Programmes may include elements of related work outside of the scope of the discrete projects in the programme… Some projects within a programme can deliver useful incremental benefits to the organisation before the programme itself has completed.”īearing this in mind it can be seen that programme mananagement necessarily operates at a level above individual projects and is focused on coordinating and prioritising of resources across projects, managing links between the projects and minimising the overall costs and risks of the programme.Ĥ.
Typical attributes of projects being analyzed include each project’s total expected cost, consumption of scarce resources (human or otherwise), expected timeline and schedule of investment, the expected nature, magnitude and timing of benefits to be realised, and relationship or inter-dependencies with other projects in the portfolio.Īccording to the Project Management Institute “a programme is a group of related projects managed in a coordinated manner to obtain benefits and control not available from managing them individually. The fundamental objective is to determine the optimal mix and sequencing of proposed projects to best achieve the organisation’s overall goals – typically expressed in terms of hard economic measures, business strategy goals, or technical strategy goals – while honouring constraints imposed by management or external real-world factors.
Portfolio management is a term used by project management professionals to describe methods for analyzing and collectively managing a group of current or proposed projects based on numerous key characteristics. These best-in-class solutions provide the project execution and control capabilities needed to successfully deliver projects on time, within budget and with the intended quality and design. It is estimated that projects totalling more than US$6 trillion in value have been managed with Primavera products.Ĭompanies turn to Primavera project portfolio management solutions to help them make better portfolio management decisions, evaluate the risks and rewards associated with projects, and determine whether there are sufficient resources with the right skills to accomplish the work. Primavera is not just a single product, but is now a brand name covering a suite of products focused exclusively on helping project-intensive businesses manage their entire project portfolio lifecycle, including projects of all sizes.
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