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Course Code: PMCM 1704
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Effective Portfolio Project Management PPM Towards Vision 2030 Realization
Course Sector:
Project & Contract Management
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
5 Days
Online, Virtual $2,150
02
5 Days
Abu Dhabi, UAE $4,250
03
5 Days
Dubai, UAE $4,250
Introduction
Training course introducion / brief
In response to the launch of Vision 2030, Saudi Arabia initiated the Vision Realization Programs (VRPs), designed to translate the vision into actionable plans. Organizations were mandated to align their endeavors with approved delivery plans tied to 5-year milestones to execute the strategy effectively. Portfolio management aims to streamline strategic initiatives and routine operations, providing senior management with coordinated processes to maintain balance, while project management focuses on overseeing these initiatives and projects to ensure their alignment with strategic objectives.
The Effective Portfolio & Project Management (PPM) Towards Vision 2030
The Effective Portfolio & Project Management (PPM) Towards Vision 2030 Realization training course offers comprehensive insights, tools, and techniques in portfolio and project management essential for achieving the vision and its associated strategies. Participants will explore the intricate relationship between vision, strategy implementation, and portfolio management, identifying common challenges and pitfalls encountered during the realization process. Additionally, the course will cover the foundational principles and models of portfolio management, effective methods for defining project portfolios, and best practices for successfully delivering, managing, and governing portfolios. Moreover, participants will gain proficiency in project management principles and domains according to the new PMBOK® Guide, equipping them with the skills necessary for contributing to the successful realization of Vision 2030.
Course Objectives
At the end of the training course, participants will be able to
- Develop a systematic approach for actualizing vision and executing strategies effectively.
- Establish portfolio management and a portfolio office within the Vision Realization Office (VRO).
- Determine, outline, and kickstart the optimal combination of initiatives and projects that align with vision realization.
- Ensure the successful delivery of the portfolio, achieving desired benefits while minimizing risks.
- Implement governance principles effectively in portfolio management practices.
- Apply project management principles proficiently across various project performance domains.
Course Audience
Who is this course for, and can benefit the most
This training course is tailored for professionals across various
sectors involved in strategic planning, portfolio management, and project
execution, seeking to contribute effectively to the realization of Vision 2030
goals.
Course Outline
The course aims and learning outcomes
Concepts for Realizing the Vision and Implementing Strategies
- Understanding the vision, mission and strategy concepts
- Strategy realization pitfalls, and how to overcome them
- Principals of successful portfolio management to implement strategies
- The portfolio management model
- Relationship between strategy, and portfolio, programme and project management (PPM)
- Coordinating portfolio management with key corporate functions
Identifying and Defining a Balanced Project Portfolio to Realise the Vision
- Assessing Readiness for strategy implementation and Portfolio Management Maturity
- Understanding the needed new initiatives and existing projects to support strategy
- Selecting and categorizing the portfolio
- Prioritizing the selected portfolio components according to strategic objectives and other criteria
- Balancing and optimizing the selected portfolio to find the best mix supporting the vision.
- Developing a portfolio strategy and portfolio delivery plan
Delivering and Managing the Project Portfolios
- Using management control practices to monitor and control at portfolio level
- Benefits management as an important factor in realizing strategies and vision
- Financial management, staged release of funds and aligning cycles of strategic, portfolio and financial planning
- Stakeholder engagement and aligning plans from different portfolio components
- Resource management: balancing the demand and supply cycles
Applying Governance and Managing Risks Facing the Portfolio Delivery
- Portfolio risk management best practices
- Differences between management and governance
- Portfolio and project governance board(s)
- Coordination with organizational governance
- The vision realization office (VRO) and the portfolio, programme and project offices (EPMO)
- How to implement portfolio management and an EPMO
Best Practices in Managing Projects in the Portfolio
- Selecting the appropriate project delivery method (Predictive / Hybrid / Adaptive)
- The principles of project management according to PMBOK® Guide, 7th Edition
- The project performance domains according to PMBOK® Guide, 7th Edition
- Overview of the methods, tools and techniques to manage projects
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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