Project Portfolio Management

Course Number: PROJMGT 7120
Course Name: Project Portfolio Management (Online)
Course Description:    Organizations are under pressure to complete more complex programs and projects faster than ever and while still satisfying the customer and organizational strategic objectives. However, since resources are limited, only those programs and projects that support the organization's strategies in the first place should be selected. Next, the selected programs/projects need to be monitored and controlled regularly to determine if they continue to support those objectives. If not, those resources should be redirected to other programs and projects. This course focuses on why portfolio management (PM) is essential for organizations, explains how to set up a portfolio management process, describes roles and responsibilities for people involved in PM, evaluates models to use, determines metrics to consider, and presents guidelines to successfully implement PM.
Prerequisites:    PROJMGT 7010 and PROJMGT 7020
Level: Graduate
Credits: 3
Format: Online
Program: Master of Science in Project Management

Registration Instructions

NOTE: The information below is representative of the course and is subject to change.  The specific details of the course will be available in the Desire2Learn course instance for the course in which a student registers.

ADDITIONAL INFORMATION

Learning Outcomes
Upon completion of this course, you should be able to

  • Explain the differences between managing projects, programs, and portfolios.
  • Describe the challenges in project portfolio management.
  • Describe the project portfolio management process.
  • Identify the key roles and responsibilities of a Portfolio Manager, Enterprise Project Management Office, Portfolio Review Board, Program Manager, and Project Manager.
  • Use various project portfolio models.
  • Establish metrics for successful portfolio management.
  • Describe the steps to implement portfolio management in your organization.

Unit Descriptions
Course Organization and Assignment Descriptions

Unit 1: Portfolio Management Key Concepts
Overview

The purpose of this unit is to provide an overview of the key concepts in portfolio management.

Outcomes
Upon completion of this unit, you should be able to

  • Define projects, programs, portfolios, organizational project management, and project portfolio management.
  • Describe the importance of project portfolio management to organizations today.
  • List the benefits of portfolio management.

Unit 2: Transitioning to Portfolio Management
Overview

The purpose of this unit is to present the steps that are needed to transition to an environment in which portfolio management is embraced in the organization.

Outcomes
Upon completion of this unit, you should be able to

  • Explain what must be done to transition from program and project management to project portfolio management.
  • Describe the relationship between portfolio management and enterprise program/project management.
  • Define the project portfolio management process.
  • Explain how project portfolio management can lead to improved project management.
  • Recognize the key milestones in the portfolio management process.

Unit 3: Portfolio Management Model
Overview

The purpose of this unit is to describe various approaches to develop a portfolio management model.

Outcomes
Upon completion of this unit, you should be able to

  • Describe key criteria for preparing and using a portfolio model.
  • Provide examples of quantitative and qualitative indices.
  • Recognize what must be done to develop a project portfolio model.
  • Describe the PMI portfolio process groups.

Unit 4: The Role of the Enterprise Program Management Office in Portfolio Management
Overview

The Enterprise Project Management Office (EPMO) is a critical unit where programs and projects are considered organizational assets, and the organization has adopted a management-by-projects approach.

Outcomes
Upon completion of this unit, you should be able to

  • Describe the portfolio management functions to be performed by an EPMO.
  • Discuss the importance of the EPMO in project portfolio management.
  • Correlate the success of portfolio management to the success of the EPMO and to the success of the organization.
  • Determine whether the portfolio manager should be part of the EPMO.

Unit 5: Implementing Portfolio Management
Overview

Project portfolio management (PPM) represents a culture change for many organizations.  This unit focuses on ways to best implement portfolio management or, if it is in place in an organization, to ensure it is fulfilling its own goals and objectives and is operating at a high level in the organization.

Outcomes

  • Upon completion of this unit, you should be able to.
  • Identify requirements for successful implementation of PPM.
  • Discuss the steps to take to implement project portfolio management.
  • Prepare a WBS for PPM.
  • Prepare a plan to implement PPM.
  • Describe the importance of regular PRB meetings.

 

Grading Criteria for Activities

Assignment Percentage
Group Projects 35%
Icebreaker and Team Charter 4%
Individual Paper Selection 5%
Individual Assignment (Peer Review Journals) 8%
Individual Paper 40%
Team Member Evaluations/Participations 8%
Total: 100%

Grading Scale
A 95% - 100%
B 89% - 94%
C 84% - 88%
F 0% - 83%

 

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