What is a Program in Project Management?
A program is a collection of projects that are managed as a group in order to achieve efficiencies of scale. Just as project management involves the coordination of individual tasks, program management is the coordination of related projects that are grouped together. Projects are bundled together into a program when the benefits of managing the collection outweigh managing projects as individual units. A related concept here is project portfolio management, a method for organizations to manage and evaluate a large number of projects by grouping them into strategic portfolios. Portfolios are then analyzed for overall effectiveness, how their estimates compare with actual costs, and whether they align with the larger, strategic objectives of the organization. So what is a program in project management? Simply put, it is a group of related projects managed as a whole unit.