The video provides ideas on program management. It features Sergio Pellegrinelli, one of the directors of Lucidus Consulting. He discusses the nature of programs and program management and the contrast between them. To help the audience understand the features and the differences between projects and programs, he uses the method of comparison. He insists that the work on program management is derived from project management and is an extension from it. First, Pellegrinelli points out some of the characteristics of project management to present the corresponding features of program management on their basis. Next, he talks about the reasons why program management has become a popular strategy in recent years. Finally, Pellegrinelli presents a model of administration in which both types of management can coexist.
Project management as a management discipline and a codifying practice initiated in the middle of 1940s within defense and aerospace programs. It has largely developed since that time and started to be increasingly used in construction, information technology, and other sectors. In the last 15-20 years, project management has provided a structured control process of implementing change. It has made the system attractive to the public, especially in the cases of time pressure and constrained resources. The system is used to cope with different contexts and demands. As an example, project management can be used for delivering important policy changes.
Sergio Pellegrinelli points out that projects are beneficial but can only be implemented within the environment that is relatively stable and predictable, and possible to control. On the contrary, in the case of unpredictable situations or circumstances, the lack of certainty, there is a need for another method of managing. The changes are not done outside organizations but within them and affect many areas, which means that the approach of managing them should provide an outside view on existing business. For this reason, many people have turned from projects to programs. Programs have been introduced as an alternative way of implementing the change. This type of management provides a certain degree of control while leaving space for flexibility. It breaks big projects into smaller elements that can be controlled. According to Sergio Pellegrinelli, program management should be complemented by project management, because project management principles are always used in a strict way providing stability.
What I Have Learned
The video has given me an insight on program management, its central ideas and principles. From this clip, I have learned what projects and programs are used for. Projects are designed to deliver some output. A program can be defined as a set of projects. The second thing I have learned is that the two management systems share common features. For example, both concern a business case, are associated with risks and demand some level of collaboration and teamwork. Moreover, projects and programs need governance that is, however, implemented differently in these cases. Another valuable insight for me was the comparison between the project management and program management. It helped me understand the nature of the systems better. Even though the video presents only an introduction to the topic, Pellegrinelli clearly states some of the features of both management types. It has become clear to me that projects represent defined objectives and programs include visions, possible goals and strategies. Projects are temporary, while programs are designed for a more extended period of time. Projects are specific and unique, and programs are usually not. Projects typically have a plan with milestones; programs represent a roadmap and hypothesis. The most important feature of project and program management is probably that the first has highly predictable results, while the latter works better in case of complexities. Another thing I have learned is the productive way of implementing program and project management. Different business cases and strategies require different approaches. Pellegrinelli explains which circumstances demand a particular system, and which are more suitable for another one. For example, if a company needs a strategy that will work temporarily, and has limited financial support, it is better to implement a project management system. On the contrary, if a company is open to a broader perspective and change, as well as if there is a degree of uncertainty, the best option is program management. Lastly, I have realized that the best way to implement these systems is to use them together to solve different problems and needs. Not everything in business can be structured and predicted, as well as in some cases uncertainty should be avoided at all costs. Incorporation of both methods of management can help eliminate the relative downsides of each of them and use the advantages to create functional business strategies. Some of the processes require stability while others need constant development and transformation. That is why using both project and program management is important for excellent performance of a company. Overall, the video provides useful information on the two types of administration and gives insights on how to use them for succeeding in business.