Sab9#2_Definition_of_a_project2

Annotations:

• The projects in a program are often dependent on each other.  

1. PROJECT MANAGEMENT
   1. Process groups
      1. Initiating, Planning, Executing, Monitoring and Controlling and Closing
   2. Knowledge areas
      1. Integration, Scope, Time, Cost, Quality, Human Resource, Communications, Risk, Procurement and Stakeholders Management
2. PROGRAM MANAGEMENT
   1. Program is a group of related projects. Is all about keeping track of resources and other constraints affecting groups of projects which can achieve some shared benefit.
3. PORTAFOLIO MANAGEMENT
   1. Includes a group of programs, individual projects, and other related operational work that are prioritized and implemented to achieve a specific strategic business goal.
4. ORGANITATIONAL PROJECT MANAGEMENT (OPM)
   1. Serves as a guide or driver for Project, program and portafolio management and other organitational practices. Provides a strategic framework
5. OPM3
   1. This model is designed to help organitations determine their level of maturity in Project management.
6. BUSINESS VALUE
   1. Is the benefit you created when you completed your project