Professional Documents
Culture Documents
Program Portfolio
Management Management Management
It is the discipline of It is the process of managing It oversees the performance
planning, organizing and a group of related projects in of the organization’s
managing resources to bring a coordinated way to obtain collection of project and
about the successful delivery benefits and control not programs.
of specific project goals, available through managing
outcomes and outputs. them individually. Portfolios are generally
managed by a senior team at
The primary challenge of Programs, unlike projects, the highest level of an
project management is to are often managed via organization or by a specific
achieve all of the project’s centralized management unit of an organization
goals, outcomes and outputs, which aims to coordinate a (regional office or
while honoring the group of projects to achieve headquarters).
preconceived project the program’s strategic
constraints related to scope, objectives and benefits. Portfolio management is not
budget, schedule and concerned with day‐to‐day
quality. Program management is project tasks; but focuses
especially important within instead on selecting,
the development sector initiating and managing the
because projects managed overall collection of projects
via a coordinated program in a way that addresses the
have the potential to realize strategic objectives of the
change (or benefits) that organization.
would be impossible if they
were managed separately. Portfolio management often
includes choosing which
projects not to do, which to
start earlier, or which to stop
doing in order to optimize
the strategic fit of the
projects being undertaken to
fulfill the organization’s
mission.