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Project Portfolio Evaluation, Selection and Management

Project Portfolio Evaluation, Selection and Management

Course Overview:

The most effective method of implementing an organisation’s strategy is through projects, but for organisations that select a suboptimal mix of projects, the consequences are often dire.

Project portfolio management can be defined as the methods and techniques used by organisations to evaluate current or proposed projects in order to select, organise and manage projects that align to the organisations business strategy. This course is about converting your strategy into an optimal set of tactics.

The goal of this course is to empower you with the theory, terminology, tools, and skills to apply a mathematical approach to portfolio management. This course covers some of the latest research on the psychology of portfolio decision making and it gives attendees a holistic view of the hard and soft factors that affect decision makers. Project portfolio management is an essential skill for any manager who wants to ensure successful strategy implementation.

Course Format:

This course is split into two modules, namely; PF01 and PF02.

The module PF01 is optional for delegates who have a financial background. This module is aimed at people who want to develop their knowledge of numeric financial parameters before taking module PF02. Delegates are required to complete a number of short in-class assignments.

Attendees of PF02 must have knowledge of basic financial calculations such as NPV and IRR. The first two days of the module PF02 covers the theory of portfolio management with a few short in-class assignments. The last half day of PF02 is done two weeks later when delegates must present their assignment results. The main aim of the final session is to discuss the findings from the assignment and to share the different approaches that were taken to arrive at the selected portfolio.

Course Duration:

PF01: 1 day

PF02: 2½ days

Course Benefits:

This course is designed to give attendees the knowledge, structure, and tools to:

  • Translate organisational or business unit strategies into projects
  • Analyse prospective projects quantitatively and qualitatively
  • Develop and apply numerical selection models
  • Apply basic portfolio decision-making models
  • Understand the psychology of portfolio decision making
  • Develop optimised and balanced portfolio scenarios
  • Measure portfolio performance

Course Syllabus:

PF01: This module covers the fundamentals of project numerical evaluation. It covers the calculation of financial evaluation parameters such as payback period, ROI, NPV, IRR etc.

PF02: This module covers the portfolio management process, selection models, decision making, and portfolio balancing. This module includes an assignment which must be presented by delegates 2 weeks after the initial 2-days training.

Who should attend this course?

  • PMO managers
  • Financial managers
  • Project managers
  • Portfolio managers
  • Business unit managers
  • Techno-economists
  • Functional managers

This course is ideally suited for anyone who wants to improve their understanding of portfolio management. The course does not focus on a specific industry and the principles that are taught can apply to any situation.

Training Quality Assurance:

This course incorporates information and practices from the PMI’s Portfolio Management Standard, PMBOK® Guide, and the AACE International’s Total Cost Management Framework.

ProjectLink has been reviewed and approved as a provider of project management training by the Project Management Institute (PMI). This course carries 7 PDUs for PF01 and 18 PDUs for PF02 for PMI® certification holders.

Course Price:

PF01: R3, 500 (excl. VAT) per delegate

PF02: R7, 800 (excl. VAT) per delegate

PF01 & PF02: R10, 300 (excl. VAT)

Physical Address

  • 243 Willem Botha Street
  • Wierda Park
  • Centurion

Postal Address

  • PO Box 52810
  • Wierda Park
  • South Africa
  • 0149

Contact us

  • Phone: +27 (0) 12 660 0010
  • Fax: +27 (0) 12 660 0190
  • Email: sales@projectlink.co.za