Portfolio management is doing the right things, while project and program management focus on doing the things right.
Many institutions have a portfolio with a variety of projects including innovative development projects, legacy systems maintenance, and long term development projects. Portfolio management is likely to produce desirable results when there is a defined process that aligns the project execution with the institution’s strategy.
This class will cover concepts of managing projects portfolio aligned with the institutions’ strategy; governance for portfolio planning and management; assessing the active portfolio and making an informed decision on new additions to the portfolio; and tools for communicating the port-folio progress to the stakeholders and related committees.
At the end of this session, participants will:
Get acquainted with the basic principles of portfolio planning.
Identify the governance for the portfolio management.
Explore tools to plan, manage, and assess the portfolio. Explore an open-source tool, TRACC to manage active project portfolio’s execution with visualizations of project progress and the resource allocations.
Nabeela Jaffer is Program Manager for Strategic Projects, Library IT, at the University of Michigan Library. She is responsible for organizing and harmonizing the success of complex, strategic technology initiatives that span multiple Library Information Technology units. She joined the University of Michigan Library in 2015. In addition to her Program Manager responsibilities, Nabeela is also responsible for the management of the IT portfolio resource allocation and cycle planning processes. She has a deep interest in the integration of IT and management practices. She has attained Scrum, Agile, and ITIL certifications, and she is passionate about lean processes, project-portfolio planning, and business strategic planning. Nabeela has an MS in Information Systems from Eastern Michigan University, School of Business, and she is pursuing her second master’s degree in Education, Management and Organizations at the University of Michigan, School of Education.