Course Details

Strategic Project Portfolio Management Training Course: Aligning project portfolios with organizational strategy for maximum value

Introduction

Elevate your organization's success by mastering the art of Strategic Project Portfolio Management. In a rapidly changing business landscape, simply managing individual projects isn't enough; true competitive advantage comes from ensuring every project contributes directly to your overarching strategic goals. This intensive 10-day training course equips senior leaders and portfolio managers with advanced techniques to align project investments with organizational strategy, optimize resource allocation, manage risk across the portfolio, and maximize business value. Learn to make data-driven decisions that translate strategic vision into tangible, high-impact project outcomes, driving sustainable growth and innovation.

Duration

10 Days

Target Audience

This course is designed for senior project managers, program managers, PMO directors/managers, senior business leaders, strategic planners, and executives who are responsible for project selection, prioritization, resource allocation, and ensuring that project investments align with organizational strategy. It is particularly beneficial for those in:

• Organizations seeking to improve their strategic execution and value delivery.
• Roles requiring a holistic view of all projects and programs within an enterprise.
• Environments challenged by limited resources and competing priorities.
• Leaders aiming to bridge the gap between strategic planning and project delivery.
• Professionals involved in capital allocation and investment decisions.

Course Objectives

Upon successful completion of the "Strategic Project Portfolio Management" training course, participants will be able to:

• Understand the fundamental principles and benefits of Strategic Project Portfolio Management (SPPM).
• Define organizational strategy and effectively translate it into actionable project portfolios.
• Develop robust processes for project selection, prioritization, and alignment with strategic objectives.
• Master techniques for optimizing resource capacity across the entire project portfolio.
• Implement effective risk management strategies at the portfolio level.
• Design and utilize key performance indicators (KPIs) and metrics for portfolio performance measurement and reporting.
• Leverage portfolio management tools and software for enhanced decision-making and oversight.
• Establish effective governance structures for strategic portfolio management.
• Navigate challenges related to stakeholder engagement, organizational culture, and change management in SPPM implementation.
• Formulate a comprehensive strategic roadmap for implementing or improving SPPM within their organization.

Course Modules

Module 1: Introduction to Strategic Project Portfolio Management (SPPM)

• Defining Project, Program, and Portfolio Management: Understanding the hierarchy and distinctions.
• The strategic imperative: Bridging the gap between strategy formulation and execution.
• Benefits of effective SPPM: Maximizing value, optimizing resources, managing risk, improving alignment.
• Key components of an SPPM framework: Selection, Prioritization, Planning, Monitoring, Control.
• Case studies of organizations that excel (or struggle) with SPPM.

Module 2: Defining and Decomposing Organizational Strategy

• Understanding strategic planning frameworks (e.g., Balanced Scorecard, SWOT, Porter's Five Forces).
• Translating strategic objectives into measurable outcomes and initiatives.
• Identifying strategic themes and drivers for project portfolios.
• Developing a strategic breakdown structure for portfolio alignment.
• Communicating strategy effectively across all levels of the organization.

Module 3: Portfolio Selection and Strategic Alignment

• Generating a pipeline of potential projects and initiatives.
• Developing a clear set of strategic criteria for project evaluation.
• Techniques for initial screening and feasibility assessment.
• The role of business cases in justifying strategic investments.
• Ensuring every project selected directly contributes to strategic goals.

Module 4: Portfolio Prioritization and Optimization

• Various prioritization methods: Scoring models, forced ranking, weighted scoring, benefit/cost analysis.
• Optimization techniques: Maximizing value, minimizing risk, balancing resource utilization.
• Bubble Charts and Strategic Grids: Visualizing portfolio balance.
• Dealing with competing priorities and conflicting stakeholder interests.
• Decision-making frameworks for portfolio-level trade-offs.

Module 5: Resource Capacity Planning and Management

• Assessing current organizational resource capacity and capabilities.
• Forecasting future resource demands based on the portfolio pipeline.
• Identifying resource gaps and developing strategies to address them (e.g., hiring, training, outsourcing).
• Resource leveling and smoothing across multiple projects and programs.
• Optimizing resource utilization and preventing bottlenecks at the portfolio level.

Module 6: Portfolio Risk Management

• Understanding portfolio-level risks: Market changes, technology shifts, strategic misalignment.
• Aggregating and analyzing risks from individual projects to the portfolio.
• Developing portfolio-wide risk mitigation and response strategies.
• Quantifying portfolio risk exposure and its potential impact on strategic objectives.
• Building portfolio resilience and adaptability.

Module 7: Portfolio Performance Measurement and Reporting

• Defining key performance indicators (KPIs) for portfolio success (e.g., strategic contribution, ROI, on-time/on-budget delivery).
• Designing executive-level dashboards and reports for portfolio visibility.
• Communicating portfolio health and progress to senior leadership and stakeholders.
• The importance of regular portfolio reviews and re-baselining.
• Using metrics to drive continuous improvement in SPPM processes.

Module 8: Portfolio Governance and Organizational Structure

• Establishing a clear portfolio governance framework: Roles, responsibilities, decision-making authority.
• The role of the Portfolio Management Office (PMO) in SPPM.
• Integrating SPPM with existing organizational structures and processes.
• Ensuring executive sponsorship and ongoing commitment for the portfolio.
• Developing clear escalation paths for portfolio-level issues.

Module 9: Implementing and Sustaining SPPM

• Overcoming common challenges in SPPM implementation (e.g., cultural resistance, data quality, tool selection).
• Change management strategies for adopting a portfolio-centric mindset.
• Fostering a culture of strategic alignment and accountability.
• Continuous improvement: Iterative refinement of SPPM processes.
• Leveraging technology to support SPPM initiatives (software features, integration).

Module 10: Advanced Topics & Future Trends in SPPM

• Agile Portfolio Management: Adapting SPPM for dynamic environments.
• Value Stream Management and its connection to SPPM.
• The impact of Artificial intelligence (AI) and data analytics on portfolio decision-making.
• Portfolio management in a digitally transformed enterprise.
• Developing a comprehensive action plan for implementing or maturing SPPM in your organization.

CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com