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Enterprise project portfolio management (EPPM) is a top-down approach to managing all project-intensive work and resources across the enterprise. This contrasts with the traditional approach of combining manual processes, desktop project tools, and PPM applications for each project portfolio environment.
In program management, the manager supports all project-level activity by ensuring program goals are met at each milestone of the project. In addition, the program manager is ultimately responsible for execution of projects to include decision-making capacity that cannot be achieved at project level or by a project manager .
The concept of organizational project management is based on the idea that there is a correlation between an organization's capabilities in project management, program management, and portfolio management and the organization's effectiveness in implementing strategy. [3]
A project management office (usually abbreviated to PMO) is a group or department within a business, government agency, or enterprise that defines and maintains standards for project management within the organization. The PMO strives to standardize and introduce economies of repetition in the execution of projects.
Project Portfolio Management includes the creation of various scenarios to decide which is the best portfolio (for a certain year, business, budget, etcetera). Once the contents of the portfolio are agreed upon, it is key to constantly scrutinize how the individual projects are evolving in terms of quality, cost and schedule.
Virtual program management (VPM) is management of a project done by a virtual team, though it rarely may refer to a project implementing a virtual environment [84] It is noted that managing a virtual project is fundamentally different from managing traditional projects, [85] combining concerns of remote work and global collaboration (culture ...
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