What is a project?

A project portfolio is a group of projects which has one or more common elements, e.g. they may all be resourced from a single pool of resources (and so are limited by the size of the pool), they may all focus on a single end user product (perhaps a major corporate product line or activity), or they may be all managed within a single division or line.

(Similar definitions from professional bodies include:

–          a grouping of an organisation’s project and, programmes as described by the Associate for Project Management  (APM)

–          the totality of an organization’s investment (or segment thereof) in the changes required to achieve its strategic objectives as described in Managing Successful Programmes (MSP®)

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