Risk Management in Programs and Projects

Risk management in both projects and programs is about handling risks that includes risk management planning, risk identification and analysis, risk response planning, and risk monitoring and control. It involves keeping track of all risks in a risk register and coming up with a program or project level approach and standards in handling risks and [...]

2018-02-03T22:01:59+00:00 PM Glossary|0 Comments

Risk Register (Program or Project)

A risk register at a project and program level identifies all risks, categorizes them, and includes an approach for their resolution. Both the project and program manager actively monitor the risk register to ensure that negative risks don't materialize to impact the success of the given project or program. Back to Program and Project Management [...]

2018-02-03T22:02:27+00:00 PM Glossary|0 Comments

Program Architecture (Program Management)

An architecture shows its various underlying components and how they interact to realize a fully operational system. Similarly, in the context of program management, program architecture depicts the various constituents of the program (e.g. projects and other sub components) and their interaction with each other in the delivery of program benefits. The interaction shows the [...]

2018-02-03T22:18:16+00:00 PM Glossary|0 Comments

Definition: Business Case

A business case in the context of project and program management provides the basic rationale and justification to the organization to charter the project or program under consideration. It is a formal document that officially authorizes the existence of the project and the program and highlights the overall solution or approach that the program will [...]

2018-02-03T22:19:45+00:00 PM Glossary|0 Comments

Definition: Project Prioritization

Project prioritization within the context of project management discipline is a Project and Portfolio Management (PPM) function that involves prioritizing projects in the portfolio based on certain criteria and then assigning weights to those projects based on those criteria. Those weightings are then eventually used to prioritize projects leading to project selection. Modern PPM tools [...]

2018-02-03T22:20:49+00:00 PM Glossary|0 Comments

Definition: Program Component

The term "Component" is used within the context of program management, especially in the context of PMI's standard for program management and refers to any work that is part of a large program. This work can include a project or any other work that is not formally organized as a project or sub-program. Back to [...]

2018-02-03T22:23:14+00:00 PM Glossary|0 Comments

Definition: Organizational Project Management (OPM)

Organizational Project Management (OPM) refers to the overall framework that encompasses the execution of projects and programs that may belong to a certain portfolio. As projects and programs are the vehicle that enables an organization to execute its strategy and initiatives, the OPM framework is also referred to as the strategy execution framework. Back to Project [...]

2018-02-03T22:27:47+00:00 PM Glossary|0 Comments

Project Management Certifications

A number of project management certifications are available from a number of organizations. The following lists some of the most common ones. Certified Associate in Project Management (CAPM) by PMI Project Management Professional (PMP) by PMI Program Management Professional (PgMP) by PMI PMI Agile Certified Practitioner (PMI-ACP) by PMI PMI Risk Management Professional (PMI-RMP) by [...]

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