Difference Between Project Management And Portfolio Management
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.
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.
Risk Management & Leadership Style
The risk in a portfolio is the deviation from the stakeholder’s 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.
Monitoring Control
and
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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