With COVID-19 pandemic rapidly spreading throughout the globe and almost bringing everyone’s life to a standstill with businesses closing-down and employees forced to stay-at-home because of local or federal guidelines, it is imperative to assess the impact of these unprecedented conditions on the on-going, projects, programs, and portfolios. According to the World Health Organization (WHO), …
To understand the fundamental difference between Project, Program and Portfolio Management, lets dive into what the words ‘Project’, ‘Program’ and ‘Portfolio’ actually stands for. These are very similar sounding functions but very different in nature. ‘Projects’ according to the Project Management Institute (PMI) are the temporary endeavors undertaken to create a unique product, service or …
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