Project vs Program vs Portfolio Management

  • Project Management is the application of skills, tools and techniques to project activities to meet the project requirements. It constitutes a set of processes such as Initiating, Planning, Executing, Monitoring & Controlling and Closing.
  • Program Management is the process of managing several related projects. This may involve related work outside the scope of the projects in program.
  • Portfolio Management is a centralized management of multiple projects or programs or portfolios.

1 comment:

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