Managing multiple projects without a structured approach leads to resource bottlenecks, misaligned priorities, and wasted investment, a pattern US organizations encounter constantly as portfolios grow more complex.
This course closes that gap with a hands on approach to project portfolio management, built around real case studies including NASA’s Mars Climate Orbiter, one of the most widely studied examples of what happens when portfolio level oversight fails, and how structured PPM frameworks prevent it.
For participants taking the OnDemand / Self-Paced format, you will receive:
The ability to evaluate, prioritise, and manage a portfolio of projects is what separates project managers from PMO leaders and senior decision makers. This is a practical skills course rather than a standalone credential, so it strengthens your existing project management capability. Employers value candidates who can align project selection with business strategy, allocate resources across competing initiatives, and improve governance at the portfolio level.
Enrolment in this programme includes 12 months’ complimentary access to IPM Membership, supporting continued professional development beyond certification.
This course is delivered by the Institute of Project Management, an official partner of IPMA, PMI, and PRINCE2, trusted by 50,000+ professionals and 1,000+ organisations worldwide since 1989.
You will earn a shareable, verifiable Certificate of Completion plus 7 PDUs, recognised toward maintaining PMI certification status for US based PMP holders.
Schedule a consultation with our Corporate Training Manager to discuss your organisation’s portfolio management needs.
Get in depth information about the course and answers to frequently asked questions.
Project selection is the strategic process of evaluating, comparing, and choosing projects that best align with an organization’s goals and available resources. It involves systematically assessing potential projects against established criteria to determine which ones will deliver the greatest value and support long-term business objectives.
Effective project selection is crucial because it ensures organizations invest their limited resources in the right initiatives. It helps align project portfolios with strategic goals, maximizes return on investment, reduces waste, minimizes operational risks, and improves overall business performance. Without proper project selection, organizations may pursue conflicting or low-value projects that drain resources without delivering meaningful results.
Organizations face several challenges in project selection, including resource constraints that limit the number of projects they can pursue, competing stakeholder priorities that create conflicting demands, lack of standardized evaluation criteria, insufficient or unreliable project data, political pressures influencing decisions, and difficulty accurately predicting future outcomes and benefits.
Project selection methods fall into three main categories: Financial methods such as Return on Investment (ROI), Net Present Value (NPV), and Internal Rate of Return (IRR) that focus on monetary returns; Non-financial methods including scoring models, weighted decision matrices, and decision trees that consider qualitative factors; and Hybrid approaches that combine both financial and strategic criteria to provide a more comprehensive evaluation framework.
Organizations can improve their project selection process by establishing clear selection criteria tied to strategic objectives, implementing standardized evaluation frameworks, involving key stakeholders in the decision-making process, using reliable data and realistic assumptions, regularly reviewing and updating selection criteria, maintaining transparency throughout the process, and continuously monitoring selected projects to validate decisions and improve future selection processes.
Yes. This course awards 7.0 Professional Development Units (PDUs), which count toward maintaining your PMI certification status.
PfMP is a standalone professional certification requiring extensive verified portfolio management experience and a formal exam, aimed at senior portfolio managers. This course is a practical, accessible introduction to project portfolio management with no prerequisites, covering project selection, strategic alignment, resource management, and governance through real case studies. It is a strong foundation for professionals building toward more advanced portfolio credentials, including PfMP, rather than a substitute for it.
The Live Online classes are delivered in English. For the OnDemand format, subtitles are available in Arabic, French, Simplified Chinese and Spanish, helping improve comprehension and support more effective study. Simply click the CC button on the video player to enable subtitles