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:
“Now narrow minds can develop as well through persecution as through benevolence; they can assure themselves of their power by tyrannizing cruelly or beneficently over others; they go the way their nature guides them. Add to this the guidance of interest, and you will have the key to most social riddles.”
—Honoré De Balzac (1799–1850)
“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)