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A program is something which delivers a massive piece of functionality (like say Terminal 5 at Heathrow Airport). Within this program will be a large number of individual projects each of which will deliver a specific piece of the functionality. When all these projects have delivered, all their pieces will make the big deliverable. The art of the Program Manager is to make all the individual projects come together at times to suit each other, and also to meet the big deliverable. Imagine how complex this will have been on the Terminal 5 program!
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Describe how project portfolio management is used by IT departments?
What is Portfolio Management?Portfolio management is the centralized management of one or more portfolios, and it includes identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work in order to obtain specific strategic business objectives of the organization. Just as a program is managed by a program manager, a portfolio is managed by a portfolio manager.To understand the relationship between these 3 entities, projects, programs and portfolios we need to understand that:• If an organization does not have any programs but has only individual projects, all these projects can be grouped into one or more portfolios.• If an organization has programs and no individual project external to all programs, all these programs can be grouped into one or more portfolios.• If an organization has some programs and some individual projects, all these programs and projects can be grouped into one or more portfolios.Portfolio management focuses on making sure that programs and projects are prioritized for resources to serve the organization's strategy. In simpler terms, a portfolio manager worries about the success of the whole strategy put forth by the organization rather than the success of a single project (like what we do)Therefore, investment decisions are usually made at the portfolio level. Program management focuses on achieving the benefits that would be aligned with the portfolio and hence with the strategic objectives of the organization. So, a portfolio is part of the interface between the programs and strategic business objectives of the organization for which the programs are run.
What is the relationship between strategic management and project management?
Portfolio management is the centralized management of one or more portfolios, and it includes identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work in order to obtain specific strategic business objectives of the organization. Just as a program is managed by a program manager, a portfolio is managed by a portfolio manager. To understand the relationship between these 3 entities, projects, programs and portfolios we need to understand that: • If an organization does not have any programs but has only individual projects, all these projects can be grouped into one or more portfolios. • If an organization has programs and no individual project external to all programs, all these programs can be grouped into one or more portfolios. • If an organization has some programs and some individual projects, all these programs and projects can be grouped into one or more portfolios. Portfolio management focuses on making sure that programs and projects are prioritized for resources to serve the organization's strategy. In simpler terms, a portfolio manager worries about the success of the whole strategy put forth by the organization rather than the success of a single project (like what we do) Therefore, investment decisions are usually made at the portfolio level. Program management focuses on achieving the benefits that would be aligned with the portfolio and hence with the strategic objectives of the organization. So, a portfolio is part of the interface between the programs and strategic business objectives of the organization for which the programs are run
What is the relationship between strategic portfolio management and project management?
Portfolio management is the centralized management of one or more portfolios, and it includes identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work in order to obtain specific strategic business objectives of the organization. Just as a program is managed by a program manager, a portfolio is managed by a portfolio manager. To understand the relationship between these 3 entities, projects, programs and portfolios we need to understand that: • If an organization does not have any programs but has only individual projects, all these projects can be grouped into one or more portfolios. • If an organization has programs and no individual project external to all programs, all these programs can be grouped into one or more portfolios. • If an organization has some programs and some individual projects, all these programs and projects can be grouped into one or more portfolios. Portfolio management focuses on making sure that programs and projects are prioritized for resources to serve the organization's strategy. In simpler terms, a portfolio manager worries about the success of the whole strategy put forth by the organization rather than the success of a single project (like what we do) Therefore, investment decisions are usually made at the portfolio level. Program management focuses on achieving the benefits that would be aligned with the portfolio and hence with the strategic objectives of the organization. So, a portfolio is part of the interface between the programs and strategic business objectives of the organization for which the programs are run
What are some professional project management software programs?
There are dozens of professional software programs available and many are tailored specifically for certain projects or organisations. Microsoft Office and Microsoft Project are two of the best known programs which are easily downloadable from either Microsoft or Cnet.
Differentiate PPM and PMO functions?
PPM: Project Portfolio ManagementPMO: Project Management OfficePPM is the organization of projects and programs into a single portfolio.PMO is the organization that monitors the basket of pending and approved projects.
What are the different government programs and projects that aimid of conserving and preserving of your forest?
tree planting
What are the different kinds of program?
There are many different kinds of utility programs. Examples of the different kinds of utility programs includes ant-virus programs, time utility programs, and data compression programs.
What new drug treatments programs are used in 2013?
There are many different drug treatment programs out there, which vary in things like core principles, restrictions, medical vs non medical, etc. The oldest rehab centre in the United States is the Betty Ford Clinic.
What are some good investment programs for those new to the stock market?
There are various investment programs for those new to the stock market which large-cap and small-investments. There is also energy vs technology and growth vs value.
What is the average markup for Cost Plus contracts for Design Build vs EPC projects?
The average markup for Cost Plus contracts for Design Build vs EPC projects is about $ 1200.
What is the relationship between programs and projects?
Programs and projects are closely related concepts but differ in terms of scale, complexity, and duration. A project is a temporary endeavor with a specific objective, deliverables, and timeline. It is a well-defined and focused effort to achieve a unique outcome. Projects are typically independent and autonomous entities, and they often have a clear beginning and end. Examples of projects include building a bridge, developing new software, or organizing an event. On the other hand, a program is a group or portfolio of related projects, sub-programs, or activities, which are managed in a coordinated manner to achieve strategic objectives or benefits. Programs are typically larger and more complex than individual projects, and they often involve multiple interdependent projects working together. Programs are designed to provide collective management, oversight, and coordination to achieve broader organizational goals. Examples of programs include a company-wide digital transformation, a construction program for multiple infrastructure projects, or an aerospace program involving various projects to develop a new aircraft. In summary, projects are individual, specific undertakings with clear objectives and boundaries, whereas programs encompass multiple related projects, sub-programs, or activities to achieve larger strategic objectives. Programs provide a framework for managing and coordinating projects to ensure alignment with organizational goals and optimize overall performance.
What can Cplusplus do vs HTML?
C++ can be used to make programs, HTML is for weblayouts and whatnot.
What are programs and projects of the non formal education in the Philippines?
dis
Discretionary project vs non-discretionary project?
Projects where management has a choice in implementing them are called discretionary projects. Projects where no choice exists are called nondiscretionary projects.
Where can I find information on how to work with landscaping stones?
HGTV IS A GREAT SOURCE FOR YOUR LANDSCAPING PROJECTS. THEY HAVE MAN DIFFERENT PROGRAMS THAT WILL TAKE YOU THROUGH STEP BY STEP FROM PICKING OUT MATERIAL TO INSTALLING IT.
What are CMMS programs used for?
CMMS programs are maintenance management programs employed by companies to track assets and manage projects. They aid in increasing efficiency among employees.
Where does the government get the money for highway projects and other federal programs?
Our taxes
