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Portfolio Management versus Program Management

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We have talked about Portfolio management and program management. Are these the same? Explain why or why not.

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Solution Summary

Project, program and portfolio management are not the same. Project management revolves around single projects regardless of size, which produce specific deliverables, have a defined timeline and a set budget. Project management uses tools and techniques to meet project objectives, and requires balancing key project constraints such as scope, schedule, cost, quality, risk, and resources (Gatt, 2009).

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Portfolio Management versus Program Management
Project, program and portfolio management are not the same. Project management revolves around single projects regardless of size, which produce specific deliverables, have a defined timeline and a set budget. Project management uses tools and techniques to meet project objectives, and requires balancing key ...

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