The Differences between Project, Program, and Portfolio Management

To the layperson, it may seem like splitting hairs when considering program management vs. project management vs. portfolio management. While terms are often used interchangeably, and while they share some similarities, they are quite different in their contribution to the enterprise. Follow this article to make the blurred line between the three Ps clear. Project Management What is Project Management? According to the Project Management Institute (PMI), a project is a “temporary endeavor, with a finite start and end, taken by an organization to create a unique product, service, or result.” Regardless of size or scope, project management is the discipline of using principles and procedures to manage a project from inception through the delivery of an outcome, such as an app...