The following diagram depicts the parent-child relationship of how projects roll-up into the larger programs. Each level provides an overview of the framework, its work products (as a function of PDP3.0) and their inter-relationships among each other.
- Program Management – the continuous process of selecting and managing the optimum set of project-oriented initiatives that deliver maximum value
- dynamic decision-making process
- enables leadership to reach consensus on the best use of resources to focus on projects that are achievable and strategically aligned with goals and objective
- generally have a multiplicity of requirements, deliverables, stakeholders, departments, and interfacing organizations interacting with the work
- Project Management – the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters
- project management has final deliverables that are constrained to a narrowly defined scope, finite timescale and budget << triple constraints = time + scope + cost >>
- a key factor that distinguishes project management from just 'management' is that it has this final deliverable and a finite timespan, unlike management which is an ongoing process
- an improperly scoped project often leads to unforeseen/unplanned tasks and schedule delays