Define Portfolio Program Context Project Management Give Examples Q34241206

Define portfolio and program in the context of projectmanagement. Give examples of each.

Expert Answer

Projectmanagement is nothing but coordinating theknowledge, skills, experience, process and strategies to meet thegoals and objectives of the project. The important aspect ofproject management is to complete the project on time. Projectmanager is responsible for managing the project and  atemporary project team whose role ends once the project getscompleted.

Portfolio refers to all theprojects and programs running under the organization so that thestrategic objective of business can be met. Example – Running anairport.

Program refersto multiple projects that are interdependent and serve to achieveoverall goal.