Program & Portfolio Management (PgMP & PfMP)
By completing the Program & Portfolio Management (PgMP & PfMP) course, participants will gain the expertise needed to effectively manage multiple projects and programs, align them with organizational strategies, and deliver significant business value. This course also provides comprehensive preparation for PgMP and PfMP certification exams, advancing your career in program and portfolio management.
Introduction:
The Program & Portfolio Management (PgMP & PfMP) course is designed for senior-level project managers and those looking to advance their careers by mastering the strategic approach to managing complex programs and portfolios. Whether preparing for PgMP (Program Management Professional) or PfMP (Portfolio Management Professional) certification or simply seeking to enhance their skills, this course provides comprehensive training in the processes, tools, and techniques required to manage large-scale programs and portfolios effectively.
In the context of modern organizations, successful project management goes beyond individual projects. Effective program management integrates multiple projects to achieve strategic business objectives, while portfolio management ensures that projects align with organizational goals. Participants will gain a deep understanding of program and portfolio management principles, and how to drive business value through the effective oversight of multiple projects and programs.
Targeted Groups:
- Senior project managers or program managers looking to formalize and advance their careers.
- Professionals aiming for PgMP or PfMP certification.
- Portfolio managers responsible for aligning projects with strategic objectives.
- Program managers overseeing the delivery of multiple projects under one umbrella.
- Business executives and leaders involved in strategic planning and resource allocation for programs and portfolios.
- Consultants and advisors in project and portfolio management.
Course Objectives:
Upon completing the Program & Portfolio Management (PgMP & PfMP) course, participants will be able to:
- Understand the key concepts and principles of program management and portfolio management.
- Develop and implement strategies for managing multiple projects and aligning them with organizational goals.
- Apply best practices in managing project interdependencies and achieving business outcomes through effective program and portfolio oversight.
- Integrate program and portfolio management processes with project management methodologies (PMBOK, Agile, etc.).
- Prepare for PgMP and PfMP certification exams through comprehensive exam-focused preparation.
- Develop skills for managing program governance, risks, and stakeholders.
- Understand and manage resource allocation, budgets, and timelines across multiple projects within a program or portfolio.
- Effectively communicate program and portfolio performance to executives and other key stakeholders.
- Leverage tools and techniques for monitoring and controlling programs and portfolios to achieve strategic goals.
Targeted Competencies:
By completing this course, participants will gain the following competencies:
- Strategic Program Management: Ability to align programs with business strategy and organizational goals.
- Portfolio Optimization: Skills in evaluating, prioritizing, and managing a portfolio of projects to maximize organizational value.
- Risk Management in Programs and Portfolios: Ability to identify, assess, and mitigate risks across multiple projects and programs.
- Governance and Stakeholder Management: Competence in implementing governance frameworks and effectively managing stakeholders at all levels.
- Resource and Budget Management: Proficiency in optimizing resource allocation and managing program budgets.
- Program & Portfolio Performance Monitoring: Expertise in using tools and techniques to monitor the performance of multiple projects, ensuring alignment with strategic objectives.
- Change and Transition Management: Skills in managing change and ensuring smooth transitions between projects and programs.
Benefits of Program & Portfolio Management Training:
This course will equip participants with advanced program and portfolio management skills, enabling them to manage complex and strategic initiatives effectively. By mastering PgMP and PfMP principles, participants will ensure that their organizations execute projects and programs aligned with strategic goals, maximize business value, and manage risks and resources effectively. This training also prepares professionals to succeed in PgMP and PfMP certification exams, which are globally recognized and valued in the project management profession.
Course Outline:
Unit 1: Introduction to Program & Portfolio Management
- Overview of Program Management and Portfolio Management concepts.
- Understanding the differences and relationships between projects, programs, and portfolios.
- Key responsibilities of Program Managers and Portfolio Managers.
- Importance of program and portfolio management in achieving organizational strategic objectives.
Unit 2: Aligning Programs and Portfolios with Organizational Strategy
- Defining the strategic goals of an organization.
- Aligning programs and portfolios with business strategy.
- Techniques for prioritizing projects within a portfolio based on strategic objectives.
- Balancing project interdependencies and optimizing portfolio performance.
- Developing and managing program and portfolio roadmaps.
Unit 3: Governance and Risk Management
- Establishing effective governance frameworks for programs and portfolios.
- Defining roles and responsibilities in program and portfolio governance.
- Identifying and managing risks at the program and portfolio levels.
- Implementing risk management strategies and tools for program and portfolio oversight.
- Monitoring and controlling program and portfolio performance.
Unit 4: Resource and Budget Management in Programs & Portfolios
- Techniques for managing resource allocation across multiple projects and programs.
- Developing and controlling program and portfolio budgets.
- Evaluating the financial performance of programs and portfolios.
- Ensuring optimal resource utilization and preventing resource overallocation.
- Integrating resource and budget management processes within program and portfolio frameworks.
Unit 5: Managing Program Interdependencies and Stakeholders
- Identifying and managing interdependencies between projects in a program.
- Managing stakeholders’ expectations and ensuring effective communication.
- Conflict resolution and negotiation skills for program and portfolio managers.
- Developing stakeholder management plans for programs and portfolios.
- Creating and implementing a communication strategy to keep stakeholders informed.
Unit 6: Program Performance and Value Delivery
- Understanding the role of program management in delivering value.
- Establishing Key Performance Indicators (KPIs) for program success.
- Techniques for measuring program outcomes and portfolio value.
- Implementing tools such as Earned Value Management (EVM) and Balanced Scorecards to track performance.
- Managing program lifecycle stages: initiation, planning, execution, closure.
Unit 7: Change Management in Programs & Portfolios
- Managing changes within programs and portfolios.
- Understanding change control processes and their impact on project and program scope.
- Strategies for mitigating the impact of changes on program and portfolio performance.
- Communicating changes to stakeholders and adjusting program goals accordingly.
- Preparing for and managing transitions between project phases within a program.
Unit 8: PgMP & PfMP Certification Exam Preparation
- Overview of the PgMP and PfMP certification requirements.
- Reviewing key concepts and processes outlined in the PMBOK Guide and other relevant frameworks.
- Practice exams and exam-focused strategies for passing the PgMP and PfMP exams.
- Tips for managing exam time and handling case study questions.
- Final review and discussion of common exam pitfalls and best practices.
