
Overview of this full course. During this lecture, you will understand the Portfolio Management Institute's requirements of qualification for the PfMP exam. You will also understand the examination content outline.
After completing this section, you will be able to:
Distinguish between the goals of portfolio management, program management, and project management.
Describe the relationships between portfolio management and organizational strategy.
Explain the roles and responsibilities of a portfolio manager.
Describe the Project Management Institute's approach to portfolio management.
After completing this section, you will be able to:
Describe the primary reasons for project failure and project success.
Describe the underlying cause of many project failures.
Explain the impact of multitasking as a tool for sharing resources.
Describe the ingredients for portfolio management success.
After completing this section, you will be able to:
Describe the significance of senior management involvement in portfolio success.
Define the significance of limiting or scarce resources.
Describe techniques for capacity management.
After completing this section, you will be able to:
Determine project value based on a range of considerations.
Apply rules for effective project prioritization.
After completing this section, students will be able to:
Evaluate projects based on considerations other than strategic alignment.
Recognize project value misconceptions.
After completing this section, you will be able to:
Define metrics in the context of portfolio management.
Explain how metrics contribute to portfolio management success.
Evaluate projects on the basis of a weighted scoring model.
After completing this section, you will be able to:
Explain why project portfolio management is difficult in large, complex organizations.
Explain the effect of bias within the priorities of functional units.
Reduce management complexity by planning around the sharing of the limiting resources.
Describe the benefits of having excess capacity of the non-limiting resources.
After completing this section, you will be able to:
Explain the role of the project management office (PMO) in the context of portfolio management.
Describe how coordination contributes to portfolio management success.
Define what the PMO should not be responsible for.
Explain the contribution of the PMO to overall organizational and project success.
Whether you are wanting to expand your knowledge on how to support your company or organization reach their strategic goals or if you are wanting to study and pursue the PfMP Exam, this is the course for you!
We intended this course to reach:
Senior executives responsible for organizational strategy
Managers responsible for developing organizational strategy or for making strategic recommendations
Portfolio managers, project managers, program managers
Members of portfolio, program, or project offices
Operational managers who are impacted by or impact portfolios.
Project team members, customers, and other stakeholders of the portfolio management process.
After completing this course, you will be able to:
Differentiate project portfolio management from other management disciplines.
Relate projects to an organization's strategic objectives.
Develop and apply a project prioritization model that incorporates the many and varied aspects of project value.
Schedule projects on the basis of strategic priorities so as to maximize the benefits derived from an organization's ability to complete projects.
Maximize the volume of projects that can be completed by developing defensive capacity of non-limiting resources.
Maximize the value of projects that are completed by ensuring the right projects are being completed in the right order.
Simplify the portfolio management process by focusing management attention on the bottlenecks to project completion.
Relate portfolio management success to the contribution made by the Project Management Office.