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Program Management Competency

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Program Management competency:
Program Management has emerged as a distinct discipline in the late 20th Century. It’s progressively developed for management of strategic objectives or the management of multiple interrelated endeavors to produce strategic benefits since the scope of project management application is extensively limited to complex projects. It is now largely recognized that programs are a significant undertaking consisting of multiple actions spanning multiple business areas and they are generally complex. Program management deals in both high ambiguity and uncertainty and requires a high degree of organizational maturity.
The Project Management Institute (PMI) defines program as “A group of related projects, subprograms, and …show more content…

In many organizations today, a misalignment exists between their strategic objectives and the corresponding ability to effectively identify and execute programs to achieve the objectives. But, the program management philosophy begins with the establishment of the organization’s business goals and strategies and the program management binds strategic objectives to actionable program and project plans that when properly executed, will achieve the desired business outcomes.
2. While the role of the project management discipline is to ensure the operational success of each project within a program with respect to time, cost, and quality, but the important role of program management is to ensure the overall return on investment is achieved. In doing so, program management ensures that the financial estimates and return on investment targets contained within the program business case, justifying the program is properly characterized through a comprehensive financial …show more content…

The framework helps in implementing the business strategies and initiatives through the integrated management of a portfolio of related projects, realizing benefits that are of strategic importance. The high level program management framework is shown in Fig-3 below: Fig-3: A high level Program Management framework
Program contract can start from the core understanding of organizational strategic business objectives with proper due diligence. A high level Program Management framework phases involves the below D4 phases (define, design, deliver, deploy):
Define: The program strategy / approach are decided, and the program charter is approved.
Design: The program management plan gets base lined and approved by Governance Board
Deploy: The desired benefits are realized in agreement with the governance board and customer
Deliver: The program closure with formal transition to manage support services and sustain

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