ABSTRACT
Chapter 1 provides guidance on how to establish where a new project ts into an organization, how it aligns with the strategy, and how project management methods can be applied. e chapter dierentiates between project, program, and portfolio management. A program refers to the compilation of multiple “related” activities, whereas a portfolio refers to the compilation of multiple “related and unrelated” activities. A project manager should conrm the alignment of the R&D project with the organizational strategy and determine if the project would t into an existing program or should be treated as a unique project. is is particularly important when building a business case for a new R&D project. Understanding where it ts and ensuring that it is aligned with the organization’s strategy will increase its chance of becoming a funded project.
