Key Factors
- Governance
- The structure, process, and procedure to control operations and changes to performance objectives. Governance must include a set of metrics to indicate the health and progress of the program in the most vital areas.
- Alignment
- The program must support a higher level vision, goals and objectives.
- Assurance
- Verify and validate the program, ensuring adherence to standards and alignment with the vision.
- Management
- Ensure there are regular reviews, there is accountability, and that management of projects, stakeholders and suppliers is in place.
- Integration
- Ensure that component parts fit together properly to make the intended whole. Optimize performance across the program value chain, functionally and technically.
- Finances
- Track basic costs together with wider costs of administering the program.
- Infrastructure
- Allocation of resources influences the cost and success of the program. Infrastructure might cover offices, version control, and IT.
- Planning
- Develop the plan bringing together the information on projects, resources, timescales, monitoring and control.
- Improvement
- Continuously assess performance; research and develop new capabilities; and systemically apply learning and knowledge to the program.
Read more about this topic: Program Management
Famous quotes containing the words key and/or factors:
“The word “forbearance” is the key to a happy home.”
—Chinese proverb.
“I always knew I wanted to be somebody. I think that’s where it begins. People decide, “I want to be somebody. I want to make a contribution. I want to leave my mark here.” Then different factors contribute to how you will do that.”
—Faith Ringgold (b. 1934)