Duration: 3 days – 21 hrs
Overview
This training course is designed to provide participants with a comprehensive understanding of Portfolio Management and Contract Management, focusing on best practices, tools, and techniques. The course covers the strategic alignment of projects within a portfolio, effective management of contracts, risk management, and optimization of resources to achieve organizational objectives. It is ideal for professionals involved in project and contract management who seek to enhance their skills in aligning projects with business strategy and managing contracts efficiently.
Objectives
• Align Portfolios with Strategic Goals: Understand how to select and prioritize projects and contracts that support organizational objectives.
• Optimize Resource Allocation: Learn techniques to efficiently allocate resources across multiple projects and contracts.
• Enhance Risk Management: Develop skills to identify, assess, and mitigate risks in portfolios and contracts.
• Improve Contract Negotiation and Execution: Gain practical knowledge in negotiating, drafting, and managing contracts for successful outcomes.
• Measure and Report Performance: Learn to track, measure, and report on portfolio and contract performance to ensure continuous improvement.
Audience
• Portfolio Managers
• Contract Managers
• Project Managers
• Program Managers
• Procurement Managers
• Strategic Planners
• Risk Managers
• Finance Managers
• Legal Advisors
• Business Analysts
• Executives and Senior Managers
Prerequisites
• Basic Understanding of Project Management: Familiarity with project management concepts and practices.
• Experience in Contract Management: Some experience in managing or overseeing contracts is beneficial.
• Knowledge of Organizational Strategy: An understanding of how projects and contracts align with overall business goals.
Course Content
Day 1: Introduction to Portfolio Management
Module 1: Fundamentals of Portfolio Management
• Understanding portfolio management concepts
• Strategic alignment and business objectives
• Portfolio governance and decision-making
Module 2: Portfolio Selection and Prioritization
• Criteria for selecting projects
• Balancing risk and reward
• Portfolio prioritization techniques
Module 3: Resource Management and Optimization
• Allocating resources across the portfolio
• Capacity planning and resource leveling
• Optimizing resource utilization
Day 2: Advanced Portfolio Management Techniques
Module 4: Portfolio Risk Management
• Identifying and assessing portfolio risks
• Risk mitigation strategies
• Monitoring and controlling risks
Module 5: Performance Measurement and Reporting
• Key performance indicators (KPIs) for portfolios
• Reporting tools and techniques
• Continuous improvement in portfolio management
Module 6: Case Studies and Group Exercises
• Real-world examples of portfolio management
• Group exercises to apply learning
Day 3: Contract Management
Module 7: Introduction to Contract Management
• Overview of contract management lifecycle
• Types of contracts and legal considerations
• Key roles and responsibilities in contract management
Module 8: Contract Negotiation and Drafting
• Principles of contract negotiation
• Drafting clear and enforceable contracts
• Common clauses and their implications
Module 9: Contract Execution and Monitoring
• Effective contract execution strategies
• Monitoring contract performance
• Managing contract changes and disputes
Module 10: Contract Closure and Lessons Learned
• Closing out contracts and ensuring compliance
• Lessons learned and continuous improvement
• Best practices in contract management
