Chapter 3
Programme and Portfolio Management
Abstract
The differences between project management, programme management and portfolio management are discussed.
Keywords
Portfolio management; Programme management
Programme management can 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’. ...
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