Project Portfolio Management Training Course For Engineering Organizations

Introduction

In today's competitive landscape, effective Project Portfolio Management (PPM) is crucial for engineering organizations to align projects with strategic goals, optimize resource allocation, and maximize returns on investment. This advanced training course is specifically designed for leaders and managers in engineering sectors aiming to master the art and science of portfolio selection, prioritization, and oversight. Participants will learn how to build a robust project portfolio, evaluate project proposals, manage interdependencies, and drive strategic initiatives, ensuring that the right projects are undertaken at the right time to achieve organizational objectives. Our curriculum emphasizes practical frameworks and real-world application, equipping you to transform your organization's project delivery capabilities.

This engineering PPM training course is vital for companies in Kenya seeking to enhance their strategic agility and project success rates. Mastering project prioritization for engineering firms and understanding strategic project alignment are indispensable for efficient resource utilization and achieving sustainable growth. This program offers an unparalleled opportunity to elevate your expertise in portfolio optimization for engineering projects, ensuring your organization invests wisely, mitigates risks effectively, and consistently delivers high-value engineering outcomes.

Target Audience

• Engineering Directors and Executives
• Portfolio Managers
• Program Managers in Engineering
• Senior Project Managers
• Strategic Planners in Engineering Firms
• PMO Directors/Managers
• Business Unit Leaders (Engineering)

Course Objectives

• Understand the fundamental principles and benefits of Project Portfolio Management.
• Align project portfolios with the overall strategic objectives of the engineering organization.
• Develop a robust framework for project selection and prioritization.
• Master techniques for evaluating project proposals based on various criteria.
• Optimize resource allocation across multiple engineering projects.
• Manage interdependencies and risks within the project portfolio.
• Implement effective governance structures for portfolio oversight.
• Track and report on portfolio performance to key stakeholders.
• Develop strategies for balancing short-term and long-term projects.
• Understand the role of technology and tools in supporting PPM.
• Lead cultural change necessary for successful PPM adoption.
• Continuously improve the organization's project portfolio management maturity.
• Drive maximum value and return on investment from the project portfolio.

DURATION

10 Days

COURSE CONTENT

Module 1: Introduction to Project Portfolio Management

• Defining Project Portfolio Management (PPM)
• Differences between projects, programs, and portfolios
• Benefits of effective PPM for engineering organizations
• Key concepts and terminology in PPM
• The strategic role of PPM in organizational success

Module 2: Strategic Alignment and Portfolio Definition

• Linking project portfolios to organizational vision and goals
• Developing a clear portfolio strategy
• Identifying strategic drivers and success metrics
• Defining portfolio components and boundaries
• Stakeholder engagement in portfolio definition

Module 3: Project Selection and Prioritization

• Criteria for evaluating project proposals
• Quantitative and qualitative project scoring models
• Prioritization techniques: forced ranking, weighted scoring, benefit-cost analysis
• Balancing the portfolio: risk, reward, and resource availability
• Go/No-Go decision-making processes for projects

Module 4: Resource Management and Capacity Planning

• Assessing organizational resource capacity
• Allocating resources across competing projects
• Managing resource conflicts and bottlenecks
• Role of skills inventories and resource pools
• Forecasting future resource needs for the portfolio

Module 5: Portfolio Risk Management and Interdependencies

• Identifying and assessing portfolio-level risks
• Strategies for mitigating portfolio risks
• Managing dependencies between projects and programs
• Contingency planning for portfolio disruptions
• Integrating risk management with portfolio decision-making

Module 6: Portfolio Governance and Performance Reporting

• Establishing effective portfolio governance structures
• Roles and responsibilities within PPM governance
• Key performance indicators (KPIs) for portfolio health
• Reporting mechanisms and dashboards for stakeholders
• Conducting regular portfolio reviews and audits

Module 7: Continuous Improvement and PPM Maturity

• Assessing current PPM maturity levels
• Developing a roadmap for PPM maturity improvement
• Implementing lessons learned across the portfolio
• Fostering a culture of continuous learning and adaptation
• Leveraging feedback for portfolio optimization

Module 8: Tools and Technology for Portfolio Management

• Overview of leading PPM software solutions
• Utilizing dashboards and analytics for portfolio insights
• Data management and reporting in PPM systems
• Automation and integration with other project management tools
• Selecting and implementing the right PPM technology

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 10 working days before commencement of the training.