1.

SYSTEM FOR VALUE DELIVERY

2. ORGANIZATIONAL GOVERNANCE

SYSTEMS

3. FUNCTIONS ASSOCIATED WITH

PROJECTS

PMP (Project Management Professional ) 4. THE PROJECT ENVIRONMENT

5. PRODUCT MANAGEMENT

CONSIDERATIONS
Creating Value : Projects Exist Within A Larger System, Such As A Governmental Agency,
Organization, Or Contractual Arrangement. For The Sake Of Brevity, This Standard Uses The
Term Organization When Referring To Government Agencies, Enterprises, Contractual
Arrangements, Joint Ventures, And Other Arrangements. Organizations Create Value For
Stakeholders. Examples Of Ways That Projects Produce Value Include, But Are Not Limited To:

Creating a new product, service, or result

that meets the needs of customers or end users

Creating Positive Social Or Environmental Contributions

Improving Efficiency, Productivity, Effectiveness, Or Responsiveness

Enabling the changes needed to facilitate organizational transition to

its desired future state

Sustaining benefits enabled by previous programs, projects, or business

operations.
EVERY SUCCESSFUL BUSINESS
ACTUALLY DELIVERS WHAT IT
PROMISES TO ITS CUSTOMERS.
THERE’S A TERM FOR A PERSON
WHO TAKES OTHER PEOPLE’S
MONEY WITHOUT DELIVERING
EQUIVALENT VALUE

“SCAM ARTIST”
 portfolio
VALUE
DELIVERY
COMPONENTS

program Project
Project is a temporary endeavor undertaken with a
specific start and end date, with an expected outcome of
a Product, Service or Result.

Program is a collection of related projects that are

dependent on each other and serve a common outcome.

A portfolio is a collection of projects or programs

managed together in order to gain a business benefit
Exam pointer: Get this subtle difference. If the objective
of a Program is only getting a shared benefit (like shared
technology, client or resources), PMBOK® suggests that
it should be done together as a Portfolio and not as a
Program. There may be a question around this in the
exam.
An example of portfolio would be – a clothing firm has
a portfolio that serves strategic goals of improving the
effectiveness of IT, introducing new brand of teen-
clothing, reducing inventory costs, and increasing user
satisfaction.
EXAMPLE : the hope Company Run A Program For Building A Township. This Township
Consists Of Luxury Apartment Project, Low Cost Single-family House Project, And A
Commercial Purpose Office Building Project.
A Project may or may not have an associated Program, but a Program will always have Project(s)
associated with it
INFORMATION FLOW

Senior
leadership

Program
Operation &project

Portfolio
Example of Information Flow
GIVE ME MORE EXAMPLE
almomani.renad.trainer@gmail.com
TO MORE INFORMATION
https://www.pmexamsmartnotes.com/how-project-program-and-portfolio-related/
 PROVIDE OVERSIGHT AND
PRESENT OBJECTIVES AND FEEDBACK
COORDINATION
‫تقديم األهداف و ردود األفعال‬
‫توفير الرقابة والتنسيق‬

FUNCTIONS PERFORM WORK AND CONTRIBUTE INSIGHTS FACILITATE AND SUPPORT

ASSOCIATED ‫أداء العمل والمساهمة في األفكار‬ ‫لتيسير و الدعم‬

WITH PROJECTS
PROVIDE BUSINESS DIRECTION AND INSIGHT APPLY EXPERTISE

‫التوجيه في العمل و التبصر‬ ‫تطبيق الخبرة‬

MAINTAIN GOVERNANCE PROVIDE RESOURCES AND DIRECTION

‫إدارة الحوكمة‬ ‫توفير الموارد و التوجيه‬