APMG: Management Of Portfolios (MoP™): Foundation

Product Description

Overview

Portfolio management helps organisations make decisions about implementing the right changes to business as usual. Rather than being a new discipline, portfolio management builds on, & co-ordinates, existing processes such as strategic planning, investment appraisal along with project & programme management. The Management of Portfolios (Mo P?) guidance provides advice & examples of how to apply principles, practices, & techniques that together enable the most effective balance of organisational change & business as usual.
The class aims to be methodology independent & uses generic terms as far as possible.
The Mo P? foundation qualification is aimed at those involved in a range of formal & informal portfolio management roles encompassing investment decision making, project & programme delivery, & benefits realization. It is relevant to all those involved in the selection & delivery of business change initiatives including:
? Members of management boards & Directors of Change
? Senior Responsible Owners (SROs)
? Portfolio, Programme, Project, Business Change, & Benefits Managers
? Business Case writers & project appraisers.
The objectives of this class is to provide the students with a thorough grounding in the principles, practices, techniques, roles, responsibilities, documents, & organizational context within which portfolio management operates. Specifically to know & understand the:
? Scope & objectives of portfolio management & how it differs from programme & project management.
? Benefits from applying portfolio management context within which it operates.
? Principles upon which successful portfolio management is based.
? Approaches to implementation, the factors to consider in maintaining progress, & how to assess the success of portfolio management.
? Purposes of the portfolio management definition & delivery cycles & their component practices, & relevant techniques applicable to each practice.
? Purpose & key content of the major portfolio documents.
? Scope of key portfolio management roles.
Qualifications are offered at two levels: initially at Foundation, & later in 2011 at Practitioner level.
Class outline
Module 1 Overview
? The definitions of portfolio & portfolio management
? The portfolio management model & the relationship between the principles, cycles, practices & relevant techniques
? The differences between portfolios & portfolio management on the one h&, & projects/project management & programmes/programme management on the other
? The local circumstances that will affect how the Mo P? principles & practices will be adapted & how cost effective approaches can be adopted
? The objectives & benefits of portfolio management
Module 2 Implement, sustain & measure
? The three broad approaches to implementing portfolio management; when each approach to implementation is most relevant, the advantages of planned approaches to implementation
? The benefits of assessing the impact of portfolio management
? Seven steps (and their benefits) in a staged implementation of portfolio management
? The factors to consider in sustaining progress
? Approaches to assessing portfolio management maturity
Module 3 Strategic & organizational context
? The 6 key functions/activities that portfolio management needs to coordinate with to achieve strategic objectives
? Identify how portfolio management can:
o Coordinate with Business As Usual, strategic planning, resource allocation & budgeting, project & programme management, performance management to deliver strategic objectives
o Support effective corporate governance
Module 4 Portfolio management principles
? The 5 principles upon which effective portfolio management is based
o senior management commitment
o governance alignment
o strategy alignment
o portfolio office
o energised change culture
Module 5 Portfolio definition cycle
? The portfolio definition practices:
o Understand
o Categorize
o Prioritize
o Balance
o Plan
? Understand the terms & concepts relating to the portfolio definition cycle.
? The techniques of:
o Three point estimating & reference class forecasting
o Driver-based strategic contribution analysis
o Multi-criteria analysis
o Decision conferencing
o Clear line of sight
? What is involved & the keys to success
Module 6 Portfolio delivery cycle
? The portfolio delivery practices:
o Management control
o Benefits management
o Financial management
o Risk management
o Stakeholder engagement
o Organizational governance
o Resource management
? The techniques of:
o Management by exception
o One version of the truth
o Staged release of funding
o Clear line of sight reporting
o Champion-challenger model
? What is involved, the main elements, & keys to success
Module 7 Roles & documentation
? The purposes & responsibilities of the main portfolio management roles identified in Mo P?
? The purposes of the main portfolio management documentation