The 4 Pillars Of Portfolio Management - Oliver Lazar
Moderator: Olivier Lazar
Language: in English
Date: 12th November 2018.
Duration: 9:00 - 16:00 h
Name of the hall: „ Mljet/ Lastovo”, Plaza Event Centar
Lunch and coffee break are included in price.
The number of participants in the workshop is limited. Register on time!
Organizations that adopt projects as a mean to achieving change and delivering results often find it difficult to prioritize projects and to make best use of their resources; additionally, many recent surveys have demonstrated that project backlog is a major issue in organizations. Portfolio management is a management approach that aims to align project efforts with the corporate strategy
and optimize the efficient use of resources throughout the organization. This seminar focuses on four major pillars of Portfolio Management:
- Prioritization of projects and other activities, based on their contribution to organizational benefits and their achievability
- Allocation and prioritizing of resources between those projects and activities that have been chosen so that they can deliver the expected benefits
- Monitoring and Controlling of the components of your Portfolio based on the construction and evolution of a Consolidated Risk Profile.
- Gaining Organizational Agility
The course identifies five key activities and techniques to accomplish this:
• Analysing the portfolio of existing and potential projects and activities
• Defining the content of the portfolio according the Strategic Vision
• Selecting the projects and activities to be implemented as part of this portfolio
• Allocating resources to those projects and activities that have been selected
• Collecting and storing project data for performance measurement and portfolio reorientation, based on financial performance, strategic alignment, individual performance of the different components and Risk factors.
The course also discusses the definition of the portfolio in the organization based on its Vision and Strategy.
• Develop and enhance the contributions you make to your organization by being able to:
• Understand alignment with organizational objectives & strategic goals.
• Demonstrate capability to analyse and select organizational initiatives.
• Assign resources to these initiatives in an organized way.
• Optimize use of resources to ensure corporate benefits delivery.
• Take responsibility for change & decisions to realize strategic & business objectives.
• Actively manage business value within a governance framework.
• Recognize why, when and how to use portfolio management.
• Support the development of a portfolio framework and culture.
• Context of Portfolio Management
• Differences between Projects, Programs and Portfolios
• Uncertainty, Ambiguity and Complexity
• The Portfolio Management governance model
• The Organizational Context of Portfolio Management
• Various perspectives of Portfolio Management
• The First Pillar: Organizational Agility
• What is Organizational Agility?
• Organizational Inertia
• Factors of Inertia
• How to overcome Organizational Inertia?
• The Second Pillar: your Organization’s Strategy
• Defining your strategic horizon
• Measuring Organizational Inertia
• Calculating your Strategic Horizon
• Constructing your Strategic Vision
• Strategy and Governance
• Constructing your Portfolio’s Strategy: Building the Opportunity Chain
• Integrating the Opportunity Chain throughout the Organization
• The Third Pillar: Risk
• Specificities of Risk Management at the Portfolio Level
• Assessing Achievability of each component, what’s our level of confidence?
• Consolidating the Individual Risk Profiles of each component
• Exploiting Opportunities or the deadly trap of threat mitigation: A matter of mindset
• The Fourth Pillar: Resource Demand Planning
• Portfolio Management as an Organizational Maturity and Agility trigger
• Q/A. & Feedback
This seminar is designed for experienced project managers, portfolio managers, chief project officers, project directors and senior managers who need to assign resources to projects to deliver corporate strategies. Also, for all project managers, who have a reasonable experience as project leaders and are interested in understanding the way projects are selected