Portfolio , Programme, Project – What’s the difference? Friday snippet

OK so today we are going back to basics, talking through what a portfolio, programme and project actually are. I was in consultation with a project manager last week who was describing his current project list, as we talked through his input into the business he asked if he was in fact a programme manager – which lead me to write this blog piece. Having spent more years than I care to remember delivering and studying in the field of project management it dawned on me that a great deal of professionals currently working in the field of project management rarely get an outsider perspective and certainly won’t have read through the skip load of books I have. So those of us who are well into the field of PPM are sat inside a rather well oiled bubble and there are hundreds of effective and hard working PPM professionals out there who are just beginning to learn of our bubble. So for all those new to the bubble – welcome and here’s a basic overview of the 3 Ps.

  • PROJECT – A piece of work with a definite start and end, and clearly defined deliverable.
  • PROGRAMME – A programme is a number of related projects run collectively to obtain specific strategic objectives and benefits.
  • PORTFOLIO – A portfolio is an assortment of projects or programmes categorised to facilitate meeting strategic business objectives through effective management. This is a centralised management of programmes, projects and sometimes portfolios which aren’t necessarily interdependent or related directly.

 

OK so now we have cleared that up in the simplest form – here’s a couple of useful links for further information (APM MSP MoP) . Once you start to get a grasp of the basics, I assure you, you will be drawn into wanting to know more.

If you are in need of some advice about what it is you actually do – get in touch, no question is a stupid question and with a little consultation we will have you well placed for taking that next step to finding a new role: www.thecvrighter.co.uk

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