PPP: Project - Program - Portfolio

 article ppp
Project Management:

  • A Project is a temporary endeavour undertaken to create a unique product or service.
  • Focus on the application of knowledge, skill, tools, techniques and processes to effectively manage a team towards a final deliverable.

Program Management:

  • A Program is a collection of projects grouped together to meet strategic business objectives.
  • These projects are interdependent or directly related.
  • Focus on tracking and analysing information across the entire program.

Portfolio Management:

  • A Portfolio is a collection of projects or programs grouped together to meet strategic business objectives.
  • These projects or programs are not necessarily interdependent or directly related.
  • Focus on identifying, prioritizing, initiating and authorizing programs and projects.