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The concepts and tools of project, program, and portfolio management are only implemented within the computer industry located in the United States.True or False?

User Rmv
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Final answer:

The claim that project, program, and portfolio management tools are exclusive to the computer industry in the U.S. is false. These methodologies are applied worldwide across various industries to manage projects effectively and align with strategic objectives.

Step-by-step explanation:

The statement that the concepts and tools of project, program, and portfolio management are implemented only within the computer industry located in the United States is false. These management practices are not industry-specific nor are they limited geographically to the United States. They are universal methods that can be applied across various sectors, including construction, healthcare, education, finance, and many more globally. These methodologies are designed to ensure that projects are executed effectively, align with strategic objectives, and are managed in coordination with other projects and programs.

Project management focuses on the planning, executing, and closing of a project. Program management oversees a group of related projects to achieve strategic objectives. Portfolio management involves the selection, prioritization, and control of an organization's programs and projects, in line with its strategic objectives and capacity to deliver. The goal is to balance change initiatives and business-as-usual while optimizing return on investment.

These approaches are widely adopted and recognized as best practices within various industries around the world to

User Aryan G
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