Program Management Portfolio Assignment

Running head: PROGRAM MANAGEMENT PORTFOLIO
Program Management Portfolio Assignment
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PROGRAM MANAGEMENT PORTFOLIO1
Table of Contents
Portfolio Entry 1 – Project vs. Program...........................................................................................2
Definition of Project Management..............................................................................................2
Differences between project and program management.............................................................3
Differences between program and project manager....................................................................4
Portfolio Entry 2 – Program Initiation.............................................................................................4
Management of project initiated in Mega Security.....................................................................5
Portfolio Entry 3 – Program Stakeholder Engagement...................................................................6
The Stakeholder matrix................................................................................................................7
The Program Stakeholder identification......................................................................................7
The Stakeholder engagement planning........................................................................................7
The Stakeholder engagement.......................................................................................................8
Portfolio Entry 4 – Program Governance........................................................................................8
Advantages of the program strike zone concept..........................................................................9
Disadvantages of the program strike zone concept.....................................................................9
Benefit of the Program Strike Zone Concept..............................................................................9
Portfolio Entry 5 – Program Theory................................................................................................9
References......................................................................................................................................13

PROGRAM MANAGEMENT PORTFOLIO2

PROGRAM MANAGEMENT PORTFOLIO3
Portfolio Entry 1 – Project vs. Program
Definition of Project Management
Program management is defined by Martinsuo (2013), as a style of associated tasks
assembled to be matched, dealt with in ways and administered to bring benefits separately.
Projects can constitute component of related capacity from the scope of the particular
assignments in only a program. The Project management could be the discipline of applying
recognized concepts, techniques and guidelines to take care of a task from conception through
completion. It is usually abbreviated as PM. Project administration oversees the preparing,
planning and implementing of a project. An activity is surely an undertaking with particular
begin and end parameters made to produce a defined outcome, just like a new computer system.
An activity is different from continuing processes, just like a governance program or
an advantage management program.
As stated by Mike Fritz, the program management director is relied upon to make a
common language that can be utilized through the whole association. He is a business pioneer,
which means that he is responsible for everyday business activities inside the association. The
program management director will probably know how to exactly speak with persons about them
in order to guarantee the agencies seeks its objectives. In Megatronic Organization, a program
manager will probably strategy and execute any products or company progress and guarantee so
it matches the boundaries requirements (Milosevic, Patanakul & Srivannaboon, 2010). This
clearly proposes or clarifies the roles and obligations required for a program director inside an
association. The approach that has been set out by Megatronic Organization is only a decent