Portfolio, Program and Project Management


Moved to https://futuretrustholdings.wordpress.com/2018/08/01/portfolio-program-and-project-management/

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6 thoughts on “Portfolio, Program and Project Management

  1. Useful info, thank you very much.
    Keep up the good writings, significantly inspiring and genuinely inspired from the reality of our times.

  2. The definitions provided are all related to what the varying disciplines do with regard to their individual roles. My question, however, is who is the Project, Programme or Portfolio Manager? A secondary question: How is this person regarded within the organisation?

    We all know, in the project management world, what the role entails. The implementation of methodology is not the question here. So who is this person in the eyes or the organisation, especially at executive and senior management level.?

    I think, once this can be clarified, the use of the terms, Project Manager, Programme Manager and Portfolio Manager might be clearly understood. Who knows!

    • Hi Dave,

      Thanks for the comment.

      A portfolio manager would typically be a head of a department, division or business unit. Within his / her environment there may be several projects and programs occurring all aimed at some specific objective.

      In the example I used in the blog I referred to the development of a new aircraft. If we continue in that vain, the aircraft maintenance manager may have existing operations, a service delivery improvement project, as well as involvement with the new aircraft design program where his organisational unit have to provide input into aircraft maintenance requirements and considerations.

      So in essence the portfolio manager would be a very senior person (manager or executive), tasked with ensuring the overall health and well-being of a discipline or concept within an organisation part of which would contain the components of the portfolio.

      The program manager may or may not be employed by the company that will receive the eventual products and services produced by the program. This person is fully focussed and committed to ensure delivery of the eventual products and services produced by the program. This does not mean that a program manager may not have line or other managerial function within an organisation, it simply means that a overwhelmingly large proportion of overall available effort would be consumed by the management of the program.

      In my view a program manager is still a very senior person but this person is accountable to produce the goods… (products and services produced by the program). Because of the strategic nature of programmes, it would be advisable that this person either have a very senior position OR have unwavering executive support. The program manager may also perform the role of project sponsor to the constituent projects within the program.

      Project managers as we know can vary greatly in seniority, authority and capability. Obviously it would help if the project manager is more senior than the project members, but that is not essential (I have successfully executed quite a few projects where a number of the project members outranked me significantly in the corporate structure without much problems.)

      I hope this gives you some ideas as to who these persons would be inside an organisation. The element that makes this difficult to pin down exactly resides within scale e.g. what NASA view as a small project could overshadow the largest program ever undertaken by company x and could exceed the size of the finance portfolio of a small country.

      Have a fantastic day
      🙂 Anton

  3. Another way to future proof your career is to always keep acquiring new skills and get certified. PMP Certification is grt if you’re at a project management level or aspire to be in http://www.pmstudy.com has a great free test if you’d like to gauge your project management knowledge.

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