Program Management

Program Management is the discipline of managing a group of interdependent projects. In management’s hierarchical structure, program management comes between project management and project portfolio management (PPM).

Because there are some disagreements to its exact definition, program management is an often misrepresented area of expertise. Allow us to clarify the misunderstandings commonly associated with program management.

Program Management vs. Project Portfolio Management

Because a program consists of multiple projects, it is often confused with a portfolio. However, there are some significant differences that distinguish the two. While programs can only contain interdependent projects, portfolios are composed of both programs and stand-alone, independent projects. Independent projects are those that do not fall into a specific program but are nonetheless important. They might require different resources, or they might have objectives different from those associated with the other projects and programs within the portfolio.

The main difference between program management and portfolio management is that portfolio management is a planning and decision-making process to select the optimum portfolio value, while program management is the function that ensures the portfolio value is attained. In other words, portfolio management is the method of prioritizing projects and programs according to the overall business strategies, while the actual delivery of those strategies is the role of program management.

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