Difference Between Projects, Programs and Portfolios
A project is managed with a clear end date in mind, and according to a set scope and budget. It has a single easily definable tangible output. E.g. a list of deliverables, a new system or an improved process.
A program is a collection of two or more projects sharing a common goal.Program managers control dependencies and allocate resources across projects.
A portfolio is a group of related initiatives, projects and/or programs that attain wide reaching benefits and impact.
Read more about this topic: IT Portfolio Management
Famous quotes containing the words difference between, difference and/or programs:
“Time isn’t so important.... We can say that time is behind us, that we’ve had years together.... I can tell you about a thousand wonderful hours we’ve spent together because I feel we would have, inevitably. And there’s not that much difference between the future and the past.”
—Kurt Neumann (1906–1958)
“The gold-digger in the ravines of the mountains is as much a gambler as his fellow in the saloons of San Francisco. What difference does it make whether you shake dirt or shake dice? If you win, society is the loser.”
—Henry David Thoreau (1817–1862)
“Short of a wholesale reform of college athletics—a complete breakdown of the whole system that is now focused on money and power—the women’s programs are just as doomed as the men’s are to move further and further away from the academic mission of their colleges.... We have to decide if that’s the kind of success for women’s sports that we want.”
—Christine H. B. Grant, U.S. university athletic director. As quoted in the Chronicle of Higher Education, p. A42 (May 12, 1993)