Organization: The highest level of the hierarchy. Defines strategic goals, vision, and mission.
“Allocates resources to portfolios, programs, and projects to achieve business objectives”
Portfolio: Portfolio is collection of Programs & Projects
Portfolio is A collection of programs, projects, and operations grouped together to align with organizational strategy.
Program: Program is collection of Projects.
Program is a group of related projects managed in a coordinated way to achieve benefits not achievable individually.
Project: Project is collection of Products.
A project is a temporary endeavor undertaken to create a unique product, service, or result. It is defined by specific goals, a start and end date, and constraints such as time, cost, and resources.
Products are often managed over their lifecycle to provide ongoing value to the organization.
Product: Product is The final deliverable or result of one or more projects, it’s both services or goods.
Products are often managed over their lifecycle to provide ongoing value to the organization.
Organization Business Flow
