Project, programme, portfolio design8hours
All contextual influences and demands come together when the organisation initiates a new project, programme or portfolio. The individual working in project, programme or portfolio management has to take into account all these influences and demands.
The individual prioritises and translates these into a project, programme or portfolio Design (Practice 1). The project, programme or portfolio design is a ‘charcoal sketch’ that defines the high-level choices for this project, programme or portfolio (e.g. make or buy, linear or iterative, possible funding or resourcing options, how to manage the project, programme or portfolio). In the other technical competence elements, each of these basic decisions will be specified, implemented and managed.
- Acknowledge, prioritise and review success criteria
- Review, apply and exchange lessons learned from and with other projects, programmes or portfolios
- Determine complexity and its consequences for the approach
- Select and review the overall project management approach (Design the project execution architecture)
- Classify all the criteria from the five elements of the contextual perspective.
- Assess the formal and informal influences that have been identified.
- Use the identified success factors.
- If necessary, amend the success criteria.
- If necessary, amend the success factors.
- Collect together the experience of your colleagues.
- Apply that experience.
- Use existing research to improve performance.
- Share experience gained with others.
- Use a methodology to assess the level of complexity.
- Identify those aspects, which make the project/programme/portfolio complex.
- Identify both the internal and external complicating factors.
- Reduce the complexity.
Lesson 4 : Select and review the overall project management approach (Design the project execution architecture)
- Assess the different alternative approaches.
- Choose the approach providing the greatest chance of success.
- Explain and defend the chosen approach.
- Explain the effects of the chosen approach on the organizations involved.
- If necessary, revise the approach.