A PMI Approved Training Course
Effective Portfolio & Project Management (PPM) Towards Vision 2030 Realization
Avoiding the Pitfalls of Strategy Implementation
Course Introduction
Following Vision 2030's launch, Saudi Arabia launched the Vision Realization Programs (VRPs) to translate Vision 2030 into action. To implement the strategy, concerned organizations were required to align their activities through approved delivery plans tied to 5-year milestones. Portfolio management aims at providing senior management with a collection of coordinated strategic processes that enable a more effective balance of strategic initiatives and business as usual. At the same time, project management aims at managing those strategic initiatives and operational projects by providing the services and products that will support the realization of the strategic objectives.
This Effective Portfolio & Project Management (PPM) Towards Vision 2030 Realization training course shall provide the principles, practices, tools and techniques of portfolio and project management that enables a successful realization of the vision and the strategies related to it.
This Effective Portfolio & Project Management (PPM) Towards Vision 2030 Realization training course will feature:
- The relation between the vision, strategy implementation, and portfolio management
- The pitfalls facing the realization of visions and implementation of strategies
- The principals and model of portfolio management
- The practices for effectively identifying and defining the portfolio of projects
- The practices for the successful delivering, managing and governing the portfolio
- Project management principles and domains according to the new PMBOK® Guide
Training Objectives
By the end of this training course, participants will be able to:
- Design a structured methodology to vision realization and strategy implementation
- Implement portfolio management and a portfolio office within the VRO
- Select, define and initiate the best mix of initiatives and projects that supports the vision realization
- Successfully deliver the portfolio with the desired benefits and mitigated risks
- Apply the principles of good governance on portfolio management
- Successfully apply project management principles on different project performance domains
Training Methodology
This course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The facilitator will introduce each of the core topics using a lecture format supported by workshops and exercises for each step of portfolio definition and delivery. Peer learning is promoted as delegates are encouraged to discuss how techniques may apply within the Vision 2030 realization initiatives.
Who should Attend?
This Effective Portfolio & Project Management (PPM) Towards Vision 2030 Realization training course is suitable to a wide range of professionals involved in planning and implementing strategies towards achieving their contribution of Vision 2030:
- Senior managers involved strategy planning and implementation
- Senior managers involved in the governance and strategic alignment of project portfolios
- Experienced Managers
- Heads of Department
- Leaders and Executives
- Experienced programme and project managers
Course Outline
- Course Opening and Pre-Course Assessment
- Understanding the vision, mission and strategy concepts
- Strategy realization pitfalls, and how to overcome them
- Principals of successful portfolio management to implement strategies
- The portfolio management model
- Relationship between strategy, and portfolio, programme and project management (PPM)
- Coordinating portfolio management with key corporate functions
- Assessing Readiness for strategy implementation and Portfolio Management Maturity
- Understanding the needed new initiatives and existing projects to support strategy
- Selecting and categorizing the portfolio
- Prioritizing the selected portfolio components according to strategic objectives and other criteria
- Balancing and optimizing the selected portfolio to find the best mix supporting the vision.
- Developing a portfolio strategy and portfolio delivery plan
- Case Study and Q/A
- Using management control practices to monitor and control at portfolio level
- Benefits management as an important factor in realizing strategies and vision
- Financial management, staged release of funds and aligning cycles of strategic, portfolio and financial planning
- Stakeholder engagement and aligning plans from different portfolio components
- Resource management: balancing the demand and supply cycles
- Case Study and Q/A
- Portfolio risk management best practices
- Differences between management and governance
- Portfolio and project governance board(s)
- Coordination with organizational governance
- The vision realization office (VRO) and the portfolio, programme and project offices (EPMO)
- How to implement portfolio management and an EPMO
- Case Study and Q/A
- Selecting the appropriate project delivery method (Predictive / Hybrid / Adaptive)
- The principles of project management according to PMBOK® Guide, 7th Edition
- The project performance domains according to PMBOK® Guide, 7th Edition
- Overview of the methods, tools and techniques to mange projects
- Case Study and Q/A
Accreditation
Providers and Associations
Certificates
- Copex Certificate of Attendance will be provided to delegates who attend and complete the course
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