What is Program Management?

Program Management...
For some it's a wholly new discipline: for others, it's a natural growth from Project Management - maybe even 'grown-up' project management.

So, what is Program Management?
In this video, I'll answer that question.

But we need to see it for what it is, itself. And that starts by understanding what a Program is.

A Program...
(UK Spelling: Programme)
The temporary organization that oversees a variety of related projects, operational activities, and initiatives.

Projects within a program are related by dependencies among one or more of:
• Common resource pool
• Inter-related goals, objectives, and outcomes
• Scheduling or budgetary constraints

The program brings them all together in a coordinated manner – and typically lasts longer than the span of the longest project, as components are scheduled and sequenced to overlap, but not to all run concurrently.

The outcomes of a program are usually of strategic importance to the enterprise.

Program Management
(UK Spelling: Programme Management)
Coordination, leadership, and implementation of a program of inter-related projects and activities. The goal of program management is to realize the benefits forecast for the program.

Program Management Pyramid
Mission and vision
• give purpose and aspiration
Strategy
• moves the organization towards its mission and vision
• gives direction
Portfolio
• translates strategy into initiatives
• gives structure and priorities
• does so by alignment and prioritization of initiatives & projects
• builds value for the organization
Programs
• delivers a chunk of a portfolio
• gives benefits to the organization
Projects / Initiatives
• build into program
• deliver outcomes

Key Concerns of Program Management
1. Management
2. Leadership
3. Benefits
4. Approach
5. Risk-reward balance
6. Resources
7. Capabilities
8. Communications

Other Videos you might like:
- What is Project Portfolio Management? https://youtu.be/j8obKof2MDM
- What is a PMO? https://youtu.be/cdAfZijI_Hc
For more great Project Management videos, please subscribe to this channel: https://www.youtube.com/channel/UCMZfp1_wquyegVY9SoER0Nw?sub_confirmation=1

For all our great Project Management articles and resources, please check out the OnlinePMCourses website: https://onlinepmcourses.com/

For basic Management Courses - free training hosted on YouTube, with 2 new management lessons a week, check out our sister channel, Management Courses: http://youtube.com/c/managementcourses

For more of our Project Management videos in themed collections, join our Free Academy of Project Management: https://onlinepmcourses.com/free-academy-of-project-management/

#ProgramManagement #Program

Видео What is Program Management? канала Online PM Courses - Mike Clayton