What is Project Portfolio Management? PM in Under 5

Portfolio Management is becoming a more important part of the project management world - especially at enterprise level. So, what is Project Portfolio Management?
Here, Dr Mike Clayton, founder of OnlinePMCourses.com answers this question, in under 5 minutes.
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Пікірлер: 58

  • @alikhowaja7373
    @alikhowaja7373 Жыл бұрын

    I have a Credit Risk Interview in the morning, and this video helped me connect all the dots I learned in 4-years of my degree. Your way of explaining is easy to understand and memorize. THANK YOU

  • @Onlinepmcourses

    @Onlinepmcourses

    Жыл бұрын

    You're welcome, I hope it goes well. You may also like Project Portfolio Management: How to Craft a Portfolio in 5 Steps kzread.info/dash/bejne/gnt704-nfpjXqNI.html

  • @user-if5fl4ww7z
    @user-if5fl4ww7z Жыл бұрын

    Hello Dr. Mike I usually like reading from books; however, your lectures are of high quality compared to others who are doing online classes. Highly appreciated for your efforts❤

  • @Onlinepmcourses

    @Onlinepmcourses

    Жыл бұрын

    Thank you. I have also written books on Project Management: - How to Manage a Great Project: geni.us/4Iz6M - Risk Happens! geni.us/BN4bH - Brilliant Project Leader: geni.us/BrilliantPL - The Influence Agenda: geni.us/InfAg

  • @elliassotah236
    @elliassotah236 Жыл бұрын

    I like your teaching Dr. Mike Clayton. So far you have helped to get to my last semester for my master's degree. You are good.

  • @Onlinepmcourses

    @Onlinepmcourses

    Жыл бұрын

    Thank you very much, Ellias.

  • @Onlinepmcourses
    @Onlinepmcourses4 жыл бұрын

    You may also like Project Portfolio Management: How to Craft a Portfolio in 5 Steps kzread.info/dash/bejne/gnt704-nfpjXqNI.html For more detail still, we have 'Introduction to Portfolio Management - with Murali Kulathumani' kzread.info/dash/bejne/mqGdx5Z-fbCXdJM.html And there is this companion video: What is Program Management? kzread.info/dash/bejne/hoSErrl8j93KYaw.html

  • @Onlinepmcourses

    @Onlinepmcourses

    4 жыл бұрын

    .

  • @sapaclothing8690
    @sapaclothing86903 жыл бұрын

    Thank you so much - this training is really needed.

  • @Onlinepmcourses

    @Onlinepmcourses

    3 жыл бұрын

    You're very elcome.

  • @Annatedd
    @Annatedd2 ай бұрын

    It is worth every second the fact that within a very short time you have been able to elaborate and explain the technique to a point one can easily understand and apply it is applauding. Nevertheless the future one turn to imagine can be a reality if a good information like this is passed and applied accordingly.

  • @Emmanuelgray-mt7bx

    @Emmanuelgray-mt7bx

    2 ай бұрын

    Very impressive after going through this lecture i found out many problems could be solve if proper note is taking and the strategies aplied well , the steps towards achieving greatness demands absolute focus and timing which i believe the time is now because "tomorrow will never come" it is understood one may encounter different challenges but with proper base and understanding the easy path to it can be worked out. Beautiful stuff sir❤

  • @Onlinepmcourses

    @Onlinepmcourses

    2 ай бұрын

    Thank you.

  • @WilliamNicky

    @WilliamNicky

    2 ай бұрын

    Very true about different challenges that can hinder a successful trade. In fact even starting up a process can also be as a result of challenges too because i believe many may have the interest but cases like low salary scheme,health, natural disaster etc still make them prolong their interest.

  • @WilliamNicky

    @WilliamNicky

    2 ай бұрын

    But then with channels like this and useful information like this all of these can be tackled well and solutions given to settle it to the minimal .

  • @Kinggibbz

    @Kinggibbz

    2 ай бұрын

    Time waits for no one a good planner will always execute his or her plan well and take over what He or She sets up to achieve within a short time. If it is worth the investment of all apparatus why not give it a try. This was the word from my mentor (Jason Herman Pierce) who guided me through the trade process . No time should be considered waste but rather one should build a good success story that will pay off tomorrow

  • @samsonessien3817
    @samsonessien3817 Жыл бұрын

    Thank you very much for this video. Your explaining method is just perfect!

  • @Onlinepmcourses

    @Onlinepmcourses

    Жыл бұрын

    Thanks, my pleasure.

  • @satinderpal4642
    @satinderpal4642 Жыл бұрын

    Thank you so much for this video with the great examples. Your teaching method is so good.

  • @Onlinepmcourses

    @Onlinepmcourses

    Жыл бұрын

    You're very welcome.

  • @yamin207eb
    @yamin207eb5 жыл бұрын

    Thank you for this concise and to the point presentation.

  • @Onlinepmcourses

    @Onlinepmcourses

    5 жыл бұрын

    You're welcome

  • @katrulez1000
    @katrulez10003 жыл бұрын

    Thank you. Super well explained

  • @Onlinepmcourses

    @Onlinepmcourses

    3 жыл бұрын

    You're welcome, Kay.

  • @zmrehman1
    @zmrehman12 жыл бұрын

    Excellent and brief.

  • @Onlinepmcourses

    @Onlinepmcourses

    2 жыл бұрын

    Thank you.

  • @inderpalsingh686
    @inderpalsingh686 Жыл бұрын

    Very informative vedio … thank u sir

  • @Onlinepmcourses

    @Onlinepmcourses

    Жыл бұрын

    My pleasure.

  • @techmech2030
    @techmech2030 Жыл бұрын

    What is “initiatives”? Thank you very well explained!!!

  • @Onlinepmcourses

    @Onlinepmcourses

    Жыл бұрын

    Initiatives: Actions, steps, things we do. A blanket terms for projects, programs, and smaller things, which don't merit either label, like just fixing something.

  • @MarwaA-cp9ev
    @MarwaA-cp9ev4 жыл бұрын

    what is the difference between a sub-portfolio and a program?

  • @Onlinepmcourses

    @Onlinepmcourses

    4 жыл бұрын

    Well now, that's a good question. I am not aware that sub-portfolio is a widely used term with a clear definition in our realm. So I must assume it means what it appears to mean. That is: a portfolio that is a subset of a bigger portfolio. So, what does that mean? It means that if the portfolio has 6 programs and 8 other projects, it may be divided into three or four sub-portfolios to make it easier to manage - each with their own (sub-)Portfolio Management Office. But a sib-portfolio could be a few projects form a portfolio of a lot of projects. This few projects could all have some reason to be considered and managed together. In that sense, a sub-portfolio could be another word/phrase for a program - they may effectively be the same. So, what I am saying, is that you would have to ask people who are working where the term sub-portfolio is in use. I can only speculate.

  • @ramshadkarimbalan2730
    @ramshadkarimbalan27302 жыл бұрын

    Excellent

  • @Onlinepmcourses

    @Onlinepmcourses

    2 жыл бұрын

    Thank you.

  • @gentlemen1984
    @gentlemen1984 Жыл бұрын

    one video on Planning Advisor/Consultant roles please

  • @Onlinepmcourses

    @Onlinepmcourses

    Жыл бұрын

    Can you say more about what you mean by these role titles. They are not what I'd call 'standard'. Indeed, when I think of a Planning Consultant, I think of someone who advises on Town Planning.

  • @nipunathalpage5673
    @nipunathalpage56733 жыл бұрын

    Is their any videos about strategic Management Process?

  • @Onlinepmcourses

    @Onlinepmcourses

    3 жыл бұрын

    Check out my Strategic Thinking playlist: kzread.info/head/PLsz8d8r2a997H7FfJoxfqUBa2LLaLgTot

  • @sebrina410
    @sebrina4104 жыл бұрын

    Why is a portfolio management office critical to the success of project delivery

  • @Onlinepmcourses

    @Onlinepmcourses

    4 жыл бұрын

    Sebrina.There are 5 points to answering your question. 1. First note that there are Portfolio, Project, and Program Management Offices - all labeled PMO - see kzread.info/dash/bejne/lZh1yLyimqzFeMY.html 2. Clearly, it's a Portfolio Management Office (PfMO) that specifically supports Portfolio Management within an Organization - and will probably provide little or no support at a Project level 3. However, a PfMO may provide project support, or there may be a Project Management Office (PjMO) that supports one or more projects 4. The support a Project will get from its PMO can vary based on the terms of reference of the PMO 5. So, the PMO (PfMO or PjMO) may or may not be critical to the success of a project. More likely it will be supportive of the success of any one project, but an enabler for effective project management across the enterprise. Do take a look at the video kzread.info/dash/bejne/lZh1yLyimqzFeMY.html for the kinds of support PMOs give at different levels.

  • @malikmimoun4938
    @malikmimoun49383 жыл бұрын

    Hi , am i too old to start a career in Asset management as a portfolio manager at 33 years old ? thanks in advance

  • @Onlinepmcourses

    @Onlinepmcourses

    3 жыл бұрын

    Malik - i don't know anything about the asset management industry, nor about cultural values around age in the place where you live and work. But, from where I am sitting, 33 is plenty young enough to learn a load of new skills and build a new career. Go for it!

  • @kennethpeace
    @kennethpeace4 жыл бұрын

    What is the difference between Project Portfolio Management and Organisational Project Management? Looks the same...

  • @Onlinepmcourses

    @Onlinepmcourses

    4 жыл бұрын

    Kenneth, I'm not sure what you mean by 'Organisational Project Management' and if you mean something different from 'Project Management'. Project Management manages a project. Portfolio management is a strategic process for determining, scheduling, and organizing the set of projects and programs (the portfolio) that an organization will run, to achieve its strategic aims.

  • @kennethpeace

    @kennethpeace

    4 жыл бұрын

    @@Onlinepmcourses yes I do mean Organisational Project Management. It is mentioned in PMI and elsewhere. They looked the same as Project Portfolio Mgmt. That's why I asked. I read both definitions but no one has made a comparison... at least from what I googled.

  • @Onlinepmcourses

    @Onlinepmcourses

    4 жыл бұрын

    @@kennethpeace Okay, thank you - I have looked in PMBOK 6. The way PMI uses it here is, to me, a little uncomfortable. But it is clear what they mean. They use the term 'Organisational Project Management' to mean the framework of Portfolio management, Program management, and Project management. This is what Axelos refers to as P3M (Program, Portfolio, and Project Management) - a better term in my view. Anyway, even though it's clear what they mean by the term, but they don't give any hint about the methodology nor even the specific concerns behind it. Even Axelos doesn't have a specific methodology for P3M - just a maturity model (P3M3). So, I would suggest that Organisational Project Management is just an umbrella term for the three disciplines - and so, not really a thing in itself. Thank you for alerting me to a small corner of the PMBOK Guide that I'd missed. But, in my view, it is an undeveloped corner that has an unhelpful name. As for if and how it will feature in PMBOK 7... Frankly, I'd be surprised if we learn any more then.

  • @kennethpeace

    @kennethpeace

    4 жыл бұрын

    Online PM Courses - Mike Clayton Thank you so much for your explanation. 😊 Really appreciate it!

  • @Onlinepmcourses

    @Onlinepmcourses

    4 жыл бұрын

    @@kennethpeace You're very welcome. It's what I'm here for. Mike

  • @malikmimoun4938
    @malikmimoun49383 жыл бұрын

    Hi , am i too old to start a career in Asset management as a portfolio manager at 33 years old ? thanks in advance

  • @Onlinepmcourses

    @Onlinepmcourses

    3 жыл бұрын

    Malik - i don't know anything about the asset management industry, nor about cultural values around age in the place where you live and work. But, from where I am sitting, 33 is plenty young enough to learn a load of new skills and build a new career. Go for it!

  • @malikmimoun4938

    @malikmimoun4938

    3 жыл бұрын

    @@Onlinepmcourses ,thanks a lot for your very encouraging message, you see i come from paris and one of the academic teacher of one prestigious school down there told me , i might be too old as in the finance job market , consider only young people under 26 blabla . . . She totaly ruined my mood

  • @Onlinepmcourses

    @Onlinepmcourses

    3 жыл бұрын

    @@malikmimoun4938 As I say, I don't know the finance sector well, nor the French job market. But the fact is, if you can do the work and have a strong desire, then go for it and prove her wrong! As an absolute minimum, start speaking to potential employers in the sector, to get a sense of what they are looking for in a late-early or early-mid career professional, so you can assess the situation with some facts and tailor your preparation and applications to meet the market's needs.

  • @malikmimoun4938

    @malikmimoun4938

    3 жыл бұрын

    @@Onlinepmcourses oh year absolutlely , it make sens to me ! thanks for the pieces of advices and great job .

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