MoP® Foundation

MoP® Foundation

For you, who handle strategic changes in portfolio management.

Understand the benefits of using portfolio management.

Average pass rate: 100% | Participants: 28
Latest update: 2019 | Language: English

You will learn…

✔  Methods and tools to control progress, resources, economy, risks and dependencies concerning portfolio management.

✔  How to gather a general idea of the entire portfolio.

✔  How to assess and prioritise.

✔  What projects to initiate.

✔  How to continually manage the balance of the project portfolio.

Prerequisites

There are no prerequisites to this course.

Description

MoP® (Management of Portfolios) is an internationally recognized approach to portfolio management that will provide you with methods and tools to control progress, resources, economy, risks and dependencies concerning portfolio management. MoPÒ helps businesses answer the fundamental question: Are we sure this is the correct investment for us and how will it contribute to our goals? The purpose being, to make sure that the appropriate initiatives are carried through.

Aims of the course

With the course and certification in MoP, you will be taught the necessary methods and processes needed in the day-to-day management of the business’ project portfolio. You will gain insight into how portfolio management unites and controls all of the business’ current initiatives, run as programmes and projects, and how to weave change management into the initiatives to create success.

Method of teaching

This course is based on independent studies via video-based e-learning. You can stream your lessons when and where it suits you and in whichever pace works for you. The combination of videos, quizzes, written exams and supplementary material will provide good support, both during and after the course.

About the teacher

Kenny Munck, accredited teacher in PRINCE2®, MSP®, MoP® etc.

Kenny has taken part in many different projects and on almost all levels from team manager, project manager and programme manager to being a member of steering groups and program committees.

He is known as an engaging and inspiring speaker who can help participants see possibilities instead of limitations.

Amongst others, he teaches PRINCE2®, MSP®, MoP®, P3O® and MoR®.

For more information, see LinkedIn

 

€ 790 € 599
Excluding VAT

3 hours of video
39 supplementary materials
7 tests
25-30 hours estimated study time
12 month access
Computer, tablet and mobile
Online exam
Official MoP manual
Proof of your certification

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Course content

This section gives you an introduction to the course and who is the target audience for the course. It describes what portfolio management is and how it fits into the rest of the Best Practices methods used in a company. Finally it explains how the method should be adapted.

1 video – 3 min.

We start by defining what a portfolio is and what we mean by portfolio management. Then we describe the purpose of working with portfolio management.

1 video – 9 min.

We start by discussing the approach you choose for portfolio management and that it is important to consider the organizational context in which you will implement portfolio management.

We continue to explain the portfolio management model where changes and BAU are to be balanced. Then we look at the relationship between strategic planning and portfolio management and on portfolio management and its relations to other functions and departments in the company.

Finally, in the video, we look at the considerations that you can make about your company’s need for establishing a portfolio office and the interfaces that such an office requires in your company.

1 video – 11 min.

Description of principles, processes and techniques for effective management of benefits and realization in a change initiative.

Principle 1: Senior management commitment
Acceptance or approval from the top management.

Principle 2: Governance alignment
Agree on roles and responsibilities.

Principle 3: Strategy alignment
Reconciling the strategy.

Principle 4: Portfolio office
Provides timely and accurate information to decision makers.

Principle 5: Energized change culture
Energized change culture.

6 videos – 20 min.

In this section we review the two portfolio management cycles and explain how they affect each other. We discuss approaches on how to implement portfolio management in the organization and how the organization’s level of energy plays an important role in the implementation of portfolio management. Finally, we discuss the methods that can be used to influence the existing level of energy in the organization.

1 videos – 9 min.

We start by describing what the Definition cycle contains, which is the 5 practices that we subsequently will go more into depth with.

Practice 1: Understand
The purpose of “Understand” is to obtain a clear and transparent view of what is in the current portfolio.

Practice 2: Categorize
The purpose of “Categorize” is to make it easier for senior decision makers to understand the makeup of the portfolio.

Practice 3: Prioritize
The purpose of “Prioritize” is to help senior management to prioritize the initiatives with regards to e.g. importance, urgency, benefits, resources, risk etc.

Practice 4: Balance
The purpose of “Balance” is to ensure a proper balance of the prioritized initiatives in terms of timing, business impact, coverage of strategic objects, stage of initiative development, overall risk, return profile and available resources.

Practice 5: Plan
The purpose of “Plan” is to collate information from the definition cycle and to build a portfolio strategy and delivery plan to be approved by the portfolio direction group (Investment committee).

6 videos – 50 min.

Firstly, we briefly describe the seven practices of the Delivery cycle, and then what the purpose of the Delivery cycle is. In the following seven videos we discuss each of the seven practices in detail.

Practice 6: Management Control
The portfolio strategy and delivery plan form the baseline for delivery. The purpose of management control is to ensure that progress, at an individual and portfolio level, is regularly monitored against this baseline.

Practice 7: Benefits management
The purpose of benefits management is to identify and manage the benefits being realized from the portfolio, in order to ensure the best use of available resources.

Practice 8: Financial management
The purpose of financial management is to ensure that the portfolio management processes and decisions are aligned to the financial management cycle, and that financial considerations are key in all decisions regarding new and ongoing change initiatives.

Practice 9: Risk management
The purpose of risk management is to ensure consistent and effective management of the portfolio’s exposure to risk, both at individual and collective level.

Practice 10: Stakeholder engagement
The purpose of stakeholder engagement is to provide a coordinated approach to stakeholder engagement and communication thereby ensuring that:

  • the needs of the stakeholders are identified and managed and
  • Stakeholder support for the portfolio is gained

Practice 11: Organizational governance
The purpose of organizational governance is to ensure clarity about what decisions are made, where and when, and what criteria are used.

Practice 12: Resource management
The purpose of resource management is to put in place mechanisms to understand and manage the amount of resources available and required and so enable decision-making on a balanced and effective resource allocation procedure.

8 videos – 70 min.

For whom is the course intended?

This course is for you, who needs a structured and practice-oriented approach to portfolio management based on Best Practice principles. You may be a manager in the business, have a connection to the strategic level or function as a support to management, or you may be a part of a project management office’s support function that requires a detailed knowledge of the different aspects of the discipline of project management.

What did others buy?

€ 790 € 599
Excluding VAT

3 hours of video
39 supplementary materials
7 tests
25-30 hours estimated study time
12 month access
Computer, tablet and mobile
Online exam
Official MoP manual
Proof of your certification
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