PMP Certification Training - Difference Between Projects, Programs, and Portfolios

The video tutorial explains the relationship and hierarchy between project, program, and portfolio management. It highlights the differences in scope, change management, and roles of managers at each level. The success criteria and monitoring processes for projects, programs, and portfolios are also discussed, emphasizing the strategic alignment and performance measurement necessary for effective management.

Which of the following best describes the relationship between portfolios, programs, and projects?

• Projects are part of programs, which are part of portfolios.

• Programs are part of projects, which are part of portfolios.

• Portfolios are part of projects, which are part of programs.

• Projects are part of portfolios, which are part of programs.

What is the primary focus of program scope?

• Market changes

• Regulatory compliance

• Benefits management

• Product quality

How do project managers typically handle changes during the project lifecycle?

• They implement all suggested changes.

• They encourage frequent changes.

• They minimize changes.

• They ignore changes.

What is a key responsibility of a program manager?

• Budget compliance

• Monitoring market trends

• Day-to-day management of a project

• Strategic alignment and communication between projects

How is the success of a portfolio primarily measured?

• By the collective performance and benefits to stakeholders

• By the quality of individual projects

• By the number of projects completed

• By the speed of project delivery