Susan has been tasked with overseeing all the projects and programs in her organization to ensure they align with the company's strategic objectives. She reviews resource allocation across these initiatives and ensures that they contribute to the overall business goals. What is Susan managing?
A Program
A Project
A Portfolio
Operations
Susan is managing a portfolio. A portfolio consists of a collection of projects, programs, and operations managed together to achieve strategic objectives. Portfolio management focuses on ensuring that all these initiatives align with the organization's goals and optimizing resource allocation among them.
A project is a temporary endeavor undertaken to create a unique product, service, or result. Susan is not focused on a single project but on multiple initiatives.
A program is a group of related projects managed in a coordinated manner to obtain benefits not available from managing them individually. While Susan oversees programs, her role encompasses more than just one program.
Operations involve ongoing, repetitive activities that sustain the business. Susan's responsibility is broader, focusing on strategic change initiatives rather than routine operations.
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