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Key terminology - AgilePgM

Portfolio = a set of initiatives that an organisation is carrying out or is going to carry out in the future

Programme = temporary flexible structure – to deliver outcomes and benefits relating to an organisations strategic objective, by driving, monitoring and guiding a set of related projects

Project = temporary structure created to deliver one or more capability

Capability = enables an ability (capability) for a business to deliver benefit to either customer or shareholders.

              Capability has 4 components

·       Business process

·       People

·       Physical assets

·       Information

Capability enablement = making a capability available for actual use “live”

Tranche = set of projects and related activities required to deliver one or more capabilities defined within the programme

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