The PMBOK Refresher

Comparing Project, Program, and Portfolio Views Across Six Dimensions

Copyright © 2017 by Tomislav N. Krnich

To see an answer, click or touch its question:

  1. What six dimensions can be used for comparing project, program, and portfolio management views within an organization?
    1. Scope,
    2. change,
    3. planning,
    4. success, and
    5. monitoring.
  2. How do managers view the scope of their project, program, and portfolio?
    1. Project scope is viewed as defined across a single project, having narrow, low-level objectives that are progressively elaborated throughout the project life cycle.
    2. Program scope is viewed as defined across several projects and subprograms, having mid-level objectives that collectively provide benefits which could not be provided individually.
    3. Portfolio scope is viewed as defined across several programs, projects, and subportfolios, having wide, high-level objectives that change with the strategic objectives of the organization.
  3. How do managers view change in their project, program, and portfolio?
    1. Change in a project is viewed as expected and they implement processes to manage and control it.
    2. Change in a program is viewed as expected from inside and outside the program and they are prepared to manage it.
    3. Change in a portfolio is viewed as to be continuously monitored in the broader internal and external environment.
  4. How do managers view planning for their project, program, and portfolio?
    1. Project planning is viewed as developing and maintaining project-level communications and to progressively elaborate project objectives into detailed tasks throughout the project life cycle.
    2. Program planning is viewed as developing and maintaining program-level communications and objectives that guide the development of project-level objectives.
    3. Portfolio planning is viewed as developing and maintaining portfolio-level communications and objectives that guide the development of program-level objectives
  5. How do managers view management for their project, program, and portfolio?
    1. Project management is viewed as leading project-level resources to accomplish project objectives.
    2. Program management is viewed as leading program-level resources to accomplish program objectives.
    3. Portfolio management is viewed as leading portfolio-level resources to accomplish portfolio objectives.
  6. How do managers view success for their project, program, and portfolio?
    1. Project success is measured by 1) product quality, 2) project quality, 3) timeliness, 4) budget compliance, and 5) the degree of customer satisfaction.
    2. Program success is measured by the degree to which the program satisfies the needs and benefits of program-level objectives.
    3. Portfolio success is measured by the degree to which the portfolio satisfies the needs, benefits, and return on investment of the portfolio.
  7. How do managers view the monitoring of their projects, programs, and portfolios?
    1. Project monitoring is viewed as controlling the work that produces products, services, or results.
    2. Program monitoring is viewed as controlling the progress of projects as they accomplish program objectives.
    3. Portfolio monitoring is viewed as controlling the progress of programs as they accomplish portfolio objectives.

 

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