Program Management vs Portfolio Management | The Difference between Program and Portfolio Management

Program Management is a practice to manage and deliver multiple similar projects under an umbrella to obtain more benefits for an organization. While Portfolio Management is a centralized practice to manage and deliver different Projects, Programs and sub Portfolios for efficient management to achieve organizational goals. In program management several relevant projects are planned, managed, executed and delivered to improve the organization performance. while Portfolio Management allows organizations to work on large scale for projects selection, management and execution.