An intensive professional development training course on
Effective Portfolio &
Project Management (PPM)
Towards Vision 2030 Realization
Avoiding the Pitfalls of Strategy Implementation
Why Choose this Training Course?
Effective Portfolio & Project Management (PPM) Towards Vision 2030 Realization is a crucial training course designed to support the successful implementation of Saudi Arabia's Vision 2030. Following the launch of Vision 2030, the Vision Realization Programs (VRPs) were introduced to transform strategic objectives into actionable plans with clear 5-year milestones.
This course provides comprehensive insights into the principles, practices, tools, and techniques of both portfolio and project management. Participants will learn how to effectively coordinate strategic initiatives with daily operations through robust portfolio management, ensuring that all activities align with the overarching strategic goals. Additionally, the course covers essential project management skills needed to manage and deliver strategic initiatives and operational projects successfully. By equipping participants with these critical competencies, the training aims to facilitate the realization of Vision 2030’s ambitious objectives and strategies.
This training course will feature:
- The relation between the vision, strategy implementation, and portfolio management
- The pitfalls facing the realization of visions and implementation of strategies
- The principals and model of portfolio management
- The practices for effectively identifying and defining the portfolio of projects
- The practices for the successful delivering, managing and governing the portfolio
- Project management principles and domains according to the new PMBOK® Guide
What are the Goals?
By the end of this training course, participants will be able to:
- Design a structured methodology to vision realization and strategy implementation
- Implement portfolio management and a portfolio office within the VRO
- Select, define and initiate the best mix of initiatives and projects that supports the vision realization
- Successfully deliver the portfolio with the desired benefits and mitigated risks
- Apply the principles of good governance on portfolio management
- Successfully apply project management principles on different project performance domains
Who is this Training Course for?
This AZTech training course is suitable to a wide range of professionals involved in planning and implementing strategies towards achieving their contribution of Vision 2030:
- Senior managers involved strategy planning and implementation
- Senior managers involved in the governance and strategic alignment of project portfolios
- Experienced Managers
- Heads of Department
- Leaders and Executives
- Experienced programme and project managers
How will this Training Course be Presented?
This course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The facilitator will introduce each of the core topics using a lecture format supported by workshops and exercises for each step of portfolio definition and delivery. Peer learning is promoted as delegates are encouraged to discuss how techniques may apply within the Vision 2030 realization initiatives.
The Course Content
Day One: Concepts for Realizing the Vision and Implementing Strategies
- Course Opening and Pre-Course Assessment
- 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
Day Two: 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
- Case Study and Q/A
Day Three: 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
- Case Study and Q/A
Day Four: 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
- Case Study and Q/A
Day Five: 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 mange projects
- Case Study and Q/A
The Certificate
- AZTech Certificate of Completion for delegates who attend and complete the training course
- The applicable PMI Professional Development Units/Contact Hours will be reflected in the Certificate of Completion
Accreditation
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