2. A project can be defined as a temporary
endeavor undertaken to create a unique
product or service…
It will have following characteristics
A specific purpose
A specific result
Got a start date and end date
Progressively elaborated ( it means more details can be
added as project progress)
3. Project Management is applying knowledge ,
skill, tools and technique to meet project needs
Knowledge
skill
Tools & Techniques
PROJECT
5. A Program encompasses of projects that are managed in a
coordinated way to attain benefits that could not be achieved
separately
It is created by breaking big project into small pieces and
managed independently
A Portfolio is a group of interrelated projects and programs
that are managed to achieve overall strategic business goal.
Strategic planning is company plan for future products and services
typically for three to five years in future