Projects are purposely defined as a temporary endeavour undertaken to create a unique service or result. The outcomes of a project largely depend on the project resources experiences and ability to manage the project to meet deadlines. Tailoring projects to the specific requirements and opportunities of the business inherits a collaborative approach.
At the heart of many business endeavours are project and program management frameworks that define an iterative process to drive organizational change.
Project management still involves strategy and planning, since a project manager must determine how to meet the goals laid out at the beginning of the project.
A successful project is delivered “on time and budget,” whereas a program should be focused on the overall benefits being created, taking more time, or spending more money to deliver increased benefits to achieve a good outcome. With programs, “value” is the driver rather than the budget.