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Managing Risk in Programs and Portfolios

Projects are recognized as an effective means to deliver value to a business, which has led to the establishment of project management as a mature discipline (some would say a profession). Project-based organizations are now seeking ways to organize their delivery of projects in the most effective manner, resulting in the emergence of program management and portfolio management. Both of these disciplines offer frameworks for structuring project work and relating it to the needs of the business. However, neither program management nor portfolio management has yet reached the level of maturity attained by project management.

To address this gap, the project management world has extended its interest ...

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