So what is Portfolio, Programme and Project Management all about? Most of us have a broadly similar definition of a project based on key characteristics such as being non-routine, time limited and designed to achieve specific outcomes.
The definitions get more complex – and somewhat contradictory – after this since the Office of Government Commerce defines a programme as:
the co-ordinated management of a portfolio of projects…
whereas other sources would define a portfolio as the management of a set of programmes. Many people refer to senior managers having a portfolio of responsibility without necessarily thinking of it in terms of related projects and programmes.