Workshop on Construction Project Portfolio Management

Program Overview:

Construction project portfolio management is a strategic approach that enables construction companies to maximize the performance and ROI of their projects by approaching them from a holistic viewpoint. Rather than looking at each project as a silo, PPM helps leadership visualize the big picture and make decisions accordingly.

The focus of project portfolio management is to identify problems at the earliest stage and take corrective actions before any negative impact. Construction project portfolio management processes and tools put key data points in front of decision-makers. As a result, you get a holistic picture across multiple projects.

For Whom:

Construction project managers, Architects, Property managers, Quantity surveyors, Civil engineers and others who want to improve on their construction project management skills

Learning Objectives:

At the end of the program, participants will be able to:

• explain of concept and management of construction project portfolio from inception to completion;
• provide a roadmap and set of tools for change project prioritization and “portfolio management”;
• assess current project opportunities and establish priorities for a current slate of projects – with essential balance between potential results, timing and likelihood of success;
• recognize and avoid the pitfalls of “usual suspect” solutions that look attractive but waste time and resources;
• practice key steps to scope/size projects for success, and identify the right change strategy (e.g. strategic initiative, quick win, process improvement (e.g. Lean, DMAIC, Kaizen), design/redesign (reengineering, DFSS), etc.);
• build a solid business case for chosen projects, allowing project executors (e.g. Sponsors, Program Managers, Black Belts, etc.) to gain the support and resources they need; and
• initiate an ongoing process for leaders to effectively assess and deploy improvement resources – including stopping and refocusing efforts as needs change.

Course Outline:

Day 1: Construction Project Management: Overview

• Introduction to Construction Project Management
• Types of Projects / Contacts
• Understanding various management strategies:
  • PM,
  • MBE
  • MBO
  • MBP

Day 2: Construction Project Life Cycle

• Construction Project Management Process
• Construction Project Manager: Roles & Responsibilities
• Benefit of Construction Project Management

Day 3: Organizational Structures; Strength & Weakness

• Construction Projects: Tender / Bid Management
• Construction Projects: Scope Management
• Construction Projects: Cost Management
• Construction Projects: Schedule Management
• Construction Projects: Communication Management

Day 4: Construction Projects: Risk Management

• Construction Projects: Human Resource

Management

• Construction Projects: Quality Management
• Construction Projects: Contract Management
• Construction Projects: Equipment / Safety

Management

• Construction Projects: Performance Measurement

System

Day 5: Practical Session (using Industry-grade software)

• Project Portfolio Management
• Sequencing activities effectively using

PDM relationships

• Tracking Project Progress with Baseline
• Earned Value Analysis
• Resource Loading and Leveling
• What-If Analysis
• Generate Analytical and Graphical reports
• Case studies on Industrial projects

Training Methodology

Methodology: Lectures, discussions, exercises, case studies, audio-visual aids will be used to reinforce these teaching/learning methods.