Project Sponsorship and Portfolio Management

Sponsorship and Portfolio Management Workshop Overview

In order to create successful projects, an organization needs an effective project system. This includes a management team that functions as sponsors, a common project management methodology and a senior leader team that steers the portfolio of projects.

This two-day workshop introduces managers to all components of the project system. One and a half days are spent on the role of the project sponsor and duplicate the Sponsoring a Project workshop. The last half day is spent on project steering (portfolio management). Managers experience through a game simulation what happens in an organization when there is no portfolio management system. They then walk through the basics of creating a steering process for the portfolio and the day ends with a simulation of using a portfolio management system to oversee all the projects of the organization.

This is a great workshop for introducing project management into an organization that does not yet have a project management discipline in place.

Learning Objectives:

Improve your ability to oversee projects
Manage the project leader more effectively
Ensure that projects are on track
Understand the role the sponsor should play in creating a successful project
Understand the project system and what is required to optimize projects
Understand the keys to portfolio management

Skills You Will Learn:

Write a charter
Review a scope plan
Review an organization/accountability plan
Review an assurance plan
Review a communications plan
Review a resource plan (schedule, budget, staff effort estimate)
Identify the essential elements of a change management procedure
Audit a status report
Appropriately empower the project leader
Ensure the project is on track
Effectively oversee the project
Hold a review meeting with the project leader
Close out a project
How to set up a portfolio management system