Portfolios, programmes and projects
DOI link for Portfolios, programmes and projects
Portfolios, programmes and projects book
Projects are increasingly being used to manage ‘change’ activities, but business is rarely so simple that a single project can achieve all that is needed to direct and manage all the necessary changes. This requires a number of projects, each aimed at delivering a required outcome to realize the benefits the organization needs. This chapter covers the management structures one need to use to reap the rewards of being a value focused business or organization. These management structures include: business portfolios, programmes, projects, other work, and work packages. A business portfolio comprises current benefit generating business activities, together with a loosely coupled but tightly aligned portfolio of programmes, projects and other work, aimed at realizing the benefits of part of a business plan or strategy. A programme is a tightly coupled and tightly aligned grouping of projects and other work managed as a temporary, flexible organization created to coordinate, direct, outcomes and benefits related to a set of strategic objectives.