What is the difference between, Project, program and Portfolio?

Question added by Deleted user , MEP- Manager , EG&G Middle East – Saudi Arabi
Date Posted: 2017/01/31

Upvote (0) Views (3) Followers (2) Answers (1) Report Question

by Stylianos Alevizos , Lead Mechanical Engineer & Piping , AECOM CONSULTANTS

Hello Sir,

See answer below. Regards, Stylianos

Project: Purpose, Applies and uses project management processes, knowledge, and skills Area of focus: Delivery of products, services, or results.

Program: Purpose, Collections of related projects, sub-projects, or work managed in a coordinated fashion. Area of focus: Project inter-dependencies.

Portfolios: Purpose,

Aligns projects/programs/portfolios/sub-portfolios/operations to the organization's strategic business objectives.

Area of focus: Optimizing efficiencies, objectives, costs, resources, risks, and schedules.

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