ISO 21504: Project and programme portfolio management Course Overview

ISO 21504: Project and programme portfolio management Course Overview

The ISO 21504: Project and programme portfolio management course provides comprehensive insights into managing a range of projects and programs effectively within an organization. Designed to align with international standards, the course equips learners with the knowledge to oversee a portfolio that supports strategic objectives.

Module 1 introduces the scope, terms, and definitions, setting the foundation for understanding portfolio management's breadth. Module 2 delves into the principles, detailing roles, responsibilities, and the importance of stakeholder engagement. Module 3 covers prerequisites such as the justification for, and framework of, portfolio management, including how to align with organizational processes. Finally, Module 4 teaches managing portfolios by defining, selecting, and balancing components to optimize performance.

This course will help learners establish a robust portfolio management framework, ensuring that the right projects and programs are pursued to maximize value and strategic alignment. Through a blend of theoretical knowledge and practical application, participants will be able to enhance their capabilities in governance, performance reporting, and managing opportunities and threats within their portfolios.

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Course Prerequisites

Certainly! Below are the minimum required prerequisites for students interested in undertaking training in the ISO 21504: Project and Programme Portfolio Management course:

  • Basic understanding of project or program management concepts: Familiarity with fundamental project or program management principles will help in grasping the advanced concepts of portfolio management more effectively.
  • Awareness of organizational strategy and objectives: Knowledge of how organizations set and implement strategies will be beneficial, as portfolio management is closely aligned with strategic goals.
  • Fundamental knowledge of management principles: Understanding basic management functions and roles can aid in comprehending the organizational implications of portfolio management.
  • Some experience with decision-making processes: Prior exposure to decision-making in a business context will help in understanding portfolio management's focus on prioritization and resource allocation.
  • Basic communication and stakeholder engagement skills: Since stakeholder management is a key aspect of portfolio management, having some prior experience or understanding of communication processes is advantageous.

These prerequisites are designed to ensure that students have a foundational base upon which the ISO 21504 course will build. They are not intended to be barriers to entry but rather to set students up for success in the course.

Target Audience for ISO 21504: Project and programme portfolio management

The ISO 21504 course equips professionals with skills in project and programme portfolio management, aligning with organizational strategies.

  • Senior Executives
  • Portfolio Managers
  • Program Managers
  • Project Managers
  • Operations Managers
  • PMO (Project Management Office) staff
  • Business Analysts
  • Strategic Planners
  • Consultants specializing in project and program management
  • Professionals involved in process improvement
  • Change Management Professionals
  • Risk Management Professionals

Learning Objectives - What you will Learn in this ISO 21504: Project and programme portfolio management?

Introduction to Learning Outcomes

Gain proficiency in ISO 21504 standards for project and programme portfolio management, covering principles, practices, and alignment with organizational strategy for effective decision-making and stakeholder engagement.

Learning Objectives and Outcomes

  • Understand the scope, terms, and definitions related to program and portfolio management in the context of ISO 21504.
  • Grasp the core principles that underpin portfolio management, including the context, structure, and general principles.
  • Learn about the roles, responsibilities, and decision-making processes essential for effective portfolio management.
  • Identify and analyze the capabilities, constraints, opportunities, and threats within portfolio management.
  • Understand the prerequisites for implementing a successful portfolio management framework in an organization.
  • Develop criteria for selecting and prioritizing portfolio components, ensuring alignment with the strategic objectives.
  • Explore the types of portfolio components and how they contribute to the overall portfolio structure.
  • Discover how to effectively engage stakeholders and manage their expectations throughout the portfolio lifecycle.
  • Gain insights into the governance of portfolios, including performance reporting structures and continuous improvement mechanisms.
  • Learn to evaluate, report, and optimize portfolio performance to ensure balance and strategic alignment.