A Guide to Project Management

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Unformatted text preview: ACROYMNS LIST ACRONYMS LIST 9 ACROYMNS LIST Chapter 1--Introduction 1.5 | 2.1.1 1.5 RELATED ENDEAVORS Certain types of endeavors are closely related to projects. There is often a hierarchy of strategic plan, program, project, and subproject, in which a program consisting of several associated projects will contribute to the achievement of a strategic plan. These related undertakings are described below. Programs. A program is a group of projects managed in a coordinated way to obtain benefits not available from managing them individually (2). Many programs also include elements of ongoing operations. For example: The "XYZ airplane program" includes both the project or projects to design and develop the aircraft, as well as the ongoing manufacturing and support of that craft in the field. Many electronics firms have program managers who are responsible for both individual product releases (projects) and the coordination of multiple releases over time (an ongoing operation). Programs may also involve a series of repetitive or cyclical undertakings; for example: Utilities often speak of an annual "construction program," a regular, ongoing operation that involves many projects. Many nonprofit organizations have a "fundraising program," an ongoing effort to obtain financial support that often involves a series of discrete projects, such as a membership drive or an auction. Publishing a newspaper or magazine is also a program--the periodical itself is an ongoing effort, but each individual issue is a project. In some application areas, program management and project management are treated as synonyms; in others, project management is a subset of program management. This diversity of meaning makes it imperative that any discussion of program management versus project management be preceded by agreement on a clear and consistent definition of each term. Subprojects. Projects are frequently divided into more manageable components or subprojects. Subprojects are often contracted to an external enterprise or to another functional unit in the performing organization. Examples include: Subprojects based on the project process, such as a single phase. Subprojects according to human resource skill requirements, such as the installation of plumbing or electrical fixtures on a construction project. Subprojects involving technology, such as automated testing of computer programs on a software development project. Subprojects are typically referred to as projects and managed as such. Project Portfolio Management. Project portfolio management refers to the selection and support of projects or program investments. These investments in projects and programs are guided by the organization's strategic plan and available resources. ment ment geE L geE PL P 10 NAVIGATION LINKS ACROYMNS LIST ACRONYMS LIST ACROYMNS LIST A Guide to the Project Management Body of Knowledge (PMBOK Guide) 2000 Edition 2000 Project Management Institute, Four Campus Boule...
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