LU The Project Management Specific Steps Discussion

I’m working on a management question and need the explanation and answer to help me learn.

Consider differences among PMOs, portfolios, and programs and how your organization manages the project identification and selection process.

Share how your organization, or an organization you are familiar with, coordinates their project management process, including project selection (from proposal to acceptance or rejection), ownership of each step, and where decision-making comes into the process. If you haven’t worked in an organization with a formalized program or portfolio management process, how might these organizations have benefited from a program or portfolio process?