What is the difference between a Portfolio Manager and a Programme Manager

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I think the distinction between Project Management and Programme Management is somewhat easy to see in practice, but what is the distinction between Portfolio Management and Programme Management?

Any help will be valuable.

Jul 23, 2020 in PMP by Roshni
• 10,480 points

recategorized Sep 3, 2020 by Roshni 123 views

1 answer to this question.

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Hey,

Very briefly I will put down for you:

  • The role of a portfolio manager which revolves around managing one or more portfolios and working with different financial algorithms.
  • Portfolio Managers often develop management standards to guide the portfolio and they keep a high-level view of everything within the portfolio.
  • Collecting key project and organizational information, identifying the company’s strategic goals, determine if these support those strategic objectives.
  • Analyze the current strengths and weaknesses of Project Portfolio, project milestones, potential ROI, reporting schedule, and resource allocation. 
  • In the management aspect of the process, you also need to view the project portfolio and make necessary decisions about the allocation/reallocation of budgets, resources, prioritization.

Whereas the Program management is “A group of related projects, subprograms, and program activities that are managed in a coordinated way to obtain benefits not available from managing them individually.” It takes over the governance, the financial, and the management infrastructure side of a program and helps establish “fit for purpose” procedures to deliver successfully.

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answered Jul 23, 2020 by Gitika
• 65,910 points

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