Project

	Temporary
	Unique Products, Services, or Results
	Progressive Elaboration

Progressively means proceeding in steps and continue to increase steadily.

Projects and operations differ primarily in that operations are ongoing and  repetitive, while projects are temporary and  unique.

Project is different from Product.

Project Management

	application of Knowledge
	Skills
	Tools and Techniques to project activities to meet
	Project requirements

Program

	a group of related projects managed in a coordinated way
	to obtain benefits and
	control not available from managing them individually

Portfolios

	Organizations manage their portfolios based on specific goals
	maximize the value of portfolios
	exclude projects not meeting strategic objectives

 Project Management Office

	Organizational unit to centralize and coordinate the management of projects
	share and coordinate resources
	identify and develop project management methodology, best practices and standards
	Centralized repository
	provide training, coaching and mentoring
	project control and  tracking