Projects, Programs and Portfolios

projects programs portfolio - Projects, Programs and Portfolios

Projects

Projects are temporary. They have a start and an end date. Projects deliver a new product, a service, a result or business value.

Example – Developing a new website is a project

Programs

Programs are commonly defined as a group of related projects that provide certain benefits when managed together.

Example – Managing the development of all ecommerce projects together can be a program

project program portfolio - Projects, Programs and Portfolios

Portfolios

Portfolios are not just a group of programs but can also include projects that do not align with any program.

Example – Managing all types of website development related projects and programs can be a portfolio while managing all mobile apps related projects and programs can be another portfolio

Check more articles on Project Management Basics

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