RELATIONSHIP BETWEEN PROJECT, PROGRAM, PORTFOLIO, AND OPERATION MANAGEMENT.

By: Khalif Barkhadle
Digital Journalist

Published On: 2nd September 2023

Introduction:
Program Management and Portfolio Management differ from project management in their life cycles, activities, objectives, focus, and benefits. However, portfolios, programs, projects, and operations often engage with the same stakeholders and may need to use the same resources, which may result in a conflict in the organization. This type of situation increases the need for coordination within the organization through the use of portfolio, program, and project management to achieve a workable balance in the organization

Project, Program and Portfolio Management from an Organizational

● Perspective
Program and project management focus on doing programs and projects the right way.
● Portfolio management focuses on doing the right programs and projects.

Introduction to Program Management

Program Management is defined as applying knowledge, skills and principles to a program to achieve the program objectives and obtain benefits and control not available by managing program components individually. A program component refers to projects and other programs…