Portfolio Management

Interconnection between Project, Program & Portfolio Management

By | 2016-06-14T13:14:48+00:00 April 5th, 2016|Categories: Articles, Free Resources, Readable Blog|Tags: , , |

Project Program Portfolio Management from Organization point of view Project Program Portfolio in any organization plays a vital role towards overall strategic implementation of the organization's vision. Right prioritization and action by executive management leads to better overall engagement. Across the large organizations, you will find often these interconnections of the entire functioning of the management as depicted here in the organizational chart. Project Management Develops and implements plans to achieve a specific scope that is driven by the objectives of its program and, ultimately, organizational strategy. It is largely concerned with achieving specific deliverable's that support specific organizational objectives. Project is a temporary endeavor with a beginning and end, undertaken to create a unique product, service or result. Project management is a science and art to apply the knowledge, skills, tools & techniques to activities to meet project requirements. Program Management Harmonizes its project and program components, and manages their inter-dependencies in order to realize specified benefits. It focuses [...]