Frequently, I hear stakeholders confuse “project managers” and “portfolio managers.”
The misunderstanding may stem from the fact that although portfolio managers may seem to be higher in the organizational hierarchy, it doesn’t necessarily mean that they supervise project managers.
Also adding to the confusion is that today’s project managers have more business acumen than their predecessors to compete in a global economy.To determine the difference, remember one thing: Portfolio managers help translate an organization’s business strategy into a portfolio of projects’ benefits and results, which are delivered by project managers and their teams.
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