Program management

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Program Management

Program Management (pronunciation: /ˈprəʊɡræm ˈmænɪdʒmənt/) is a discipline that involves managing several related projects, often with the intention of improving an organization's performance.

Etymology

The term "Program Management" is derived from the combination of "program," which comes from the Greek word "programma" meaning "a written public notice," and "management," which originates from the Italian word "maneggiare" meaning "to handle."

Definition

Program Management is the coordinated management of multiple, related projects directed toward strategic business and organizational objectives. The benefits of program management include improved project management efficiency, effective decision-making processes, and the ability to resolve issues and risks.

Related Terms

  • Project Management: The practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time.
  • Portfolio Management: The centralized management of one or more portfolios, which includes identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work, to achieve specific strategic business objectives.
  • Risk Management: The identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.
  • Change Management: The systematic approach to dealing with the transition or transformation of an organization's goals, processes or technologies.
  • Stakeholder Management: The systematic identification, analysis, planning and implementation of actions designed to engage with stakeholders.

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