Projects, Programs and Portfolios

Project is temporary endeavor undertaken to produce unique product, service or result with definite beginning and end

Projects are subsets of Programs and Programs are subset of High level Portfolios.

Program is a group of related projects to harmonize the objectives of various projects and have coordinated benefits not available from executing projects separately.

	Projects	Program	Portfolio
Scope	Limited	Larger than projects	At organization levels
Authority	Project Manager	Program Manager	Portfolio Manager

PMO:

· PMO’s role is to administer and support a project

· PMBOK enlists following primary functions of PMO, amongst others

o Manage shared resources across projects

o Identify and develop PM methodology, tools and techniques

o Coach, mentor, training and oversight

o Monitor compliance for project policies processes etc

o Communication between projects