During a meeting, a new member of the PMO says, "If this project fails, then the portfolio fails, and the program as a whole ultimately fails." Which of the following errors is the new PMO member…

The correct answer is C. The new PMO member has confused the relationship between portfolio and program. Projects are sometimes managed as part of a program or portfolio. A program is a group of related projects that are managed together using coordinated processes and techniques. The collective management of a group of projects can bring about benefits that wouldn’t be achievable…

Project management concepts

Question

During a meeting, a new member of the PMO says, “If this project fails, then the portfolio fails, and the program as a whole ultimately fails.” Which of the following errors is the new PMO member making?

Options

AThe new PMO member has not review the intra organizational strategy.
BThe new PMO member does not realize that although a project can fail, a program cannot, as it
CThe new PMO member has confused the relationship between portfolio and program.
DThe new PMO member has not had an opportunity to review the company's project list.

How the community answered

(39 responses)

A
5% (2)
B
23% (9)
C
59% (23)
D
13% (5)

Explanation

Projects are sometimes managed as part of a program or portfolio. A program is a group of related projects that are managed together using coordinated processes and techniques. The collective management of a group of projects can bring about benefits that wouldn’t be achievable if the projects were managed separately. Portfolios are collections of programs, subportfolios, and projects that support strategic business goals or objectives. Unlike programs, portfolios may consist of projects that are not related.

Topics

#portfolio management#program management#project hierarchy#PMO structure

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