The PMBOK Refresher

Portfolio, Program, Project, and Organizational Management Relationships

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To see an answer, click or touch its question:

  1. What is a portfolio?
    • A set of projects, programs, subportfolios, and operations that are all managed as a group to achieve strategic objectives.
  2. Must the projects and programs in a portfolio be directly related or interdependent?
    • No, elements of a portfolio may not be related to each other nor interdependent.
  3. What is portfolio management?
    • The centralized management of one or more portfolios to achieve strategic objectives.
  4. What are the two main focuses of portfolio management?
    1. Ensuring that portfolio elements are reviewed in order to prioritize and allocate resources to them, and
    2. ensuring that portfolio elements are aligned with organizational strategies.