Question: David is working in the supportive PMO structure and responsible for the project as well asprovides support functions to the project. Randy is working as

David is working in the supportive PMO structure and responsible for the project as well asprovides support functions to the project. Randy is working as a project manager in his team.Sam also reports to David, and handles a group of projects in a program. How can theydistinguish between project, program and portfolio management?A portfolio is a collection of related projects which are closely linked, Project is a temporaryendeavor undertaken to create a unique product, and Program is a group of projects or programs whichare linked together by a common objective.A program is a collection of related projects which are closely linked, Project is a temporaryendeavor undertaken to create a unique product, and Portfolio is a group of projects or programs whichare linked together by a common objective.A Portfolio is a collection of related projects which are closely linked, Program is a temporaryendeavor undertaken to create a unique product, and Project is a group of projects or programs whichare linked together by a common objective.A project is a collection of related projects which are closely linked, Program is a temporaryendeavor undertaken to create a unique product, and Portfolio is a group of projects or programs whichare linked together by a common objective.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!