Level 3 DIPloma in Portfolio Management

Level 3 Diploma in Portfolio Management

Course Synopsis
This Quality Assured Level 3 Diploma course will appeal to those in Project Management who wish to advance their skills and obtain an understanding of Portfolio or Programme (Program) Management.

This course looks at those methods and techniques used to control a number ( or portfolio) of projects. This pays particular attention to alignment between that of Project Management and IS Strategy delivery. The course will explore a number of different method based approaches and provide a foundation for greater exploration of this specialised subject area.

Course Definition:
A program or programme (in management) has at least two senses:

1. A collection of projects that is directed toward a common goal. (e.g. The NASA space program)
2. A broad framework of goals to be achieved, serving as a basis to define and plan specific projects. (e.g. the EU's Socrates programme) In international English, "program" is often used with a technical meaning (like computer program), whereas the spelling "programme" is used in the sense of "collection of managed projects". However, "program" in the context of "program(me) management" is now becoming more commonly used than "programme" lately in the "project management" sector globally.

Course Content:

Module One - Introduction to Programme Management
This unit provides the foundation material for the entire course. It carefully defines the entire composition of the course and introduces the student to the definitions and concepts of Programme Management. It provides the basic bibliography that supports the course and where additional background information might be obtained.

Module Two - The need for Programme Management
This unit looks at the purpose and need for Programme Management. It examines how the science has evolved from Project Management, the journey travelled so far and considers how the method base will continue to evolve. It will examine the difference in approaches between the Public and Private sectors, the driving forces in Programme Management and who is establishing the trends and standards.

Module Three - Methods and Techniques in Programme Management
This unit will examine the scientific approaches that have been adopted in order to conduct Programme Management. Specific reference will be made to the procedures designed and developed by the UK Government Office of Government Commerce (OGC), integration to PRINCE Project Management and alignment to IS Strategy studies. Other proprietory methods will be reviewed and contrasted. In addition the many sophisticated software development environments that support the method bases.

Module Four - The Four Phases of Programme Management
A Composition study examining the four method phases that make up the concept of Programme Management:

1. Programme Identification
2. Programme Definition
3. Programme Execution
4. Benefits Realisation

Module Five - Operating and Resourcing Programmes
This module essentially looks at three different aspects of Programme Management as focused on the operational perspective:

Organization of Programmes, Programme Management Processes and Managing third parties

Module Six - Programme Management and Organizational Change
This module examines the important interlock between Programme Management and the impact of Organizational Change. It will also consider elements of Risk Management and the harmonization between these components. Particular emphasis on change within an Information Systems Technology setting.

Module Seven - The Importance of Strategic Alignment
The importance of alignment between Programme Management and Information Systems Strategy will be examined from a method based approach. This essential element of interlock will be examined from a senior management or executive perspective and considers the roles that Executives will be expected to perform in ensuring successful strategic delivery and control over the programme management packages ( portfolio).

Module Eight - Benefits Realisation
One of the main deliverable components from Programme Management is Benefits Realisation or the costs savings, process improvements and strategic goal attainments brought about by successful delivery of projects within a portfolio. These will be examined from a method base and case study examples illustrating evidence of successful technique and approach in this area

Module Nine - A Programme Management Framework
This module considers the logical framework for Programme Management and how the individual parts interlock into a fully functional model. Reference will be made to Forcefield Analysis illustrating how shifting variations in the model create "ripple effect" changes throughout the entire model. The importance of using computer software in order to manage the entire model component and obtain immediate quantification of results, that otherwise would be impacted by time delays, fluctuating results and possibly erroneous management decisions

Module Ten - Global Considerations of Programme Management
A close look at how Programme Management functions within the multi-national Companies and works on a global business scale. This is examined from a number of different industry perspectives.