Programme and Portfolio Management
The differences between project management, programme management, and portfolio management are discussed.
Programme management; portfolio management
Programme management may be defined as ‘The co-ordinated management of a group of related projects to ensure the best use of resources in delivering the projects to the specified time, cost, and quality/performance criteria’.
A number of organizations and authorities have coined different definitions, but the operative word in any definition is related. Unless the various projects are related to a common objective, the collection of projects would be termed a ‘portfolio’ rather than a ‘programme’.
A programme ...