PROGRAM or PORTFOLIO ? Which approach do i go through?
Tareq A. Al BehairiProject Management Consultant| Independent Consultants and TrainerGcc, Kuwait
Hi,Distinguished Members
Greeting
I wonder ,
What are the main factors that would direct your mind toward managing a group of projects as a PROGRAM or as a PORTFOLIO ? Saving Changes...
I have a very simple explanation for that. All the projects within a program must be aligned to program strategy and must contribute towards the program benefits. The purpose of a program is benefit realization and in the process meeting organizational objectives. Projects do not specifically deliver benefits but the deliverables so produced contribute towards the program benefit realization.
In a portfolio, the constituents could be projects as well as programs but they need not be related except for the fact they could be categorised as similar in certain characteristics. Portfolios deal with high end investment decision making and monitoring and control of projects and programs to decide the fate of constituent ingredients. Portfolios do not get involved in micro level details of projects and programs but base their decisions on certain KPIs they have established for the whole portfolio. Saving Changes...
