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Andy Young Discussion started by Andy Young 6 years ago

I've been working on a couple of questions but wonder if my answers are too basic - any advice welcome

Explain the terms Programme management and Portfolio Management and give examples of 3 key differences between them.

 

Programme management is the term used to describe the co-ordination of inter-related, or inter-dependent projects that contribute to a common strategic objective.

 

Portfolio management refers to the management of all activities within an organisation, including programmes, projects and business as usual. An organisation can use a portfolio to achieve several strategic objectives.

 

The key differences between Programme management and Portfolio management are:

 

The programmes and projects in a portfolio are not related or dependent on each other. Projects within a programme are related or dependent.

 

Due to the relationship between projects in a programme a failure of one project can cause all others to fail. In a Portfolio the failure of one project can be compensated by successes in other projects.

 

Programmes focus on achieving one specific strategic objective. A portfolio can support several strategic objectives

 

 
 

Explain what you understand by the term “project context” and describe 4 possible examples of project context.

The term “project context” refers to the business environment within which the project takes place. In any project there will be a number of areas that influence how the project is run and key considerations for the decision making process.

It is possible to identify the areas of influence in a number of ways.

Economic – Market trends, recession and currency exchange rates are all economic factors that can affect a project

Sociological – The availability of labour and the outsourcing of production processes and services.

Legal – the data protection act and Health and safety regulations are two key factors when considering legal requirements for a project.

Environmental – environmental factors can include the buildings that make up the organisation. For example, in the refurbishment of older schools it is necessary to plan for the detection and removal of asbestos.

Replies
Peter
Peter Hi Andy,

Ive just done the APMP exam and im not a moderator or anything but id suggest a few extra points. I would first expand a bit on the...
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6 years ago
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Paul Naybour
Paul Naybour Hi Peter and Andy

The APM guidance is for 2-3 sentences for each point. Explain what it is, why it is important and provide and example. So for...
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6 years ago
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Andy Young
Andy Young Thanks for the help. It gives me a better idea of the level of detail needed 6 years ago
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