MoP® Foundation + Exam

• Know facts, terms and concepts relating to an Overview of portfolio management
• Know facts, terms and concepts relating to implementing, sustaining and measuring portfoliomanagement
• Know facts, terms and concepts relating to the relationships between portfolio management and othercorporate functions and activities with a role in delivering strategic objectives
• Know facts, terms and concepts relating to the principles upon which efficient and effective
• Know facts, terms and concepts relating to the portfolio definition cycle
• Know facts, terms and concepts relating to the portfolio delivery cycle

This course is likely to add to the employment related skills of the participants. The skills developed are likely to be used in the course of being an employee or working in a business.

This qualification is aimed at those involved in a range of formal and informal portfolio management roles encompassing investment decision making, project and programme delivery, and benefits realization. It is relevant to all those involved in the selection and delivery of business change initiatives including: members of Management Boards and Directors of Change; Senior Responsible Owners (SROs); portfolio, programme, project, business change and benefits managers; and business case writers and project appraisers.

• Know facts, terms and concepts relating to an Overview of portfolio management
  
•  The definitions of portfolio and portfolio management

The portfolio management model and the relationship between the principles, cycles, practices and relevant techniques

•  The names of the portfolio definition practices
•  The names of the portfolio delivery practices
• Understand the terms and concepts relevant to an overview of portfolio management

The differences between portfolios and portfolio management on the one hand, and projects/project management and programmes/programme management on the other

The local circumstances that will affect how the MoP principles and practices will be adapted and how cost effective approaches can be adopted

• The objectives and benefits of portfolio management
• Know facts, terms and concepts relating to implementing, sustaining and measuring portfolio management
•  The three broad approaches to implementing portfolio management
•  The benefits of assessing the impact of portfolio management
• Understand how to implement, sustain and measure portfolio management

When each approach to implementation is most relevant, the advantages of planned approaches to implementation, and the first seven steps (and their benefits) in a staged implementation of portfolio management

•  The factors to consider in sustaining progress

Approaches to assessing portfolio management maturity and the impact of portfolio management including examples of performance metrics that can be employed

• Know facts, terms and concepts relating to the relationships between portfolio management and other corporate functions and activities with a role in delivering strategic objectives

The 6 key functions/activities that portfolio management needs to coordinate with to achieve strategic objectives

• Understand the key aspects of the relationships between the portfolio and other corporate functions and activities with a role in delivering strategic objectives
•  Coordinate with business as usual (BAU) to deliver strategic objectives
•  Coordinate with strategic planning to deliver strategic objectives
•  Coordinate with budgeting and resource allocation to deliver strategic objectives
•  Coordinate with programme and project management to deliver strategic objectives
•  Coordinate with performance management to deliver strategic objectives
•  Support effective corporate governance
• Know facts, terms and concepts relating to the principles upon which efficient and effective approaches to portfolio management are built
•  The names of the five principles upon which effective portfolio management is based
• Understand the principles upon which efficient and effective approaches to portfolio management are built
•  The keys to success in relation to principle 1: Senior Management

The keys to success in relation to principle 2: Governance alignment, and issues to consider in an effective portfolio governance structure

• The keys to success in relation to principle 3: Strategy alignment
• The keys to success in relation to principle 4: Portfolio Office
• The keys to success in relation to principle 5: An energized change culture
• Know facts, terms and concepts relating to the portfolio definition cycle
•  The portfolio definition cycle and its key output
•  The portfolio definition practices
• Understand the terms and concepts relating to the portfolio definition cycle
•  The results of a well functioning portfolio definition cycle and the implications where this is not the case

 The techniques of:

1. Three point estimating and reference class forecasting.
2. Driver-based strategic contribution analysis.
3. Multi-criteria analysis.
4. Decision conferencing.
5. Clear line of sight planning

What is involved and the keys to success in the understand practice, categorize practice, prioritize practice, balance practice, plan practice

• Know facts, terms and concepts relating to the portfolio delivery cycle
• The portfolio delivery cycle.
• The portfolio delivery practices:

1. Management control
2. Benefits management
3. Financial management
4. Risk management
5. Stakeholder engagement
6. Organizational governance
7. Resource management

Understand the terms and concepts relating to the portfolio delivery cycle

•  The results of a well functioning portfolio delivery cycle and the implications where this is not the case

The techniques of: Management by exception, One version of the truth, Staged release of funding, Clear line of sight reporting, Champion-challenger model

What is involved, the main elements, and keys to success of the:

1. management control practice
2. benefits management practice
3. financial management practice
4. risk management practice
5. stakeholder engagement practice
6. rganizational governance practice
7. resource management practice

The challenges and solutions to effective dependency management

• Know facts, terms and concepts relating to the main portfolio management roles and key documentation
•  The purposes of the main portfolio management roles identified in MoP
•  The purposes of the main portfolio management documentation
• Understand the definitions and concepts relevant to the main portfolio management roles and key documentation
•  The responsibilities of the main portfolio roles identified in MoP
•  The recommended contents of the main portfolio management documentation

PRINCE2® Foundation
P3O® Foundation
MOP® Foundation
BCS PM Foundation
PRINCE2® Foundation & Practitioner