Hierarchy Program Management Portfolio Management Project Management List Lowest Complicat Q34219451

What is the hierarchy of Program Management, PortfolioManagement, and Project Management, list the lowest (complication)level first

Expert Answer

The hierarchy from the lowest (complication) level first –

Project Management

Program Management

Portfolio Management

Project management is lowest complication process in thehierarchy and it is related to individual projects. The programmanagement is categorized into five process groups which areinitiating, planning, executing, monitoring and controlling, andfinally closing.

Program management is the process which comes after projectmanagement and under a program management several related projectscan be handled. Program management process established the projectmanagement processes and measures the outcomes of each project.

Portfolio management has