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. 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. Who Should Attend Senior managers Portfolio managers Program managers   PMO managers and staff Project planners Senior project managers Upon successful completion of the course, all course participants will be awarded 14 Professional Development Units (PDUs) recognised by PMI.® What You Will Learn: Define a project, program, and a portfolio. Define business value and return on investment. Delineate an overall project portfolio management (PPM) methodology. Illustrate the role of a project portfolio in translating strategy into results. Apply a Nobel Prize winning principle of financial investment known as “efficient frontier” to project portfolios to optimize their performance. Describe basic concepts of the Balanced Scorecard (BSC) and apply the BSC approach to measure, manage, and maximize the performance of a project portfolio. Discuss classification of projects that will help you in effective allocation and management of resources. Introduce the Initial Project Assessment (IPA) and Mid Project Assessment (MPA) processes. Present quantitative techniques to objectively assess a project for its own merit and its relative merit against other projects. Illustrate the use of weighted scoring models to quantify project intangible benefits. Evaluate decision techniques that clarify choices involving both risks and opportunities. Define criteria to prioritize projects. Build a business case for each project and rank and prioritize projects based on strategic fit, risks, opportunities, and other key criteria. Delineate criteria to determine when a project no longer serves its purpose and needs to be terminated. Discuss seven reasons why your portfolio may be underperforming and what to do about it.