Sep 13 2014
What is Program Management?
Program Management
Program Management comes into effect when there are multiple projects that are interlinked with each other and there is too much work to be managed by one project manager. A program manager (typically a senior PM) manages the overall program of projects while the project managers manage the projects within their responsibility.
The purpose of program management is to reduce the risk of related projects introducing something new into an existing system or systems.
Key Role Distinctions
- The Program Manager is responsible methodology development, training of project staff, support and oversight (audit and compliance) of the projects within their program.
- The Project Manager is responsible for all delivery activities of their project.
Sep 14 2014
What is Portfolio Management?
Portfolio Management
Portfolio Management comes into effect when there are multiple programs & projects that can be standalone or interlinked and there is too much work to be effectively managed by one program manager. Portfolio managers guide and oversee the processes and procedures (also known as methodology) that govern the programs and projects. The program manager manages their program of projects while the project managers manage the projects within their responsibility. Portfolio management is typically seen in only the largest of organizations with dozens of active projects.
The purpose of portfolio management is to reduce the risk of related & non-related projects and programs of projects introducing something new into an existing system or systems.
Key Role Distinctions
By Craig "hachiroku" Mercer • Key Terms •