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Unit of study_
OPMG6879: Program and Portfolio Management
2024 unit information
Programs are temporary, flexible organisation structures created to coordinate, direct and oversee the implementation of a set of related projects and activities to enable the implementation of strategy and change and the realisation of benefits. A project portfolio is a set of projects and/or programs and other activities, which are not necessarily related, brought together with the aim of alignment with achievement of organisational goals, optimum use of resources and minimisation of portfolio risk. For the program, shared vision and values are important due to high levels of interrelatedness and interdependence that increase complexity. Project portfolio management is a dynamic decision-making process in which new projects and programs are evaluated, selected, prioritised and balanced to align projects with strategy and resource capability and deliver maximum value from project investments. This Unit addresses the nature, design and management of programs and portfolios. It specifically addresses the selection, prioritisation and balancing of multiple programs and projects which have been grouped to support an organisation's strategic portfolio. The allocation of programs of work within a multi-project environment, benefits definition and realisation, governing, controlling and supporting the organisation's strategy, are considered. Students will learn and practice the issues to be considered in selecting an effective organisation portfolio and how to implement a portfolio management framework. Strategic resourcing, risk and opportunity, funding, governance structures and processes, at program and portfolio levels will also be addressed.
Unit details and rules
Managing faculty or University school:
Project Management
| Code | OPMG6879 |
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| Academic unit | Project Management |
| Credit points | 6 |
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Prerequisites:
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None |
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Corequisites:
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None |
| Prohibitions:
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PMGT5879 |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. Select, prioritise and balance program and portfolio components required to implement organisational strategy.
- LO2. Develop and monitor a strategic resource and finance plan considering the quality, quantity and sourcing of the required resources for programs and portfolios.
- LO3. Assess program and portfolio level risks and opportunities and recommend responses.
- LO4. Identify, define and develop a strategy for realisation of project and program benefits.
- LO5. Design and maintain a program vision, business case, change and execution approach, knowledge sharing and governance framework to deliver desired outcomes and benefits.
- LO6. Select and apply analytic techniques to predict future portfolio performance, evaluate implications of program and portfolio decisions and assess alternative solutions.
- LO7. Devise processes for program and portfolio performance reporting and knowledge sharing.
Unit availability
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Modes of attendance (MoA)
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