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3 Cards in this Set
- Front
- Back
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Project VS Program VS Portfolio |
PMBOK Table 1.1 Page 8 Project: a temporary endeavor undertaken to create a unique product, service, or result. Has beginning and end Program: a group of coordinated projects, maybe with common goals, achieving benefits not realized by running projects individually Portfolio: a collection of projects / programs to achieve organizational strategic goals. All investments of the organization. |
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Project VS Operation Management |
Operations: Ongoing endeavors that produce repetitive outputs. Manages process in transforming resources into output. Project: Temporary endeavors to create a unique product, service, or result. They have more risks and uncertainties than operations and require more planning. |
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Organizational Project Management (OPM) |
Strategy execution framework utilizing: 1. project, program, and portfolio management 2. organizational enabling practices to consistently & predictably deliver organizational strategy producing: A. Better Performance B. Better Results C. Sustainable Competitive Advantage |
