PROJECT, PROGRAM & PORTFOLIO MANAGEMENT
"Integrating project activities to achieve synergies and efficiencies."
Need For Project, Program & Portfolio Management
Project, program, and portfolio management are three interconnected disciplines that organizations use to ensure the successful delivery of initiatives, ranging from individual projects to broader strategic goals. While they share similarities, there are distinct differences between them.
Project management is focused on delivering specific outputs within defined constraints, while program management is focused on coordinating and aligning multiple projects to achieve broader strategic goals and benefits. Both disciplines are essential for managing complexity, driving organizational change, and delivering successful outcomes in today's dynamic business environment.
On the other hand, portfolio management is a strategic discipline that helps organizations prioritize, execute, and optimize their investments in projects and programs to achieve business objectives and deliver value to stakeholders. By taking a holistic view of the project portfolio, organizations can make better-informed decisions, allocate resources more effectively, and drive sustainable business success.
Ensuring all projects and programs are prioritized and executed to deliver desired outcomes, our consultants will work with you to implement the following vital initiatives:
Scope Management
- Definine, control, and manage what is and isn't included in a project to ensure project delivery within time, scope and budget.
Program Governance
- Establish the structure, policies, and processes for program oversight and decision-making. It is the framework, structure, and processes established to provide oversight, direction, and decision-making authority for a program within an organization.
Strategic Alignment
- Ensure that projects and programs within the portfolio align with your organizational goals and objectives. It ensures that all your organization's goals, objectives, resources, processes, and activities are coordinated and focused on achieving its strategic objectives.
Decision Support
- Provide your organization with information and analysis to support portfolio investment decisions and resource allocation.