Project Portfolio Management
• context of project portfolio management: project-oriented organization, multi-project management, strategic management, • definitions, aims and benefits of project portfolios and project portfolio management, • project portfolio life cycle, • basic elements and success factors of project portfolio management (e.g. strategic portfolio management, portfolio governance, portfolio value and risk management; portfolio resource management, stakeholder management), • selected methods and instruments of project portfolio management, • organization of project portfolio management: organizational context, stakeholders, roles and bodies, communication structures
Projectmanagement & Organisation (Master)
Language of instruction
After successfully completing this course, students will be able to • understand and explain the aims and challenges of project portfolio management, • illustrate the concept of project portfolio life cycle and its application and benefits for project portfolio management, • describe basic elements and crucial success factors of a systematic project portfolio management approach and use a standard vocabulary for project portfolio management, • understand the relationship between a project portfolio and its compo-nents and illustrate how to “balance” a portfolio in various ways, • describe and illustrate the roles and competences needed in project portfolio management, • illustrate different approaches to embedding project portfolio manage-ment in an organization including its advantages and disadvantages and design them in a specific case study, and • apply selected "good practice" methods and techniques of project port-folio management (e.g. for project categorization/selection/priori¬tization/ validation, portfolio controlling and reporting, portfolio risk management, portfolio stakeholder and communication management) in a specific case study and develop appropriate instruments.