5. Differentiate the following terms in Project management: Projects, Programs, and Portfolio.
Projects are carried out for a single or a group of connected goals. A program is a collection of projects that are managed together to achieve various aspects of a larger purpose. The command module and lunar landing modules, for example, were developed as separate programs for NASA's lunar landing program. A portfolio is a collection of initiatives, programs, and even other portfolios that work together to assist a company to achieve a high-level business goal.
