An Introduction to Management of Portfolios (MoP)
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This short 1.5 hour online course introduces the portfolio management concept of MoP in the simplest and fastest possible way. By passing this course, you’ll gain a complete understanding of the concept and you would even be able to apply it in your organization.
If you have multiple projects in your organization, you should definitely learn management of portfolios. It’s not a bigger scale form of project or program management, it’s a totally different concept, focused on maximizing your benefits by choosing/accepting the right projects and programs, and by assigning limited resources to them, in a proper way.
Project Management = Doing things right
Portfolio Management = Doing the right things
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|Section 1: Fundamentals|
This lesson reviews the answer to three basic questions: What’s MoP? What’s a portfolio? And what’s portfolio management? The objective is to create a clear understanding of the basic concepts, which would be useful for the rest of the course.
We’ll have a quick review of the roles and responsibilities and management products of MoP in this lesson. These topics are not a main subject of this introductory course and therefore we won’t go deep into them; just a quick review.
MoP is based on 5 core principles, and we should always have them in mind and adhere to them. Failure in realization of a single principles will decrease chances of success dramatically. This lesson introduces the portfolio management principles.
|Section 2: Cycles|
This lesson introduces the cycles concept of MoP, which are sets of actions or areas we practice for managing the portfolio, followed by a detailed explanation on the first cycle: Definition Cycle.
This lesson review the second and last MoP cycle and its seven practices. This cycle realizes the portfolio plan and ensures that the benefits are realized and organizational strategic objectives are achieved.
|Section 3: Summary|
We’re actually done with the course now. This lesson reviews the whole content, and also mentions some of the common misunderstandings about portfolio management.
My name is Frank Turley - "The PRINCE2 Coach". My objective is to be the best PRINCE2 Trainer / Coach that I can be, so I look forward to your feedback and suggestions
MgmtPlaza specializes in PRINCE2 and Best Practice training, our mission is to make PRINCE2 easy to learn and use and help Project Managers become better Project Managers. MgmtPlaza decided to focus on PRINCE2 after Frank Turley joined a traditional classroom PRINCE2 training and became very frustrated at how this training was done.
Most training organizations have a quota of slides to get through in a given day, so they deliver (dump) slide after slide to the classroom and throw this information out which of course can be difficult for delegates to absorb. The result is that most delegates have to deal with too much information all at once and don't know how all this information relates to each other.
Our approach is very different to this traditional approach, we start with a very easy to understand Introduction to PRINCE2. This introduction is very important as it provides an excellent high level introduction to PRINCE2 and introduces the reader to a lot of PRINCE2 concepts and terms. The main result is that delegates arrive in the classroom with 30% of the information that will be covered during training, therefore they understand a lot more and get much more from the course.
14 years of experience in project planning, project management consultancy, and project board advisement in different industries and environments. Author of more than 40 books, mostly on project management topics. Speaker, instructor, and trainer of various project management topics. Holder of a Civil Engineering BSc and Philosophy of Science MSc; certified as PMP®, PRINCE2® Practitioner, AgilePM® Foundation, CSM®, and PSM I.