Training on Portfolio Management “iso.Portfolio”
Based on the international standard ISO 21504:2022 “Guidance on Portfolio Management“

“Portfolio is a collection of portfolio components grouped together to facilitate their management to meet strategic objectives”
©2022 International Organization for Standardization. Guidance on Portfolio Management

Project and program portfolio management typically supports the execution of organizational strategies, delivering value. If you’re operating on a large scale with numerous projects and seek to optimize the use of limited resources, this training is designed for you.

Dive into the key concepts and methods of ISO 21504 “Portfolio Management”, which are crucial for successful portfolio implementation. This course offers insights into the principles of project and program portfolio management, enhancing your implementation skills. You’ll be equipped with tools, insights, and methodologies for successful execution.

During the training, participants engage in individual and group exercises, delving into a portfolio of their preference (often from the client’s industry). They will apply various tools, techniques, and methods to define portfolio objectives, identify potential components, draft a portfolio plan, ensure its alignment with strategic goals, assess and report on its performance, and understand the core essence of these tools for practical application.

Instructor: Anatolii Savin, PfMP, M.S.P.M., PMP
Duration of the training: 1-2 days, 7-14 hours (at the request of the customer, the depth of study of ISO 21504 is changed and industry specifics are imposed)
Number of participants: 9-15 people (for classroom training) or up to 6 people (for online training)
Language*: Ukrainian or English
*russian is also an option, but no russian citizens should be in the group. Additionally, training in russian will cost double. The additional proceeds will be donated to the Armed Forces of Ukraine or towards rebuilding Ukraine.

Target Audience

This training is geared towards:

• Directors and senior managers tasked with devising and executing organizational strategies and core planning;
• Decision-makers in charge of project, program, and portfolio selection, authorization, and management;
• Teams and individuals overseeing the execution and management of project and program portfolios;
• Project and program managers, as well as related stakeholders.

Preliminary Requirements

Before enrolling, participants must either:

1. Attend the seminar iso.21500 – ISO 21500 “Context and Concepts” or independently familiarize themselves with the ISO 21500 standards set.
2. Undergo the training iso.21502 – ISO 21502 “Project Management” or participate in an alternative project management training.
3. Complete the training iso.21503 – ISO 21503 “Programme Management” or another similar program management course.

Knowledge and Skills

Participants will immerse themselves in contemporary portfolio management concepts and terminology. Upon training completion, attendees will:

• Understand the potential organizational impact of introducing portfolio management, including the capability to assimilate changes in structure, functions, and culture;
• Evaluate risks and opportunities linked to portfolio management implementation;
• Align portfolio component investments with overarching organizational strategies;
• Harness the full capability and capacity of organizational resources;
• Maximize investment returns;
• Outline and manage stakeholder expectations;
• Ensuring transparency about portfolio component activities and statuses.

For further enrichment, consider attending iso.Governance – ISO 21505 “Governance”, especially if your aim is to provide direction, empowerment, and oversight rather than to delve into the granular management of projects and programs.

Topics to be Covered

1. Terms and Definitions
2. Principles of Portfolio Management
   
   • Context and need for portfolio management
   • Overview of portfolio management (portfolio management; portfolio structure; capabilities and constraints; opportunities and threats)
   • Roles and responsibilities (general principles; defining decision rights for portfolio content)
   • Stakeholder engagement and management
3. Prerequisites for Portfolio Management
   
   • Justification for portfolio management
   • Portfolio management framework
   • Types of portfolio components
   • Criteria for selecting and prioritizing portfolio components
   • Alignment with organizational processes and systems
   • Visibility of the portfolio
   • Portfolio performance reporting structure
   • Improving portfolio management
   • Governance of portfolios
4. Managing Portfolios
   
   • Defining the portfolio objectives
   • Identifying potential portfolio components
   • Defining the portfolio plan
   • Assessing and selecting portfolio components (assessing current state; selecting portfolio components)
   • Validating portfolio alignment to strategic objectives (alignment with the strategic objectives of the
   • organization; maintaining alignment with risk tolerance and resource capacity and capability; documenting and evaluating results of alignment actions)
   • Evaluating and reporting the performance of the portfolio (establishing the performance measurement baseline of the portfolio; managing portfolio performance; reporting the performance of the portfolio; managing the integration of benefits)
   • Balancing and optimizing the portfolio (optimizing portfolio components; maintaining the portfolio; optimizing resources; managing portfolio risks; controlling changes to the portfolio)

Technical Equipment for ISO 21504 “Portfolio Management” Training

For Classroom Training:

1. Projector and screen.
2. Computers equipped with Microsoft Office, Project Professional, Power BI, and Internet access.
3. Access to the Microsoft Project Online training lab.
4. A shared workspace (cloud) containing training materials and best practices.

For Online ISO 21504 “Portfolio Management” Training:

For required software, hardware, and settings, visit PMDoc.ua/en/trainings/on-line

Practical Tasks During ISO 21504 “Portfolio Management” Training

1. An initial test to gauge familiarity with portfolio management, helping to adjust the presentation to the group’s proficiency.
2. A group exercise focused on identifying potential portfolio components (used as an overarching example throughout the training).
3. A group task to formulate a Portfolio Plan.
4. Activities related to the evaluation and selection of portfolio components.
5. A business simulation to ensure the portfolio aligns with strategic objectives.
6. A group task centered on reporting portfolio performance.
7. Joint and individual exercises concerning portfolio balancing and optimization.

How to Order ISO 21504 “Portfolio Management” Training

For training bookings or to seek additional advice, please refer to the CONTACTS section at PMDoc.ua/en/Contacts

For a more tailored training experience or to obtain detailed content information, please directly reach out to the instructor, Anatolii Savin:
Phone/messengers: +380 (67) 744-4615
E-mail: anatolii@savin.pm