Course overview
This unit specifically addresses how organisations deliver strategic goals and objectives through the selection of a balanced Portfolio and Programs of multiple Projects. This selection balances the needs of 'business as usual' with the need to be disruptive or face disruption in a rapidly changing market. This unit outlines how participants can gain competence in managing this balance of today's requirements with tomorrow's needs. Specifically, this unit will address how an organisation strategically applies management techniques to select, initiate, prioritise, executes and controls initiatives through Portfolio Alignment, Monitoring and Control. The course will also consider how an organisation can benefit from delivering multiple projects in a Program environment including governing, controlling and supporting the organisation's strategy through Program Management. The course objective is to build participants competence in managing portfolios and programs.
Course learning outcomes
- Use best practice principles of portfolios management when balancing investment initiatives (portfolio components) required to align with an organisation's strategic and business objectives and discuss the latest research and development of the principles for portfolio and programs management
- Evaluate portfolio needs with organisational constraints to select the right projects by using critical analysis techniques, creating models to prioritise portfolio initiatives;
- Explain the nature of program management, its focus on benefits realisation, and the inter-relationship between program components
- Establish the appropriate governance, including risk management, for successful achievement of portfolio and program outcomes through understanding of stakeholders needs and influence
- Establish the portfolio and program performance reporting requirements for stakeholders and ensure strategic alignment of portfolios and their components
- Work effectively in a team, to have a positive influence and focus on strategic outcomes.