Program Management and Project
Management are interchangeably used by organizations to refer to various
initiatives that they run. They may sound similar but there are quite a bit of
distinct differences between the two. The differences must be well understood
to ensure proper implementation and benefit realization to the optimum.
In this article
we will go over what exactly does program and project
management entail, what are the differences, how similar they are,
their specific benefits and the key roles in terms of Program Manager and
Project Manager
Understanding the Two
We all know that PMI has very clearly articulated that:
Projects
are “endeavours, temporary in nature, have a defined start, middle & end
and have a defined objective to be met which is often a product or a service.”
And, Project
Management is “the application of
knowledge, skills, tools, and techniques to project activities to meet the
project requirements.”
Projects are
usually short term and quick measures that are deployed to achieve quick
results. Their goals are always very tangible and once achieved the project
team is dismantled and released for deployment to other projects. Each project
is unique in its team composition, time-frame and expected outputs.
This also tells
us that projects are very tactical in nature and address an immediate or
impending business need.
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