I INF 305 Lecture Notes - Lecture 2: Project Management Body Of Knowledge, Motivation

• School: SUNY Albany
• Department: Information Science
• Course: I INF 305
• Professor: Junaid Halabi

Document Summary

An infrastructure firm that has the strategic objective of maximizing the return on its investments may put together a portfolio that includes a mix of projects in oil and gas, power, water. From this mix, the firm may choose to manage related projects as one program. All of the power projects may be grouped together as a power program. Similarly, all of the water projects may be grouped together as a water program. Thus, the power program and the water program become integral components of the enterprise portfolio of the infrastructure firm. * project :according to the pmbok guide , a project is a temporary endeavor undertaken to create a unique product, service or result. * program :a program is a group of related or similar projects managed in a coordinated way to get the benefits and control not available from managing them individually. * portfolio: a group of related or non-related projects or programs.