What is a Project?

A project is a temporary endeavor undertaken to create a unique product, service, or result.

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.

What is Project Management?

Project management is the application of knowledge, skills, tools, and techniques to project activities
to meet the project requirements. Project management is accomplished through the appropriate application
and integration of the 42 logically grouped project management processes comprising the 5 Process Groups.

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

What is Program?

A program is defined as a group of related projects managed in a coordinated way to obtain benefits
and control not available from managing them individually.

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

What is Portfolio?

A Portfolio refers to a collection of projects or programs and other work that are grouped together
to facilitate effective management of that work to meet strategic business objectives.

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

 What is a Project Management Office?

A Project Management Office (PMO) is an organizational body or entity assigned various responsibilities
related to the centralized and coordinated management of those projects under its domain. The responsibilities
of a PMO can range from providing project management support functions to actually being responsible for
the direct management of a project.

	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