Last edited 01 Dec 2020

Programme v portfolio

A programme is a series of interrelated projects that may be carried out repeatedly or continuously in order to support an ongoing process. The outcome of a programme may be intangible and the projects may change over time as the programme evolves. The process of business improvement may be considered to be a programme, as it is continuous, changing, and the outcomes may be difficult to define. For more information see: Programme.

The Green Book, Central Government Guidance On Appraisal And Evaluation, Published by HM Treasury in 2020, suggests that a portfolio: ‘is a collection of programmes and/or projects it may be used to structure and manage investments at an organisational or functional level to optimise strategic benefits and/or operational efficiency.’ For more information see: Portfolio.

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