Business Programs
Overview
A program is an initiative taken by a firm as part of its business strategy. Typically, a program does not have a single
tangible deliverable, as a project might have. Rather, it is viewed as being more strategy aligned, and composing
several projects aimed at achieving the program goals.
The benefit to grouping projects in this way is twofold
- Grouping projects together may provide coordination in the way they are managed
- The benefits of a single project may not be as apparent without considering other
projects executed together with the project.
Alignment to Strategy
The key purpose of any program is to help execute the company's
strategy. This typically means that a program, when created,
should explicitly dcoument which elements of strategy it is designed to further.
In addition, firms should design a audit and monitoring process for each program, in order to guarantee that it is
meeting its goals.
Topics
