Chapter 3The Core of Program Management—Benefits Management
3.1 Program Management—The Context of Benefits Management
Portfolios are executed through the implementation of programs, as well as individual projects linked to the portfolio. In this chapter, we focus on how to plan and implement programs.
Programs consist of a collection of interdependent projects to produce outcomes and realize the required benefits. Outcomes and benefits result from changes in business operations.
In complex programs, there could be a considerable time lag between the transition of project outputs and the realization of benefits. This is especially applicable for industries with “low velocity,” such as infrastructure creation (e.g., commissioning a power ...
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