Three distinguishing factors between program and project

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P3M with Kailash Upadhyay

Kailash Upadhyay

35 episodes

1 week ago

Welcome to P3M, the ultimate podcast show that takes you on an exciting journey into the world of project, program, and portfolio management. In this show, we explore the fundamental principles, best practices, and success stories that make P3M a critical discipline in today's dynamic business environment. Whether you're an aspiring project/Program/Portfolio manager, a seasoned professional, or simply curious about the field, P3M is here to inform, inspire, and elevate your understanding of this fascinating domain. My LinkedIn profile to connect https://www.linkedin.com/in/kailashupadhyay/

Management

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Management

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Three distinguishing factors between program and project

P3M with Kailash Upadhyay

23 minutes 22 seconds

8 months ago

Three distinguishing factors between program and project

In this podcast episode, Kailash Upadhyay explores the distinctions between projects and programs, emphasizing the importance of understanding tactical and strategic changes. He discusses how projects drive tactical changes while programs focus on strategic changes that maximize benefits for customers. The conversation also delves into the concepts of uncertainty and complexity in project and program management, highlighting the increased risks and challenges faced at the program level. Through examples and insights, Kailash provides a comprehensive understanding of these critical management concepts.📌 Key Takeaways from the session:🎯 Projects drive tactical change, while programs drive strategic change.🔄 Tactical change focuses on existing benefits, whereas strategic change aims to maximize new benefits.🔍 Understanding the difference between project and program is crucial for effective management.🌪️ Uncertainty is higher at the program level due to multiple components and interdependencies.🎯 Program scope is about why we deliver products, focusing on benefits realization.⚠️ Proactive risk identification is essential for successful program management.🧩 Complexity increases at the program level due to stakeholder involvement and changing product scope.🚀 A program manager's role is vital in delivering benefits aligned with organizational goals.💬 Customer feedback is crucial in determining the need for strategic changes.🌟 Effective program management requires a clear understanding of change dynamics.💡 What are your thoughts? Have you encountered challenges in distinguishing projects from programs? Drop your comments below! 👇🚀 Aspiring PMP, PgMP, PfMP, or PMI-RMP certified professional?At Addon Skills®, we provide expert-led training to help you achieve your certification goals. Visit www.addonskills.comor WhatsApp us at (+91) 797-556-1193 to take the next step in your professional growth.#ProgramManagement #PgMP #ProjectManagement #PMI #Leadership #P3M #AddonSkills #P3MwithKailashUpadhyay #addingskillstolead #PgMPtraining #PgMPCertification