What's the difference? |
If you want to make a specific change to your business running a project is the best route. It will have a specific start and completion date. Project Management allows you to bring about beneficial change or to add value on project completion. |
If you want to re-align your business, for example, to weather challenging market conditions, running a programme would be a preferred route as a programme can bring together several related projects and activities to realise strategic change. With a programme benefits are realised throughout; rather than solely on completion. |
If you want to ensure your Business Strategy is progressed through Projects and Programmes; Portfolio Management could be an excellent option. With Portfolio Management you can coordinate Change and Business as Usual activity to ensure scarce funds are invested both effectively and efficiently. Portfolio Management allows you to implement the Right Change. Programme and Project Management allow you to implement Change Right. |
| Project Requirements Analysis is the process of defining exactly what the project consists of in terms of its products. For example, the requirements for a new payroll system are split into both business and system requirements. A requirement can be that 'the new system is able to process 1000 employees in 2 hours' or that 'the new system must be able to operate on the company's existing computers'. |