2.1 Relationship between project, program, portfolio, and operations management

Welcome to our lesson on the relationship between project, program, portfolio, and operations management! To help you better understand how these concepts work together.

Think of it this way: projects are temporary endeavours with a set start and end date. Programs comprise multiple related projects that work towards a common goal. Portfolios are groups of programs and projects that align with an organization’s overall strategy. Lastly, operations management is all about running day-to-day processes to keep the organization functioning smoothly.

When you understand the relationship between these four areas, you can handle any kind of business situation. So, let’s dive right in and explore how they interact!