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About IAPPM   Project & Program Concepts
 What is Program Management?
"Program management is the active process of managing multiple global workstreams or projects which need to meet or exceed business goals according to a pre-determined methodology or life-cycle. Program management focuses on tighter integration, closely knit communications and more control over program resources and priorities." [IAPPM-2003]
 What is Project Management?
"Project management is the centralized management by an individual to plan, organize, control and deploy key milestones, deliverables and resources from conception through retirement, according to customer goals. Often project managers are skilled to use specific templates and techniques to manage through the preferred project life-cycle." [IAPPM-2003]
 What is a Project Management Office (PMO)?
"The Project Management Office or PMO is the office or business group responsible for identifying, enforcing and support an organizations core project management framework, best practices, standards and available tools to improve project delivery within their pipeline. PMO's do not provide immediate payback, metrics or considered a quick fix to existing project management related problems and the intent is not to rule with an iron fist. Rather the intent is to ensure projects are delivered consistently and efficiently. Their aim over time is to reduce failures, improve visibility of resources and support those projects offering the biggest payback." [IAPPM -2004]
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 What is Portfolio Management?
"Portfolio management is best defined as a core strategic business process of actively identifying, evaluating and prioritizing projects, resources and budgets within their global or regional business pipeline. This management action allows for improved harmonization and assessment of competing investments across the organization and to make sound decisions." [IAPPM-2004]
 What is a Project Portfolio Management Office (PPMO)?
"The Project Portfolio Management Office is an internal team of a few key individuals that are primarily focused on the internal return on investment and determining tangible benefits on projects and programs within the organizations strategic portfolio. An organization could potentially combine the PPMO function into a PMO but the two are somewhat different. Some of the key items that the PPMO perform are the research and the accuracy of cost estimates, best project selection based on available resources
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