There is confusion between the term project management and program management. Although, the words seem similar there are some differences.
Project management is the act of creating plans and managing resources in order to accomplish a project. A project is a scheduled undertaking for the purpose of creating a product or service. Program management, on the other hand, is the act of creating and managing multiple projects, most of the projects are usually related to one another.
Project management is usually short-lived with specific time constraints while program management is an ongoing process in order to achieve the goals and objectives.
The job of a project manager usually involves working on finite projects or objectives. The program manager works more often with strategy.
A project management team works to identify the triple constraint of time, scope and cost of a project. Then, they plan and report on the delivery of the project. While the project is being accomplished the triple constraint is reviewed. At it’s close, the project management team will review and report on the accomplishment of the project.
A program management team works to identify the mission, projects to be accomplished, and it’s close. The team provides support for the requirements of the projects. They monitor the program plan and keep track of information within the specific projects. After the completion of the project, it is reviewed and documented.