MoP® is a best-practice guide from Axelos (a joint venture between the UK Government Cabinet Office and Capita plc), describing a structured approach to managing portfolios of change initiatives. It has been developed using the collective expertise and practical experience of some of the leading practitioners in the field. This means that it not only reflects best practice, but also consists of a series of accessible and workable practices, tools and techniques that have been tested by those working in the real world.
- There is no formal requirement for attending this course, although it would be beneficial to the delegates to have very basic understanding of ‘change’ in organisations, including for example how to manage projects or programmes.
- Delegates should undertake about 10 hours of pre-course reading.
- Introduction and Background:
- Scope of the guide and course
- Course Objectives and objectives of Portfolio Management
- Benefits of Portfolio Management
- The strategic and organizational context for Portfolio Management
- Portfolio Management and ‘business as usual’
- Portfolio Management and strategic and business planning
- Portfolio Management and budgeting and resource allocation
- Portfolio Management and programme and project Management
- Portfolio Management and performance management
- Portfolio Management and corporate governance and corporate functions
- The need and means of collaboration across an entire organisation are also explored in this section
- The course then explores the ‘three building blocks’ of Management of Portfolios, namely the The
- Portfolio Management Principles
- The two Portfolio Management Cycles, i.e. the Portfolio Definition and the Portfolio Delivery Cycles
- To be introduced to a set of structured practices, tools and techniques that enable an organisation to effectively and consistently prioritize change initiatives so as to select the ‘right’ ones at the ‘right time’, in order to represent an optimal allocation of resources and attract the best possible return on investment for an organisation (sufficient but only necessary change initiatives)
- To be able to articulate to key stakeholders (at all levels of an organisation’s hierarchy) the benefits of introducing such a structured approach to the prioritization of change initiatives in an organisation and to advise on how to effectively embed and sustain the approach across part or all of an organisation
- To understand how to look at risk, issue, benefits and resources management holistically, across a range of change initiatives and to be able to assess aggregate impact in these areas of internal governance
- To contribute effectively to an organisation’s ongoing discussion on effective internal governance, across the entire business, i.e. including ‘change’ and ‘business as usual’
- To contribute effectively to an organisation’s ongoing discussion on effective stakeholder engagement and communication, across the entire business, i.e. including ‘change’ and ‘business as usual’
- To understand how to ensure that the ‘right’ initiatives are also delivered effectively and cost-efficiently so as to realize all the potential benefits from every initiative
- To provide course participants with some real life examples of Portfolio Management
- To prepare participants for the Foundation and / or Practitioner examinations
The portfolio management principles, cycles and practices described in the best practice guidance are applicable to most organizations irrespective of sector, size (aside from the smallest operations and those with small change portfolios), market or geographical guidance. (MoP® guide, p. 3) The training event is specifically designed for anyone wishing to understand how to prioritize effectively and consistently the ‘right’ business change initiatives and how to deliver these effectively, so as to secure or outperform predicted return on investment.