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| Overview |
| Why are so many of today’s technology projects “dead on arrival?” Maybe we are selecting the wrong projects for investment. Why are resources our most common “bottle neck?” Perhaps we don’t understand our project priorities. Why do so many projects turn into “money pits?” Maybe we don’t know when to terminate them. This seminar provides you with the tools and techniques that will help you select the right projects for investment, prioritize them against the other projects competing for the same pool of resources, terminate them when they don’t meet the target objectives, and complete them successfully to meet organizational goals. |
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| This seminar presents a management methodology that will help you maximize business value and multiply return on investment (ROI) for your organization. It focuses on a framework that directly links business strategy to business value – an ideal fit to measure, manage, and maximize the performance of a project portfolio. It presents a portfolio scorecard (PSC) that promotes strategic alignment and eliminates projects that have little or no strategic value. It demonstrates an important investment principle called “efficient frontier” which will help you maximize the performance of your portfolio. Furthermore, it provides a metrics-driven discipline for assessment, prioritization, selection, tracking, and management of projects in a portfolio. Through case studies and real world examples you will learn how to achieve organizational goals by managing projects under the portfolio framework. |
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| Who Should Attend |
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Senior managers |
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Portfolio managers |
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Program managers |
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PMO managers and staff |
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Project planners |
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Senior project managers |
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| Upon successful completion of the course, all course participants will be awarded 14 Professional Development Units (PDUs) recognised by PMI.® |
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| What You Will Learn: |
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Define a project, program, and a portfolio. |
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Define business value and return on investment. |
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Delineate an overall project portfolio management (PPM) methodology. |
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Illustrate the role of a project portfolio in translating strategy into results. |
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Apply a Nobel Prize winning principle of financial investment known as “efficient frontier” to project portfolios to optimize their performance. |
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Describe basic concepts of the Balanced Scorecard (BSC) and apply the BSC approach to measure, manage, and maximize the performance of a project portfolio. |
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Discuss classification of projects that will help you in effective allocation and management of resources. |
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Introduce the Initial Project Assessment (IPA) and Mid Project Assessment (MPA) processes. |
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Present quantitative techniques to objectively assess a project for its own merit and its relative merit against other projects. |
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Illustrate the use of weighted scoring models to quantify project intangible benefits. |
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Evaluate decision techniques that clarify choices involving both risks and opportunities. |
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Define criteria to prioritize projects. |
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Build a business case for each project and rank and prioritize projects based on strategic fit, risks, opportunities, and other key criteria. |
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Delineate criteria to determine when a project no longer serves its purpose and needs to be terminated. |
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Discuss seven reasons why your portfolio may be underperforming and what to do about it. |
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| Introduction |
- Definitions
- Projects, Programs, & Portfolios
- Life Cycle of Portfolio Components
- Funnel & Filters: Life Cycle Model
- Why Portfolio Management?
- PPM Discipline Today
- PPM Methodology: Phases & Processes
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| Portfolio Design |
- Basic Portfolio Theory
- Portfolio Comparison: Financial & Project
- Portfolio Design Processes
- Strategic Alignment
- CSFs and KPIs
- Portfolio Balancing
- Project Categorization
- Category Allocation
- Resource Capacity
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| PPM Tools & Techniques |
- Non-numeric Models
- Numeric Financial Models
- Decision Trees
- Best, Worst, & Most Likely Cases
- Challenges in Financial Modeling
- Numeric Scoring Models
- Weighted Scoring Model
- Ranking Models
- PPM Scorecard (PSC)
- Spider Charts
- Bubble Diagrams
- Dashboards
- PPM Software
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| Portfolio Construction |
- Portfolio Construction Processes
- Project Identification
- Project Categorization
- Project Assessment
- Project Business Plan
- Project Prioritization
- Project Selection
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| Portfolio Control |
- PPM Control
- Mid Project Assessment
- Why Terminate a Project?
- Portfolio Redistribution
- Portfolio Assessment
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Dr. Prasad Kodukula, PMP, is an award-winning speaker, executive coach, author, and inventor with more than 25 years of professional experience. He is President of Kodukula & Associates, Inc. |
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| (www.kodukula.com), a project management training, coaching, and consulting company based out of Chicago, Illinois, USA. |
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| He has spoken to audiences spanning 26 countries on a variety of topics including project, program, and project portfolio management; leadership; and creativity/innovation. Dr. Kodukula has trained or coached several thousands of project and program managers at more than 20 Fortune 100 companies (e.g., Abbott Labs, Boeing, Chrysler, Cisco, Corning, IBM, Motorola, UTC), the City of Chicago, and the United States government. He presents keynote speeches and conducts seminars for various professional and trade associations including the Project Management Institute.
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| A co-founder and President of 2Ci (www.2ci.com), a Chicago-based environmental protection and homeland security technology company, Dr. Kodukula is also involved in developing patented and patent-pending technologies for commercial application. Previously, Dr. Kodukula held positions as R&D director at a bio-environmental technology start-up, senior engineer at a global petrochemical corporation, and senior project manager at an international engineering consulting firm. He also taught senior/graduate courses at the Illinois Institute of Technology, West Virginia University, and University of Kansas.
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| Dr. Kodukula’s educational background includes baccalaureate degrees in chemistry, biology, and education. He holds an M.S. in environmental science from Rutgers University, an M.S. in environmental engineering from Cornell University, and a Ph.D. from the Illinois Institute of Technology. He also has a Master’s Certificate in project management from the George Washington University. Dr. Kodukula is certified as a Project Management Professional® (PMP®) by the Project Management Institute. He is a coauthor or contributing author of seven books and more than 40 technical articles. His latest book Project Valuation Using Real Options: A Practitioner’s Guide was published in 2006. His next book on project portfolio management is due for publication in 2008. |
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