Chapter 4: Project Management Fundamentals

In this section

• Defining Projects, Programs, Portfolios
  Delve into the fundamental building blocks of modern project management by exploring the definitions, scopes, and interconnections among projects, programs, and portfolios—gain clarity on how each structure supports organizational strategy and value delivery.
• Business and Strategic Value of Projects
  Explore how projects serve as catalysts for organizational strategy, focusing on financial returns, sustainable benefits, and long-term value creation.
• Project Roles, Stakeholders, and Governance
  Explore essential responsibilities, stakeholder engagement strategies, and governance structures that underpin project success and strategic alignment.
• Project Life Cycles: Predictive, Agile, Hybrid
  Discover how to choose the right project life cycle—predictive, agile, or hybrid—based on project context, complexity, and stakeholder needs. Learn practical selection criteria, real-world examples, and best practices for adapting each approach to maximize success.