23Program and Portfolio Management
23.1 Definitions
23.1.1 Definition of Program Management
Program management is a discipline that involves coordinating and managing a group of related projects to achieve strategic objectives and benefits that are not possible to achieve through individual projects alone. The Project Management Institute (PMI) defines a program as “A program comprises related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits not available from managing them individually” (PMI 2024).
Similarly, PRINCE2 defines a program as “the coordinated organization, direction, and implementation of a dossier of projects and transformation activities to achieve outcomes and realize benefits of strategic importance to the business” (AXELOS 2024).
To differentiate a project from a program, consider the following example:
- Project: Developing a new software application is a project. It has a specific scope, timeline, and budget, and its primary goal is to deliver the software
- Program: Implementing a digital transformation strategy across an organization is a program. It involves multiple projects, such as developing new software applications, training staff, and upgrading IT infrastructure. The program aims to achieve broader strategic benefits like increased efficiency and competitiveness
According to PMI (2024) and ...
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