Benefits of Managing Projects Through A Program

Benefits of Managing Projects Through A Program
Many companies, enterprises, and governments take advantage of combining projects to achieve organizational benefits through a program. (See Program Management Certification classes.)

Individual projects combined under a program for common strategies, goals, and objectives are integrated to obtain management oversight, guidance and control, consequently providing maximized envisioned benefits for the organization. The following efficiencies arise in an organization when the individual projects are organized under a program for envisioned benefits for the organization:

• The outputs and outcomes of projects contribute to the organization’s envisioned benefits and hence; the organization's strategies, goals and objectives remain intact.
• Monitoring realizable benefits of individual projects creates efficiency and meaning, as and those projects remain aligned to the organization's goals.
• Effective communications pass across the organization by the program’s merging performance reports from the individual projects that provide information regarding all-inclusive envisioned benefits.
• The project administrative activities (for example, financing, resourcing, and procurement) are coordinated, generating synergy in effort, resources, and work.
• The stakeholders get an integrated perspective on all activities being pursued, when projects are managed together.
• Collectively resolving scope, cost, schedule, resource, quality, and risk issues are performed, within a shared governance structure.
• The project activities, processes, and interfaces effectively address cultural, socioeconomic, political, and environmental differences when they are managed in a coordinated. In an organization programs are sanctioned to deliver envisioned benefits through projects and or subsidiary programs. The projects and subsidiary programs under a program are known as components. The components of a program are related through common strategic goals and objectives in order to deliver benefits to an organization. The formation of programs in an organization is determined to achieve organizational benefits that would be more effectively realized by managing ongoing projects as a single program. Program Management is the application of knowledge, skills, and principles to a program to achieve the program objectives and to attain benefits not available by managing program components individually. A program manager is authorized by the organization to lead the team(s) responsible for achieving program goals and objectives. A program focuses on delivering benefits aligned with the organization's strategic plan through the coordinated management of the components work.

Therefore, to attain envisioned benefits, individual projects, in most cases, are managed under a program. SmartPath LLC provides “Program Management” training in East and West coasts in the US.

SmartPath LLC is a Global PMI Registered Education Provider*, (R.E.P) # 3441.