For some time focus of businesses has been on the effective delivery of change. Often delivered using trusted project and programme frameworks, such as PRINCE2® or MSP®, these tools help us to ‘Deliver things right’.
Increasingly organisations are asking, are we investing in the right change initiatives? That is ‘are we doing the right things’. Recently Portfolio Management has emerged as a way of ensuring the correct priority and balance is applied to business change initiatives.
Management of Portfolios® is the best practice framework for Portfolio Management from AXELOS. This course will take you through how you define a Portfolio using the Portfolio definition cycle and how you deliver one using the Portfolio delivery cycle.
The MoP Practitioner course builds on your foundational knowledge to allow you to demonstrate how the principles and best practices are utilised in a real world setting.
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MoP helps organizations answer a fundamental question ‘Are we sure this investment is right for us and how will it contribute to our strategic objectives?’. Investment is the keyword because portfolio management is about investing in the right change initiatives and implementing them correctly.
Any organisation or individual seeking to develop their skills in effective Portfolio Management. The course is suitable for senior managers and decision makers, practitioners involved with Programme or Project Management (PPM) and Change Management.
- Understand the principles & benefits of successful portfolio management
- Define the 5 steps to defining a portfolio and the 7 steps to delivering a portfolio
- Understand the steps in a Business Change Lifecycle and how this relates to portfolio delivery
- Use a range of techniques to create impactful progress reporting for portfolio stakeholders
- Understand how existing processes for risk, finance, resource and communications management are applied to portfolio management
Change is costly but the benefits can be huge. However as an organisation you not only need to ensure that Projects or Programmes are run correctly but also give adequate consideration to your Portfolio. Ensuring that your investment goes into the right initiatives at the right time and thus deliver the right results.
The MoP guide provides insights for managers who are responsible for delivering their organisation’s change initiatives, in addition to guidance for management of the portfolio of work.
Explanation of key portfolio management definitions, the benefits of portfolio management, some common misconceptions relating to it, and 7 steps to staging the implementation of portfolio management
Placing portfolio management within a context of business as usual, programme and project, and performance management. In addition, contextualising portfolio management in relation to corporate governance and corporate functions
Introducing the principles of senior management commitment, governance alignment, strategy alignment, portfolio office and an energised change culture
The use of the portfolio delivery and definition cycles
Detailed discussions on the practices: understand, categorise, prioritise, balance and plan
Discussions on the practices: management control, benefits management, financial management, risk management, stakeholder engagement, organisational governance and resource management
This course builds on an understanding of change within an organisation. Suitable candidates will be used to assessing business cases, and be working at portfolio level within an organisation. A qualification in either Prince2 or MSP is strongly recommended. Additionally you must have previously taken and passed the MoP Foundation exam.
To take this course you need to have your current Foundational knowledge current. To achieve this, you will have access to pre-reading, which you should do along with reviewing your notes from taking the Foundation course and exam.
The MoP Practitioner examination consists of 80 multiple choice questions taken over 3 hours. This is open book, and candidates are provided a scenario to read as well. The pass mark is also 50%.