Scribd
Upload
28 views3 pages

Program Management VS Project Management

COURSE INTRO. TO PROJECT MANAGEMENT

Uploaded by

Coffee Vanilla
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
28 views3 pages

Program Management VS Project Management

COURSE INTRO. TO PROJECT MANAGEMENT

Uploaded by

Coffee Vanilla
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

PROGRAM MANAGEMENT VS PROJECT MANAGEMENT

What Is Program Management?

Program management is the practice of managing several ongoing projects at once. It involves

combining a group of initiatives to accomplish shared business goals. This approach breaks

project silos while avoiding pitfalls.

According to PMI, program management is “a group of related projects managed in a


coordinated

manner to obtain benefits not available from managing them individually.” It adds,
“Organizations

with mature program management are far more successful than those without it.”

Programs comprise distinct projects across multiple teams with different managers working

towards the same strategic goal. For instance, eCommerce businesses can have several

independent yet interdependent initiatives to enhance customer retention.

More than just a group of related tasks, program management facilitates strategic execution by

converging multiple teams and individuals for a shared purpose. While project management is

about managing individual initiatives and deadlines, programs focus on continuous


improvement,

strategic planning and value realization.

Programs offer a bird’s eye view into several aligned projects to optimize organizational

resources while minimizing conflicts that cause budget overshoots and delays. Bigger teams

comprising numerous employees and distributed tasks typically handle programs due to their

large size.

Roadmaps are essential tools that teams employ to convert organizational vision into strategic

plans. They define program timelines, releases and milestones while providing the visual ability
to

communicate and justify plans.

Successful programs:

Have fluid deadlines due to enormous scope and longevity.


Assemble interdependent deliverables that change with evolving business needs.

Optimize resources through project alignment while achieving accuracy, efficiency and

reliability.

Unlock new capabilities for long-term organizational benefits.

What Is Project Management?

Project management is an endeavour to plan, coordinate and oversee initiatives from beginning

to end. PMI defines project management as the “use of specific knowledge, skills, tools and

techniques to deliver something of value to people.”

“The development of software for an improved business process, the construction of a building,

the relief effort after a natural disaster, the expansion of sales into a new geographic market—

these are all examples of projects,” it adds.

Projects are finite with a defined beginning and end and can vary in scope and size. Project

management basics include managing initiatives from conception to outcome delivery, like

designing an application, managing a product or service and event management.

Project scheduling and planning are crucial for managing projects. These steps define the

budget, timelines and objectives needed to keep everyone on the same page while focusing on

goals.

Apart from individual task completion and tracking, project management also includes
managing

resources and providing the team with the necessary tools and equipment to accomplish tasks

within deadlines.

The practice has advanced in the modern-day scenario. According to a recent survey, 52% of

projects have a scoping document, and 58% follow a defined methodology to improve success

rates.

Projects are:

A set of tasks with clear deliverables and competition deadlines.


Single work units for creating, reviewing or updating documents, processes and

outcomes.

Limited to a specific output for a predefined scope.

Known to improve efficiency, quality and customer satisfaction while managing costs.

You might also like