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The Strategic Project Manager's Guide to Complex Projects
book

The Strategic Project Manager's Guide to Complex Projects

by Leon Herszon
April 2026
Intermediate
400 pages
9h 26m
English
Wiley
Content preview from The Strategic Project Manager's Guide to Complex Projects

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).

A schematic diagram compares a program and a portfolio, with the portfolio being higher on a low-to-high scale.

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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Publisher Resources

ISBN: 9781394335763