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By Ginger Levin; J LeRoy Ward

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A © 2013 Taylor & Francis Group, LLC S T R A T E G I C P r o gra m M A N A G E M E N T S T R A T E G I C P r o gra m M A N A G E M E N T A Answer Answer Through a common goal; typically of strategic importance to the sponsoring organization. 20 © 2013 Taylor & Francis Group, LLC S T R A T E G I C P r o gra m M A N A G E M E N T Provide Five Examples of Items That Flow from the Portfolio to the Program. S T R A T E G I C P r o gra m M A N A G E M E N T 19 Question Question List Two Examples of Items That Flow from the Program to the Portfolio.

S T R A T E G I C P r o gra m M A N A G E M E N T 37 Question Question List Five Sections That Typically Are in the Strategic Plan. A © 2013 Taylor & Francis Group, LLC S T R A T E G I C P r o gra m M A N A G E M E N T To define how to achieve vision. S T R A T E G I C P r o gra m M A N A G E M E N T A Answer Answer •• Market dynamics •• Customer and partner requests •• Shareholders •• Government regulations •• Competitor plans and actions 40 © 2013 Taylor & Francis Group, LLC S T R A T E G I C P r o gra m M A N A G E M E N T Why Is Portfolio Management Linked to Organizational Strategy?

Relatedness – in a program the work included is interdependent so the intended outcome depends on the delivery of all elements in the program’s scope; in a portfolio the work is related according to the owner’s choice A Time – Programs include time as an element of the work; portfolios are not expected to end at a certain date © 2013 Taylor & Francis Group, LLC S T R A T E G I C P r o gra m M A N A G E M E N T S T R A T E G I C P r o gra m M A N A G E M E N T A Answer Answer •• To ensure they are performing as expected •• To ensure they are aligned with the organization’s strategy and objectives 32 © 2013 Taylor & Francis Group, LLC S T R A T E G I C P r o gra m M A N A G E M E N T What Is a Key Difference between Program and Project Management?

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