Difference between Program Management and Project Management
For those who are not aware of the difference between Program Management and Project Management, Program Management focuses on prioritizing, budgeting initiatives, managing interdependencies between projects as well as monitoring resource capacity and availability, while Project Management embraces the delivery of a product or service, and manages cost, schedule, and scope.
IT projects have a high rate of failure!
Based on statistics released by the Project Management Institute, more than 60% of IT projects were unsuccessful.
According to Forbes, these are the main reasons big enterprise technology projects fail:
Companies do not have the required skills
Executives fail to support big technology projects
Most corporate cultures tend to be anti-technology
A repetitive characteristic of failed IT projects is that they have missed the expected value to the sponsoring business or organization. However, the approach of Program Management compensates the tension between traditional Project Management principles and the essence of IT projects as organizations who use disruptive technology have proven that they have a greater efficiency, increase in productivity, and promote the development of better products and services compared to laggards.
Identifying initiatives is also an essential part of Program Management that is often underestimated or not even considered. The book ‘The Strategy Implementation Gap’ by James Bawtree and Michael Young explains this misalignment of the planned goal and the organization’s practices or achievements.
Send an email to firstname.lastname@example.org if you would like to learn more about the level of strategic risk you are carrying and how to de-risking your critical projects and programs through an adaptive implementation system.