Project Prioritisation Using A Strategic Framework

Course Feature

Cost

Free
Provider

Udemy
Certificate

No Information
Language

English
Start Date

2021-12-10
Learners

No Information
Duration

No Information
Instructor

Jon Baxter

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3.6

1,166 Ratings

This course provides an overview of Portfolio Management and the IFPOD framework, which is a lifecycle view of the strategic intent of an organisation. It covers options management, high and low risk management, decision frame of reference, budget allocation, balancing the portfolio over a 5 year planning horizon and getting started with "Strategy On A Page". By applying the IFPOD framework, users can benefit from the right data to enable executive decisions, reduce forecast error in assessing the value and outcomes in business cases, accelerate more rewarding products or projects, use the latest proven methods to improve throughput and quickly make decisions, create options to choose from, stop wasteful activity sooner, balance the short-term and the long-term, balance the portfolio of activity according to the risk appetite of the Decision Makers, ensure the right criteria are being applied in the right context to make effective decisions and create dashboards that help Decision Makers understand the relative position of their portfolio. Click this course to learn more about Project Prioritisation Using A Strategic Framework.

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Project Prioritisation Using A Strategic Framework

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Course Overview

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Updated in [August 18th, 2023]

Skills and Knowledge:
By taking this course, participants will acquire skills and knowledge in options management, high and low risk management, decision frame of reference, budget allocation, balancing the portfolio over a 5 year planning horizon, getting started with "Strategy On A Page", and the use of the latest proven methods to improve throughput and quickly make decisions. Additionally, participants will learn how to create options to choose from, stop wasteful activity sooner, reference strategic documents in the negotiation and prioritisation of the next tranche of work to be started, review the value realisation of projects to ensure they are meeting the target and decide GO/ NO-GO, balance the short-term and the long-term, balance their portfolio of activity according to the risk appetite of the Decision Makers, ensure the right criteria are being applied in the right context to make effective decisions, and create dashboards that help Decision Makers understand the relative position of their portfolio.
Professional Growth:
This course contributes to professional growth by providing an overview of Portfolio Management and introducing the IFPOD framework. This framework enables professionals to effectively manage competing requests for resources, make executive decisions based on ROI and risk, and accelerate more rewarding products or projects. Additionally, the course provides techniques to reduce forecast error in assessing the value and outcomes in business cases, create options to choose from, and review the value realisation of projects to ensure they are meeting the target. By applying the IFPOD framework, professionals can ensure the right criteria are being applied in the right context to make effective decisions, balance the short-term and the long-term, and create dashboards that help Decision Makers understand the relative position of their portfolio.
Further Education:
This course is suitable for preparing further education as it provides an overview of Portfolio Management and covers the IFPOD framework. It also provides benefits such as the right data to enable executive decisions, reducing forecast error in assessing the value and outcomes in business cases, accelerating more rewarding products or projects, and creating dashboards to help Decision Makers understand the relative position of their portfolio. Additionally, the course provides techniques to enable effective decision making through governance, use of the latest proven methods to improve throughput and quickly make decisions, and balance the short-term and the long-term.