- Consulting
- Portfolio and Investment Management
- How to perform numerous potential projects with limited resources? We'll show you the solution to this and other portfolio management challenges.
- Get to know this consulting
- Project Management Office (PMO) Implementation and Structuring
- Projects Offices Assessment, Optimization and Restructing
- Portfolio and Investment Management
- Structuring the Risks Management Processes
- Resources and Investment Optimization through the Program Management
- Support and Consulting for Specific Projects Management
- Projects accelerated planning through the Accelerated Benefits in Projects®
- Communication, Management and Recovery Plan for Projects in Crisis
- Applying Quantitative Methods and Risks Simulators in Projects
- Project Maturity Assessment and Diagnosis
- Coaching and Mentoring in Project Management
- Projects, Programs and Portfolios Communication – Processes Structuring
- Development of Project Management Career Plan
- Training
- Project Management: Establishing Competitive Advantages
- Learn with Macrosolutions to plan successful projects! Understand how the scope is defined, achievable deadlines are set and how budgets are structured to ensure the best results.
- Get to know this training
- Project Management: Establishing Competitive Advantages
- Risk Management
- Portfolio Management
- Negotiation Techniques for Project Managers
- Managing Complex Projects and Projects in Crisis
- PMO – Project Management Office
- Project Management for Executives
- Planning and Monitoring Projects with Microsoft Project 2010
- Earned Value Analysis in projects
- Project Quality Management
- Project Procurement Management
- Project Communications Management
- Project Time Management
- Cost and Financial Management in projects
- Project Scope Management
- Project Human Resource Management and Project Leadership
- Change Control Management in projects
- Program Management
- PMDome Workshop
- PMRank Workshop
- PMCoaster Workshop
PMRank
Help a fictitious company to manage its projects portfolio and understand in practice the decision making models to select the appropriate projects for the strategic business objectives.
PMRank® Workshop
The PMRank® workshop is a practical and innovative training about project portfolio management. Developed by Ricardo Vargas, the PMRank uses case studies, a set of varied criteria and decision making models such as the Analytic Hierarchy Process (AHP), which enable the participants to have the proper knowledge to decide the right mix of project composition to be undertaken.
The methodological basis of all the PMRank's work can be found on the Standard of Portfolio Management published by the Project Management Institute and on the MoP (Management of Portfolios) published by the UK Office of Government Commerce (OGC).
The PMRank workshop is designed for Executives, Strategic Planning Teams, Investment Planning Team, Project Managers and others involved in the selection of portfolio investments/projects. The workshop does not require experience in projects neither in portfolio management. All knowledge necessary for comprehension and participation in the workshop will be presented during the training.
How it works
During a one-day seminar, the participants are grouped into teams to support Tiger Screws, a fictitious screw and connector’s factory with global operations. Each team will seek for the improvement of the market company position and they must do so through the elaboration of a different strategic objective.
Upon receipt of the strategic map and its direction for the next two years, the participants will define and choose which set of criteria best represent the required strategic direction, in order to do so, they will compare and prioritize the criteria that will be applied to all potential projects.
At this stage of the training the multi-criteria decision models are presented and applied to the planned tasks. To ensure the process comprehension, the participants will make all the calculations of the Analytical Hierarchy Process (AHP) using only one data sheet of paper and a basic calculator.
Then, the criteria are applied to the potential projects to create their ranking and direct the process of choosing a portfolio. Because each team is told to use a specific direction, the ranking of each will be different, allowing discussion of the different results between the groups.
At the end of the projects ranking, "force-in/force-out" directions, resource and budgets constraints are presented and the portfolio is balanced.
Finally, the portfolio is monitored, controlled and adjusted based on market information, project results and new directions in order to ensure the continuous alignment between the portfolio and the business need (Business justification).
Training content
At the end of the course the student will be able to:
- See the result of a specific strategy reflected in the selected projects portfolio
- Compare the different approaches and their implications on the selected projects results
- Select the appropriate criteria to be used based on the strategic direction
- Understand and distinguish the quantitative, qualitative and strategic criteria
- Translate strategic business objectives in the selection criteria
- Use the Analytical Hierarchy Process (AHP) as a comparative mathematical basis for prioritizing projects and criteria
- Decompose a high level strategic guidance on direct, tangible and measurable criteria
- Balance the project portfolio considering the existed resources and investments constraints
Fact sheet
- Workshop duration [?]
- 8 hours
- Number of participants [?]
- Minimum 30 students per class
- Target audience
- Executives, Strategic Planning Teams, Investment Planning Team, Project Managers and others involved in the selection of portfolio investments/projects.
- Requirements
- None. It’s not necessary any prior knowledge in project and/or portfolio.
- Language(s) [?]
- Portuguese and English
- Local
- Provided by the contractor. It can be worldwide performed.
- Open classes? [?]
- Yes. Casual.
- Certification and PDU? [?]
- All training participants will receive a participation certificate with 8 PMI's PDU
(PMI R.E.P. activity number: PMRank01)
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Workshop basic program
- Workshop opening
- Module I - The Importance of Portfolio Management in Business Strategy
- Module II - Projects Assessment, Prioritization and Balancing: Fundamental Concepts
- Module III – PMRank® Introduction and Rules
- Module IV - Teams Development
- Module V – Tiger Screws Company
- Module VI - Potential Projects Identification and Initial Assessment
- Module VII - Criteria Assessment Definition
- Module VIII - Assessment Criteria Prioritization and Analytic Hierarchy Process (AHP)
- Module IX - Portfolio Balancing
- Module X - Results Presentation and Discussion
- Module XI - Portfolio Communication, Approval and Implementation
- Module XII - Portfolio Strategic Monitoring and Controlling
- Final conclusions and closure
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Project management standards and methodologies discussed and addressed in the workshop
Project Management Institute (PMI) PMBOK Guide — PMI Practice Standard for Estimating — PMI Practice Standard for Earned Value Management — PMI Practice Standard for Configuration Management — PMI Practice Standard for Risk Management — PMI Practice Standard for Work Breakdown Structure — PMI Practice Standard for Scheduling — PMI Standard for Portfolio Management Yes PMI Standard for Program Management Yes PMI Project Manager Development Competency Framework — Organizational Project Management Maturity Model (OPM3®) — UK Office of Government Commerce (OGC) PRINCE2 (Projects in Controlled Environments) — MSP (Managing Successful Programmes) Yes M_O_R (Management of Risks) — P3M3 (Portfolio, Programme, and Project Management Maturity Model) — P3O (Portfolio, Programme and Project Offices) Yes MoP (Management of Portfolios) Yes MoV (Management of Value) — Scrum Alliance Scrum Methodology — International Project Management Association (IPMA) ICB® IPMA Competence Baseline —