PPM 101: Understand These 3 Ps

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PPM 101: Understand These 3 Ps
Tom Mochal (December 6, 2007)

How do projects, programs and portfolios differ? How are they similar? And how do they interrelate in efficiently, effectively organizing and executing work that produces business benefits?

Done right, project portfolio management can do a lot of good for any organization. But it’s not easy, as many companies, large and small, have discovered. In PPM 101, an ongoing series by veteran project management consultant and author Tom Mochal, we focus on the fundamentals for organizations that are just getting started on the PPM path.

You have all heard these three terms — projects, programs and portfolios. All three refer to ways to organize work. If you and your organization are going to utilize these concepts to your best advantage, it is important that you understand the similarities and differences between them, and how they can interrelate.

Projects

Projects should be the most familiar term to you.

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