Project Portfolio Management

Brief description

  • context of project portfolio management: project-oriented organization, multi-project management, strategic management,
  • definitions, aims and benefits of project portfolios and project portfolio management,
  • project portfolio life cycle,
  • basic elements and success factors of project portfolio management (e.g. strategic portfolio management, portfolio governance, portfolio value and risk management; portfolio resource management, stakeholder management),
  • selected methods and instruments of project portfolio management,
  • organization of project portfolio management: organizational context, stakeholders, roles and bodies, communication structures

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

  • Lazar, O. (2018): The Four Pillars of Portfolio Management: Organizational Agility, Strategy, Risk, and Resources. Boca Raton, FL: CRC Press, Taylor & Francis Group
  • Gareis, L./Gareis, R. (2018): Project. Program. Change. Boca Raton, FL: CRC Press, Taylor & Francis Group
  • Patzak, G./Rattay, G. (2011): Project Management. Guideline for the management of projects, project portfolios, programs and project-oriented companies. Vienna: Linde
  • Project Management Institute (2017): The Standard for Portfolio Management – 4th Edition. Newton Square: PMI

Planned learning activities and teaching methods

lecture, case study, group tasks, presentation, discussion, online/blended learning elements

Assessment methods and criteria

written final exam as well as assessment of the quality of students’ group assignments and participation

Prerequisites and co-requisites

Project Management, Developments in Project Management

Infos

Degree programme

Projectmanagement & Organisation (Master)

Cycle

Master

ECTS Credits

3.00

Language of instruction

English

Curriculum

Part-Time

Academic year

2024

Semester

2 SS

Incoming

No

Learning outcome

After successfully completing this course, students will be able to

  • understand and explain the aims and challenges of project portfolio management,
  • illustrate the concept of project portfolio life cycle and its application and benefits for project portfolio management,
  • describe basic elements and crucial success factors of a systematic project portfolio management approach and use a standard vocabulary for project portfolio management,
  • understand the relationship between a project portfolio and its compo-nents and illustrate how to “balance” a portfolio in various ways,
  • describe and illustrate the roles and competences needed in project portfolio management,
  • illustrate different approaches to embedding project portfolio manage-ment in an organization including its advantages and disadvantages and design them in a specific case study, and
  • apply selected "good practice" methods and techniques of project port-folio management (e.g. for project categorization/selection/priori¬tization/ validation, portfolio controlling and reporting, portfolio risk management, portfolio stakeholder and communication management) in a specific case study and develop appropriate instruments.

Course code

0388-20-01-BB-DE-15