Excellent! Hard work has been done; all the Knowledge Areas have been studied and checked by passing exams. Now it is time to look at your knowledge in another dimension – begin to pass tasks on the Life Cycle. If you still have difficulties in training, uncertainty, feel gaps in your knowledge, have unsolved questions, Read more about The Portfolio Knowledge Areas are learned[…]
The primary objective of Portfolio Risk Management is to make sure that portfolio components will achieve the best possible success according to the organization’s strategy and business model. From a risk perspective, this is done through the balancing of risks, both positive (opportunities) and negative (threats). The managing of risks below the portfolio level is Read more about Learn Portfolio Risk Management[…]
Portfolio Value Management ensures that investment in a portfolio delivers the required return as defined in the organizational strategy, which is an expression of the stakeholder direction in defining portfolio components such as projects and programs. To learn the Portfolio Value Management you need: Read the chapter ‘Portfolio Value Management’ in the Standard for Portfolio Read more about Learn Portfolio Value Management[…]
Portfolio stakeholders are the individuals, organizations, or groups that can affect, may be affected by, or perceive themselves to be affected by a decision, activity, or outcome of a portfolio. In addition, individuals, organizations, or groups that could affect the organization’s ability to achieve its objectives should also be treated as stakeholders. A large number Read more about Learn Portfolio Stakeholder Engagement[…]
The objective for Portfolio Capacity and Capability Management is to ensure that the portfolio’s capacity and capability demands are in alignment with portfolio objectives and can be supported or met by the organization’s resource capacities and capabilities, thus enabling successful portfolio execution and expected portfolio returns. To learn the Portfolio Capacity and Capability Management you Read more about Learn Portfolio Capacity and Capability Management[…]
Understanding and implementing an effective Portfolio Governance framework guides the portfolio decision-making processes in the interests of all stakeholders while adhering to the governance principles of the organization. To learn the Portfolio Governance you need: Read the chapter ‘Portfolio Governance’ in the Standard for Portfolio Management, 4th Edition (Chapter 4). Watch the videos: 3. Additional Read more about Learn Portfolio Governance[…]
Portfolio Strategic Management is the management of intended and emergent initiatives that are often identified at an executive level and provide the very fabric under which portfolio management is executed. It supports strategic thinking and is the basis for an effective organization or business unit. Strategic thinking simply means asking, “Are we doing the right Read more about Learn Portfolio Strategic Management[…]
The Portfolio Management Knowledge Areas are fields of specialization that are commonly employed when managing portfolios. A Knowledge Area is a set of processes and tools associated with a particular topic in portfolio management. The recommended learning sequence for the Knowledge Areas is based on your PfMP Preliminary Test results and your Knowledge Map. The most Read more about Learning the Portfolio Knowledge Areas[…]
Excellent! Hard work has been done; all the Knowledge Areas have been studied and checked by passing exams. Now it is time to look at your knowledge in another dimension – begin to pass tasks on the Process Groups. If you still have difficulties in training, uncertainty, feel gaps in your knowledge, have unsolved questions, Read more about The Knowledge Areas are learned[…]
Project Stakeholder Management includes the processes required to identify the people, groups, or organizations that could impact or be impacted by the project, to analyze stakeholder expectations and their impact on the project, and to develop appropriate management strategies for effectively engaging stakeholders in project decisions and execution. The processes support the work of the project team to Read more about Learn the Project Stakeholder Management[…]