December 7, 2022

Program Management Versus Project Management

Program Management Versus Project Management

We will tackle the information between program management versus project management. Also, let us learn the connection between these two terms and their importance of it.

What Is Program Management Versus Project Management?

Program management is the set of processes and activities to manage a group of related projects. It is a strategic process of identifying and managing entire projects or programs. 

It is an approach to managing multiple projects and involves big programs versus projects It is the main workhorse of project management and involves the application of four basic processes:

1. Plan:

It is to create the project plan, using high-level planning techniques. The plan provides an overview of the schedule, cost, quality, resource requirements, and risk issues. 

The plan also includes a statement of project objectives and various other important details.

2. Execute:

It is to carry out the activities; it includes monitoring, controlling, and reporting. All project activities are measured against the defined work breakdown structure (WBS) for cost and schedule control.

3. Monitor:

It is to evaluate the performance of project activities through earned value management (EVM) or variance analysis (VAR). This will result in taking action to fix problems and improve performance. 

There are three ways to monitor: actual versus planned (monitoring). Also, actual versus budgeted (budget monitoring), and actual versus expected (evaluation). 

So this can be done through various tools such as Gantt charts, burn charts, scatter charts, critical path analysis charts, etc.

4. Control:

So this is to maintain close control over each project activity by monitoring schedules, costs, work in-process inventory, etc. It can be done through various tools such as Gantt charts, burn charts, scatter charts, critical path analysis charts, etc.

What Is The Purpose Of Project Management?

It is the main goal of project management to provide direction focus on a project and implement the project plan. It is typically used to manage a set of related projects which are coordinated with each other.

The primary objective of project management is to create a set of deliverable products or services. It also includes identifying and managing risks, issues, and changes.

What Is The Difference Between Program Management And Project Management?

Let us know what are the differences between program management and project management. So program management is a strategic process of managing multiple projects and involves big programs. 

It is the main workhorse of project management and involves the application of four basic processes: 

  • Plan
  • Execute
  • Monitor
  • Control

Whereas, project management is a systematic approach to planning, organizing, leading, and controlling resources to achieve specific goals and meet given objectives.

How Important Are These Two Terms In The Company?

These two terms are very important in an organization. The project manager is responsible for the development of plans, assigning resources, and ensuring that the project is completed within budget and on time. 

He or she oversees the project from its inception to its completion. The program manager is also responsible for the development of plans, assigning resources.

Also, ensuring that the program is completed within budget and on time. He or she oversees a group of related projects aligned with the business strategy. 

So these two terms are integrally important in any organization.

Click to rate this post!
[Total: 0 Average: 0]