This analysis was inspired by Darren Radford, coauthor of Going Beyond The Waterfall, published by J. Ross Publishing © 2014, in Table 1.1 on p6, titled: "Differences between project, program and portfolio management".
Published here December 2014

Introduction | Project Management Generally
Body of Knowledge Domains – Core Project Management Functions | Facilitating Functions
Project Implementation | Conclusions

Project Implementation

Domain

Level

Comparative Responsibilities

Monitoring & Control

 

Project

Monitor and control the work of producing the products the project was undertaken to deliver.

Program

Monitor the progress of program components to ensure overall goals; schedules; budget; benefits; of the programs are all contained. Provide governance to projects in the programs.

Portfolio

Monitor aggregate benefit realization performance; and cost-to-value indicators. Provide governance to program management.


Change Management

Project

Changes are to be avoided or minimized if possible; processes in place to keep changes managed, and controlled.
Note: "Change Management" is the business of administering changes to scope, time, cost, etc. This is not to be confused with "Management of Change" meaning, for example, organizational change as a project.

Program

Expected from inside and outside the program; generally seen as opportunities.

Portfolio

Changes in the broader external environment continually assessed. Overall portfolio managed accordingly.


Success

Project

Measured by process compliance and product quality; timeliness; adherence to budget; customer satisfaction with product.

Program

Measured by the degree to which the products of the projects in the program create value, and/or deliver benefits from the capability created, and for clients served.

Portfolio

Measured in terms of aggregate performance of business divisions and departments, and/or satisfies corporate vision and strategies, and/or lays the groundwork for future development.
 

xxx  Body of Knowledge Domains –
Facilitating Functions

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