The simple difference between Project Management & Program Management is the resources they manage. Project Managers manage individual project contributors and Program Managers manage Project Managers. Both Program Managers and Portfolio Managers directly oversee the work of Project Managers. The simple difference between Program Management and Portfolio Management is the relationship between the projects in their Program and Portfolio respectively. Program Managers over see Project Managers working on interdependent or related Projects while Portfolio Managers oversee both Project Managers and Program Managers working on disparate or unrelated projects.
Though methodologies, measurable success and quality assurance are common concepts in the world of Project Management, there is a disconnect between the tools a Project Managers uses to successfully complete projects and the tools that Program & Portfolio Managers use to manage their Programs and Portfolios respectively. Project Managers spend years acquiring the necessary training and developing the necessary disciplines that set them apart from a typical line or operations manager. The fundamental difference is a Project Manager learns to develop and employ a project plan that can be used to forecast the impact of progress, lack of progress or issues to the end date and cost, in an effort to develop appropriate responses to issues and mitigate their impact to the greatest extent possible.
The disconnect happens when Project Managers promote to Program & Portfolio Managers they go back to simply utilizing the shared disciplines of a line manager. Portfolio plans become game plans, decisions are made based on trust and opinion rather than data, and status and health become subjective based on their audience.
Our approach to identifying Risk gives project leaders the ability to target the individual Project Managers development in a fashion that mitigates immediate project Risk and completely eliminates future occurrence. GreenStar Technology's quality assured standard ensures project executives have accurate portfolio data that can be used to determine the "Highest-Need" projects, and make data driven decisions on how they prioritize their portfolio and invest their time in order to affect the outcome.
Project Management
Most projects fail or do not start due to shortage of dedicated internal project resources and skills. Furthermore competing projects may take the scarce resources available. Our focus is to help you plan for and deliver projects on schedule and on budget.
Methodology
GreenStar Technology follows a well-defined project methodology and structure that has been succesfully used in many implementation projects worldwide. The methodology is closely aligned with the Project Management Institute (PMI) project management framework to ensure best practice, and is tailored to meet customer needs and unique business requirements.
Fundamental to the GreenStar Technology's methodology are the five stages of successful project management processes: Initiation, Planning, Execution + Monitoring and Control and Project Closure.
Phase 1: Project Initiation
- Develop a Business Case
- Undertake a Feasibility Study
- Establish the Project Charter
- Establish the Project Team
- Set up the Project Office
- Perform Phase Review
Phase 2: Project Planning
- Project Plan
- Resource Plan
- Financial Plan
- Quality Plan
- Risk Plan
- Acceptance Plan
- Communications Plan
- Procurement Plan
- Define the Tender Process
- Issue a Statement of Work
- Issue a Request for Information
- Issue a Request for Proposal
- Create Supplier Contract
- Perform Phase Review
Phase 3: Project Execution + Project Monitoring & Control
- Build Deliverables
- Monitor and Control
- Perform Time Management
- Perform Cost Management
- Perform Quality Management
- Perform Change Management
- Perform Risk Management
- Perform Issue Management
- Perform Procurement Management
- Perform Acceptance Management
- Perform Communications Management
Phase 4: Project Closure
- Perform Project Closure
- Review Project Completion
Benefits
We guarantee that we will pass our skills to your staff members involved in any of your projects that we implement.
We guarantee quality implementation and most importantly, an implementation that will be on schedule and on budget.
