Program and Strategic Initiatives Management
Course Description
Over the years, project management principles and practices have empowered organizations, across all business sectors, to deliver projects effectively and with higher success rates. With this demonstrated performance, it was necessary to elevate project management into higher level of organizational project management, which is through the use of portfolio and program management principles and practices.
Program Management is emerging as the approach to help bridge the gap of organizational performance and enabling organizations to execute their strategy and to achieve their strategic objectives. Program management, is the new era of organizational project management. It is indeed the missing link to resolve some of the traditional project management challenges and delivering on the strategic plans. It is important to stress that program management is different from traditional project management since a program managers requires a refined set of business and leadership skills that are vastly different from that of a project manager.
This course will explore the various aspects of program management. It also provides the foundation that you need for the PMI®’s credential, the Program Management Professional (PgMP®), as well as it provides the knowledge, in an organized and immersive framework, that you need to improve your program management competency.
Learning Objectives/Outcomes
- Learn about the differences between project, program, and portfolio management and how they are different from managing multiple projects
- Recognize the strategic value of a program approach
- Apply a systematic approach to managing programs
- Learn the program life cycle as outlined in PMI®’s PgM standard
- Focus on the key themes of program management; stakeholders’ management; governance and benefits realization
- Chart a benefits mapping plan to build, manage, communicate, monitor and control the realization of expected project and program benefits
- Identify the essential competencies to develop a program mindset
Who should Attend
Executive managers; divisional heads; department heads; directors of operations; program managers; client segment managers; product line managers, PMO managers, PMO directors,
Course Outline
Day 1
- Introduction and definitions
- Key concepts; PM vs. PgM; PgM vs. managing multiple projects
- Strategic aspects
- Organizational strategy
- Portfolio & program links … projects & programs links
- Program life cycle & relations to product life cycle
- Program management processes
- Initiating to closing
Day 2
- Program management knowledge areas
- Scope, time, and cost
- The people aspects
- Quality, safety, and environemntal aspects
- Risk and financial management
- Procurement management
Day 3
- Program governance
- Benefits realization
- Program management office; PMO vs. PgM system
- Project-based organizations
- Differences between a PBO and projectized organization