Question

Program management and portfolio management differ from project management in their ___. However, portfolios, programs, projects, and operations often engage with the same stakeholders and may need to use the same resources, which may result in a conflict in the organization. This type of a situation increases the need for coordination within the organization through the use of ___ to achieve a workable balance in the organization.

Answer 1

Program management and portfolio management differ from project management in their scope and complexity. The need for coordination within the organization through the use of strategic planning and resource allocation becomes vital in such situations.

Step-by-step explanation:

Program management and portfolio management differ from project management in their scope and complexity. However, portfolios, programs, projects, and operations often engage with the same stakeholders and may need to use the same resources, which may result in a conflict in the organization. This type of situation increases the need for coordination within the organization through the use of strategic planning and resource allocation to achieve a workable balance.