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 hypothesis I wish to advance is that ... the language of morality is in ... grave disorder.... What we possess, if this is true, are the fragments of a conceptual scheme, parts of which now lack those contexts from which their significance derived. We possess indeed simulacra of morality, we continue to use many of the key expressions. But we have—very largely if not entirely—lost our comprehension, both theoretical and practical, of morality.”
—Alasdair Chalmers MacIntyre (b. 1929)
“The goal of every culture is to decay through over-civilization; the factors of decadence,—luxury, scepticism, weariness and superstition,—are constant. The civilization of one epoch becomes the manure of the next.”
—Cyril Connolly (1903–1974)