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Project Management, Planning and Control, 6th Edition by Albert Lester

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Chapter 3

Programme and Portfolio Management

Abstract

The differences between project management, programme management, and portfolio management are discussed.

Keywords

Programme management; portfolio management

Chapter Outline

Programme management may be defined as ‘The co-ordinated management of a group of related projects to ensure the best use of resources in delivering the projects to the specified time, cost, and quality/performance criteria’.

A number of organizations and authorities have coined different definitions, but the operative word in any definition is related. Unless the various projects are related to a common objective, the collection of projects would be termed a ‘portfolio’ rather than a ‘programme’.

A programme ...

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