This evenings mini-seminar will shows what you need to understand about a project portfolio in order to recognize the mandatory projects and choose the best among the remaining optional projects. The program emphasizes the on-going relationship between a project’s need to balance scope, schedule, and cost and the portfolio’s need to achieve strategic business objectives.

The agenda will include a quick review of the just-published 2^nd edition of  PMI’s Standard for Portfolio Management and illustrate the review with a worked example. The evening will go on to discuss the nature of mandatory projects, the requirements of the project’s business model, and details on how to be sure that you have constructed the portfolio with the highest business value.

The program will include a detailed discussion of a “composite value table”: why you might need one, and how to build it.  The final topic will expose a classic mistake that many portfolio analysts make and briefly mention the issue of periodically re-balancing the portfolio.

Brief exercises will require that participants remember to bring along a pencil and a calculator.

Upon completion, you will be able to:

·      Understand how a consistent process leads to a successful project portfolio

·      Define the important role of a project’s business model

·      Assess and work within the relative constraints on the portfolio

·      Calculate a project’s composite strategic value

·      Assemble a portfolio of the best projects

·      Avoid some classic mistakes of portfolio management

John M. Nevison PMP

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