There is often debate about whether an initiative should be categorised as a Portfolio, Programme or a Project. It is critical to recognise that each is a tool for a purpose.
In principle, projects exist and thrive on certainty of outcome, whereas programmes exist and evolve in a more ambiguous environments. |
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Bad reasons for selecting the approach
- Size of the budget
- Length of time to deliver
- Importance of the sponsor
- Complexity of the task
Good reasons for selecting the approach
- Types of risk being faced
- Bredth of impact on the organisation
- Complexity of the changes facing an organisation
- Complexity of the stakeholder environment
- Level of risk being faced
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