Difference Between Project, Program, Portfolio and Operational Work
PMP certification focus on applying best practices for managing project but no it is not mandatory to apply all the rules and a project manager needs to use his own judgement what to follow in real world. Difference between Project, Program & Portfolio As per PMBOK fifth edition project is a temporary endeavour with a start and end date, it provides a unique output. Reasons for a need a project: Market Demand Customer Requirement Environment or Regulatory conditions Business case to achieve cost efficiency Sometimes we may need to execute a series of projects; program is a collection of related projects. A […]
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