Project Portfolio & Risk Management

Format availability:



10 Days

Daily Agenda

{heading_content}Module I - Project Risk Management & Compliance:
Day One: Risk Management Framework and Planning:
  • 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
Day Two: Risk Identification 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
Day Three: Risk Assessment Process:
  • 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
Day Four: Risk Response Plan Development:
  • Risk Prioritisation
  • Risk Response Strategy Guidelines
  • Response Strategies for Threats & Opportunities
  • Response Planning & Analysis
  • Alternative Responses
  • Risk Response Validation
  • Contingency & Management Risk Reserves
Day Five: Risk Response Control:
  • Resource Management
  • Risk Control Guidelines
  • Risk Control Inputs
  • Risk Control Tools & Techniques
  • Risk Control Outputs
  • Risk Reporting & Documenting
  • Course Summation & Work Session Review
{heading_content}Module II - Portfolio Project Management Professional:
Day Six: Introduction to Portfolio and Portfolio Management:
  • 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
Day Seven: Strategic and Organization Context:
  • 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
Day Eight: Portfolio Definition Cycle:
  • 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
Day Nine: Roles and Documentation:
  • 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
 Day Ten: Portfolio Delivery Cycle Presentation:
  • 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

Frequently Asked Questions

There are no prerequisites. Our courses are open to students of all backgrounds who are 18 years of age and older. All courses are conducted in English. Video lectures include English subtitles and the option to slow-down, pause, or replay lectures for better retention. Discussion boards are a critical component of each of our courses; therefore, we suggest students have a conversational knowledge of English when pursuing a Certificate of Completion. For any of the art writing courses, students need to be 100% proficient in written English.

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Registration is available on our website. Just follow these simple steps: Click the “Apply Now” button in the top right corner of your screen. Select “Online Courses.” Choose your course(s). You will be asked for basic contact information and your credit card payment. We require full payment at the time of registration and all tuition is billed in US dollars. Be sure to check with your bank or credit card company, as your financial institution may charge a foreign transaction fee.

Our classes are kept small, at no more than 30 students, to better facilitate and encourage personalized interaction with the instructor and fellow participants. Your classmates come from all over the globe and contribute their global perspectives and experience. Some are currently working within the arts while others are just beginning. All classmates share in their passion for the art world.

It is recommended that you begin your course promptly. If you do need to start the course a few days late, contact your instructor as soon as possible after the course has opened to discuss your options. Registration closes on the Friday after the course begins.

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