Project Management Framework: Program & Portfolio Management

• Programs
• Collection of related projects
• Controls are implemented and managed in a coordinated way
• Collective benefits are realised
• Each project has a project manager
• Projects share resources and depends on the outcomes of other projects

• Portfolios
• Collection of programs and projects
• Projects meet a specific business goal or objective
• Includes weighing the value of each project against the portfolios strategic objective
• Ensures efficient use of resources