Project Portfolio & Risk Management

• Key Definitions
• The PMBOK® Six Risk Management Processes
• Purpose & Benefits of Risk
• Responsibilities in Project Risk Management
• Integrating Risk Management into the Project Management Process
• Risk Management Planning
• Risk Planning Process

• The Effect of Project Macro-Environment on Risk
• The Effect of Project Complexity on Risk
• Risk Identification Techniques
• Managing Risk through Project Estimating
• Managing Risk through Earned Value Management
• Schedule Risk Management – Critical Path Method & PERT

• Qualitative Risk Analysis
• Bow-Tie Risk Analysis Technique
• Probability/Impact Risk Matrix Technique
• Quantitative Risk Analysis
• Monte Carlo Simulation
• Decision Trees and Expected Monetary Value
• Managing Project Risks through Integrity Assurance

• Risk Prioritisation
• Risk Response Strategy Guidelines
• Response Strategies for Threats & Opportunities
• Response Planning & Analysis
• Alternative Responses
• Risk Response Validation
• Contingency & Management Risk Reserves

• Resource Management
• Risk Control Guidelines
• Risk Control Inputs
• Risk Control Tools & Techniques
• Risk Control Outputs
• Risk Reporting & Documenting
• Course Summation & Work Session Review

• Key definitions of portfolio and portfolio management
• Portfolio management model
• Relationship between the principles, cycles, practices and relevant techniques
• Differences between portfolios, programmes and projects
• Differences between portfolio, programme and project management
• How local context can affect MoP principles & practices - how to adopt cost effective approaches
• Objectives and benefits of portfolio management
  

Portfolio Selection & Implementation

• The need for a portfolio approach to investment
• The approaches to implementing relevant portfolio management
• Benefits of assessing the impact of portfolio management
• Factors required to sustain progress
• Approaches to assessing portfolio management maturity

• Six key functions/activities that portfolio management needs to coordinate with to achieve strategic objectives
• Identify how portfolio management can:
  • Coordinate with all other stratagems to deliver strategic objectives
  • Support effective corporate governance

Portfolio Management Governance

• The principles upon which effective portfolio management is based
• Senior management commitment
• Governance alignment
• Strategy alignment
• Portfolio office
• Energized change culture
  

• Terms & concepts relating to the portfolio definition cycle
• Three-point estimating and reference class forecasting
• What is involved and the keys to success
  

Portfolio Risk Management

• Portfolio Risk Management process
• An Enterprise View of Risk & Governance
• Risk Drivers & Metrics

Portfolio Delivery Cycle

• Portfolio delivery practices
• Tried and tested techniques for delivery practice
• What is involved, the main elements, and keys to success
  

• Purposes and responsibilities of the main portfolio management roles identified in MoP
• Purposes of the main portfolio management documentation

Portfolio Risk & Return

• Return Measures
• Risk Characteristics

Applying the Portfolio Definition Cycle

• Apply and tailor practices and techniques of the portfolio definition cycle to a scenario
• Identify appropriate practices and techniques within the portfolio definition cycle
• Identify, analyze and distinguish between appropriate and inappropriate application of portfolio definition practices and techniques to a scenario

• Apply and tailor the practices, techniques and responsibilities of the portfolio delivery cycle to a scenario
• Identify appropriate practices and techniques within the portfolio delivery cycle
• Identify, analyze and distinguish between appropriate and inappropriate application of portfolio delivery practices to a scenario
• Analyze whether the approaches adopted are appropriate, with reasons, in a given scenario
• Analyze whether the portfolio documentation is fit for purpose, with reason