Portfolio, Program & Project Management (P3M)

The individual terms above could have many contextual meanings. This exposition will limit the focus to the area of strategy and management.

Portfolio is a collection of whatever prioritized items that will turn into whatever designated objectives. Those item(s) may or may not be having interdependency.

Program is a collection of groups of interrelated activities which have special targeted outcomes. The outcome should be meeting a set of objectives which ultimately be dedicated to the people at stake.

Project by word derives from Latin word projectum, meaning “to throw something forwards”. In project management, project is defined as a temporary endeavor undertaken to create a unique product, service or result.

The terms of portfolio, program and project have atmosphere of specific target. The target is coordinated in a structured arrangement. The arrangement of portfolio, program and project in a given structured layout above aims to align multiple activities, from project into program into portfolio then into ultimate set of objectives.

./Salam,