Difference Between Project Management And Portfolio Management

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Difference Between Project Management And
Portfolio Management
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Scope
Scope and Scale
The scope is basically the focus of attention. In
portfolio management, scope is driven by
strategic business objectives, which are created
to address a portfolio. The scale of the project
management should be smaller than that of
portfolio management. In the latter, scale should
not only be larger but also diffuse as well.
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Success Scale and Schedule
The scale of the project management should be
smaller than that of portfolio management. In the
latter, scale should not only be larger but also
diffuse as well. It's the time taken to create
and complete the expected things out of a project
management. In this individual project
facilitates to complete business objectives.
4
Risk Management Leadership Style
The risk in a portfolio is the deviation from the
stakeholders expectations and is managed through
portfolio balances. Project management mainly
focuses on the execution of a project while the
portfolio managers add values to the portfolio
decisions.
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Monitoring and Control
Manager at portfolio management should control
the total performance and its valued indicators
while a project manager can directly control and
monitors the activity along with its
deliverables.
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