In this article, we will discuss the key differences between project and program. We will discuss the differences and objectives, scope, generation, risk profile, stakeholder operational environment and the resources used between the two. Let’S start with projects an example of project could be printing 600 copies of a citrus pack. For the beginning of the term, projects are typically tangible, relatively easy to describe, define and have measurable objectives.
The scope of each project is limited and defined. It is less likely to be subject to material change during the life of the project. Projects are relatively short-term, typically completed in women months. Project risks are relatively easy to identify and manage a project. Failure would have relatively limited impact on the organization compared to a program risk. The number of stakeholders that will be involved in a project is relatively limited.
The environment in which project takes place is understood and relatively stable. Finally, the resources to deliver the project can be reasonably estimated in advance. An example of a library publishing project could be printing 600, copies of a subject course bag for the beginning of the term. We will now talk about programs. An example of a program could be hosting service for either student or community journals.
The outcome of a program are often intangible, resulting in non-monetary benefits such as introducing new capabilities. A program scope is not tightly defined or bound, it can change during the program’s lifecycle. Programs are relatively long-term can, last for years or even longer. The risk involved in programs are more complex and have a potentially bigger impact on your organization compared to a project program.
Failure results in material, financial, reputational or operational loss. There is a greater number of diverse stakeholders involved in a program with the potential of two agreements or competing goals and priorities. The program environment is dynamic and the objectives need to be managed in the context of this changing environment. Finally, the resources involved in a program are relatively unknown or difficult to gauge.
There is generally competition for the resources involved in projects in this article, we’ve discussed the key differences between a project and a program thanks for reading
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