David is working in the supportive PMO structure and responsible for the project as well as provides support functions to the project. Randy is working as a project manager in his team. Sam also reports to David, and handles a group of projects in a program. How can they distinguish between project, program and portfolio management?
How can they distinguish between project, program and portfolio management?
David is working in the supportive PMO structure and responsible for the project as well as provides support functions to the project. Randy is working as a project manager in his team. Sam also reports to David, and handles a group of projects in a program. How can they distinguish between project, program and portfolio management?
A. A project is a collection of related projects which are closely linked, Program is a temporary endeavor undertaken to create a unique product, and Portfolio is a group of projects or programs which are linked together by a common objective.
B. A portfolio is a collection of related projects which are closely linked, Project is a temporary endeavor undertaken to create a unique product, and Program is a group of projects or programs which are linked together by a common objective.
C. A program is a collection of related projects which are closely linked, Project is a temporary endeavor undertaken to create a unique product, and Portfolio is a group of projects or programs which are linked together by a common objective.
D. A Portfolio is a collection of related projects which are closely linked, Program is a temporary endeavor undertaken to create a unique product, and Project is a group of projects or programs which are linked together by a common objective.
Answer: Option C is correct. Program is a collection of related projects which are closely linked, Project is a temporary endeavor undertaken to create a unique product, and Portfolio is a group of projects or programs which are linked together by a common objective.
A. A project is a collection of related projects which are closely linked, Program is a temporary endeavor undertaken to create a unique product, and Portfolio is a group of projects or programs which are linked together by a common objective.
B. A portfolio is a collection of related projects which are closely linked, Project is a temporary endeavor undertaken to create a unique product, and Program is a group of projects or programs which are linked together by a common objective.
C. A program is a collection of related projects which are closely linked, Project is a temporary endeavor undertaken to create a unique product, and Portfolio is a group of projects or programs which are linked together by a common objective.
D. A Portfolio is a collection of related projects which are closely linked, Program is a temporary endeavor undertaken to create a unique product, and Project is a group of projects or programs which are linked together by a common objective.
Answer: Option C is correct. Program is a collection of related projects which are closely linked, Project is a temporary endeavor undertaken to create a unique product, and Portfolio is a group of projects or programs which are linked together by a common objective.