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
Academic unit | Project Management |
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Credit points | 6 |
Prerequisites
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None |
Corequisites
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None |
Prohibitions
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PMGT5879 |
Assumed knowledge
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None |
Available to study abroad and exchange students | No |
Teaching staff
Coordinator | Harold Ainsworth, harold.ainsworth@sydney.edu.au |
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Lecturer(s) | Harold Ainsworth, harold.ainsworth@sydney.edu.au |