Relationships Among Portfolios, Programs, Projects

diagram illustrating relationships between Portfolios, Programs and Projects

Portfolios A portfolio refers to a collection of projects, programs, and sub-portfolios managed as a group to achieve organizational, strategic, and business objectives. Programs Programs are a group of related projects managed in a co-ordinated way to obtain the benefits and control not available from managing them individually.¬†Programs are grouped within a portfolio and are comprised of: Sub-Programs Projects Other operational work   Projects A project is a temporary endeavor with a definitive beginning and an end. A project is undertaken to create a unique product, service, or result. Fig. illustrates relationships between Portfolios, Programs and Projects   [message_box title=”” … Read More