DEFENCE TRANSPORT ENERGY

 

Portfolio, Programme and Project Management (P3M)

 

Portfolio: Projects, programs, sub-portfolios, and operations managed as a group to achieve strategic objectives.

 

Program: A group of related projects, subprograms, and program activities managed in a coordinated way to obtain benefits not available from managing them individually.

 

Project: A temporary endeavour undertaken to create a unique product, service or result.

 

Source: A Guide to the Project Management Body of Knowledge, Fifth Edition, Project Management Institute