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

Mode of delivery

face to face



Recommended or required reading and other learning resources/tools

• Lazar, O. (2018): The Four Pillars of Portfolio Management: Organizational Agility, Strategy, Risk, and Resources. Boca Raton, FL: CRC Press, Taylor & Francis Group • Gareis, L./Gareis, R. (2018): Project. Program. Change. Boca Raton, FL: CRC Press, Taylor & Francis Group • Patzak, G./Rattay, G. (2011): Project Management. Guideline for the management of projects, project portfolios, programs and project-oriented companies. Vienna: Linde • Project Management Institute (2017): The Standard for Portfolio Management – 4th Edition. Newton Square: PMI

Planned learning activities and teaching methods

lecture, case study, group tasks, presentation, discussion, online/blended learning elements

Assessment methods and criteria

written final exam as well as assessment of the quality of students’ group assignments and participation

Prerequisites and co-requisites

Project Management, Developments in Project Management


Degree programme

Projectmanagement & Organisation (Master)



ECTS Credits


Language of instruction




Academic year



2 SS



Learning outcome

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.

Course code