Arbitration of limited resources

Arbitration of limited resources

Description

E-learning training – Managing limited resources: the key to effective portfolio management

In a world where human, financial, and time resources are more constrained than ever, every decision counts. This immersive 1.5-hour training course allows experienced PMOs, program directors, and project managers to strengthen their ability to effectively prioritize, allocate, and (re)distribute resources between competing projects to maximize the strategic value of the portfolio.

This course, structured in 6 modules, allows you to:

• Identify critical risks linked to approximate or biased arbitrations

• Master the fundamentals of project arbitration: evaluation models, key indicators, constraint typologies

• Apply best practices for comparative analysis, decision interviews, and project scoring

• Adapt your arbitrations according to resource typologies, timescales, and organizational conditions

• Practice arbitration in a realistic simulation: a situation of budget and human resources redistribution between projects is staged with a virtual character

• Review the essentials with a final revision quiz to anchor skills

At the end of this course, you will be able to:

• Make clear and documented decisions in a context of uncertainty

• Reconcile strategic vision and operational constraints

• Better defend your arbitration choices in front of sponsors, IT departments, and executive committees

Module 1 – Why arbitration is essential

This introductory module will make you realize that the real lever for performance is choice. When projects pile up but you can’t tackle them all at once, arbitration becomes vital. You will discover:

• The reasons that make arbitration essential in modern organizations

• The frequent excesses of poor resource allocation

• The strategic, operational and human challenges of arbitration

• The weak and strong signals that should trigger a reallocation

In short, this module will allow you to understand why arbitration is management.

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