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Relationship between Project, Program and Portfolio

Project, Program and Portfolio - What is the difference? There have been few discussions in my recent workshops as what is the difference between project, program and portfolio. Lets start from the term which is most clear to all: Project: A project is a temporary endeavor undertaken to create a unique product, service, or result A project could be: Creating a website,   Creating a building,  Organising a rally/party Program:  A group of related projects, subprograms, and program activities that are managed in a coordinated way to obtain benefits not available from managing them individually. Programs may include operations and support activities.. The program could be : Rolling out 3G  network across india. Creating and Implementing a new policy organisation wide  Election campaign for presidential elections across country Portfolio A portfolio is a component c...

PMP Preparation – How Do I Begin?

There are so many blogs; so many advice on the net, one tends to get confused and scared.    Here is how I would plan to prepare for PMP exam: Understand Question % Process Group Wise Build on your strengths Follow what others have done right Be confident Pass the exam!! Understand Question % Process Group Wise Do you know PMI advises and guides you on the process group weightage, as well as have few question sample (Really ?? ). You can find the document here:   PMP Exam Prep by PMI       What you can find here is:  a.        PMP Credential handbook –  Helps you navigate through the overall Process starting from applying for exam, pay examination  and selecting the pro-metric center. b.       PMP Examination Content outline – This is utmost important of all. Going through this book gives you a fair idea of which process groups are most important. ...