Comprehensive

Course Objectives

Upon successful completion of this course, students will be able to:

  • identify the fundamentals of portfolio management.
  • identify the various stages in the portfolio management process.
  • select and prioritize portfolio components.
  • perform risk analysis and develop portfolio risk responses.
  • balance portfolios and authorize portfolio components.
  • monitor and control portfolios.
  • identify the key components of portfolio management implementation in the organization.

Course Content

Lesson 1: Getting Started with Portfolio Management

Topic 1A: Portfolio Management Overview
Topic 1B: Identify the Need for Portfolio Management
Topic 1C: Describe Portfolio Management’s Relationship Within the Organization

Lesson 2: Understanding the Portfolio Management Processes

Topic 2A: Describe Organizational Influences
Topic 2B: Processes in the Portfolio Management Life Cycle

Lesson 3: Selecting and Prioritizing Portfolio Components

Topic 3A: Identify Portfolio Components
Topic 3B: Categorize Portfolio Components
Topic 3C: Evaluate Portfolio Components
Topic 3D: Select Portfolio Components
Topic 3E: Prioritize Portfolio Components

Lesson 4: Performing Risk Analysis and Developing Risk Responses

Topic 4A: Identify the Portfolio Risk Management Processes
Topic 4B: Identify Portfolio Risks
Topic 4C: Analyze Portfolio Risks
Topic 4D: Develop Portfolio Risk Responses

Lesson 5: Balancing and Authorizing Portfolio Components

Topic 5A: Balance a Portfolio
Topic 5B: Communicate Portfolio Adjustments
Topic 5C: Authorize Portfolio Components

Lesson 6: Monitoring and Controlling Portfolios

Topic 6A: Monitor and Control Portfolio Risks
Topic 6B: Review and Report Portfolio Performance
Topic 6C: Monitor Business Strategy Changes

Lesson 7: Examining Portfolio Management Implementation

Topic 7A: Define the PMO’s Relationship with Portfolio Management
Topic 7B: Describe PMO Establishment and Operational Methods
Topic 7C: Describe the Portfolio Management Implementation Process