What is Program and Portfolio Management (PPM)?

Program management is the process of coordinating and overseeing multiple projects that are related and interdependent, to achieve a common goal or objective. It involves coordinating resources, schedules, budgets, and stakeholders across all the projects within the program. Program management helps organizations to align their projects with their strategic goals and objectives, and to ensure that resources are used efficiently and effectively.

Project portfolio management, on the other hand, is the process of selecting, prioritizing, and managing a portfolio of projects within an organization. It involves making strategic decisions about which projects to invest in, and how to allocate resources across those projects.  Project portfolio management helps organizations to align their projects with their strategic goals and objectives, and to ensure that the projects they invest in are aligned with their overall business goals. It also helps organizations to optimize the use of their resources, by prioritizing the most important projects and allocating resources accordingly.