Why is Integrating Project, Program, and Portfolio Management Important?
The quote you see here, from Woody Williams, captures very well the essence of integrating portfolio, program, project management: “No matter how good the team or efficient the methodology, if we’re not solving the right problem, the project fails.”
When it comes to project management methodologies, frameworks, or approaches, you have many options that you can choose from. Few however, integrate project management with program and portfolio management. Praxis™ was the first to do so.
Why is this integration important? Portfolio management is concerned with doing the right projects. Not every organization has formalized its portfolio management practices. Without this assurance of doing the right projects, alignment of projects with business goals and value may not be optimal. And the same can be said about program selection and portfolio optimization.
Program management owns the creation of the portfolio management’s intended business value. It oversees multiple projects and ensures that each follows the same project management standards. Project management is responsible for quality deliverables that produce this business value. Examples of these deliverables are products and services that are delivered on time, on budget, and on scope.
What is Praxis?
The Praxis™ framework sets expectations for the direction and management of portfolios, programs, and projects to ensure value for money and the successful, timely. and cost-effective delivery of business policy and objectives.
Besides the integration of portfolios, programs, and projects, it is also known for the integration of:
- Knowledge with Method; think of processes, documentation, roles, procedures, tools, and techniques.
- Knowledge with Competence; think of goals and procedures, as well as benchmark criteria.
- And Knowledge with Maturity; think of goals and procedures and benchmark attributes.
Most project management frameworks limit themselves to only addressing Knowledge and Method. The maturity of the organization’s capabilities to perform project, program, and portfolio management, as well as competencies of processes, tools, techniques, and individuals, is often hard to find.
What are the Benefits of Praxis?
Praxis is a free, community-driven framework which can help individuals and organizations realize the intended benefits of projects, programs, and portfolios.
It combines the four pillars of effective project delivery (Knowledge, Method, and Capability Maturity). Praxis is the first framework to integrate projects, programs and portfolios into a single guide.
Praxis covers the full breadth of guidance needed for effective project, program, and portfolio management within a single framework. And Praxis training and certification represents an efficient approach to learning project and program management best practice. You would need to take at least three separate project and program management certifications to reach the breadth of guidance provided by Praxis. The contents of alternative courses often overlap, forcing you to study duplicated themes and terminologies
Praxis Training and Certification
When attending an accredited training and certification you learn how to deliver projects, programs, and portfolios successfully by utilizing one comprehensive framework.
You also learn about the project and program functions, as well as their processes and documentation that is used to manage the agile lifecycle phases.
INTERPROM’s Praxis certification training courses are specifically designed for people who first want to understand how to develop and maintain an effective project or program delivery. And then want to learn how to tailor Praxis to their organization by inserting their process model, templates, and content into the framework.
Why INTERPROM As Your Educator?
Because it is our prized and knowledgeable educators who make us who we are. They possess and share their practical project, program, and portfolio management experience during a class. And that is during every class that they teach. You want to be the beneficiary of this. As a result, this makes INTERPROM a top pick for all your project, program, and portfolio management training needs.
In addition, all our instructors are accredited Praxis™ Practitioner trainers. This credential is provided by Praxis™ and APMG International. Above all, they all possess the technical skills and the soft skills of what makes a great Praxis™ trainer. Therefore, you can be assured that your accredited trainer is of quality, is knowledgeable, and is backed by the promise of the hands-on experience of our trainers.
Furthermore, INTERPROM is an Accredited Training Organization (ATO) of APMG International. Consequently, that means that we adhere to stringent quality standards.
Students from around the globe have attended our Praxis™ courses.
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