Project & Program Management for Scheduling and Controlling

Question: Discuss about theProject Program Management for Scheduling and Controlling. Answer: Portfolio Entry 1 The case study suggests two definitions of project management as well as program management. The manager of Megatronic defined project management as cost reduction and sustaining effort used for the conversion of products. On the other hand, program management helps in launching new products in the market. The difference between the two concepts is provided vividly that make the concept clear for understanding. In this regard, it can be said that the fact about a program being a part of several projects can be used to define the term in a proper manner. The company does not allow projects to align with the strategies made in the business. This can be an area of improvement as managing a project needs to be done based on proper strategic decisions. The fact that a program manager needs to communicate properly with every member has been defined nicely in the case study. Portfolio Entry 2 The case study provides details about the problems faced by James, a program manager in Mega Security. The problem faced by James is that of selecting the right fire extinguishing system for the new building. Kerzner (2013) stated that in order to make critical decisions it is necessary that a manager enlist the opinions of all employees in an organisation. However, in this case, James received no such assistance in terms of coming to a proper conclusion. From a program perspective, effective leadership could have managed this issue. James needed to influence the people and consider all the options keeping in mind the objective of the company. The financial stability, urgency and the loyalty of the suppliers are an important aspect that needed to be considered before making a decision. Given the quotations sent by the suppliers, the company Fire Extinguisher seems to be the best option for Mega Security. Portfolio Entry 3 The program strike concept is important in order to maintain a record of the progress made towards achieving critical success factors (Burke, 2013). The important aspects of a company need to be measured in order to allow a team to function properly around it. The management needs to approve the threshold of the team before it can be empowered to other team members in the company. However, there are challenges that need to be addressed before implementing the program strike zone. One of the challenges that program strike zone pose is the fact that at every step, decisions of the managers, as well as the program team, needs to be considered. This can slow the progress of a project, as the opinions of the program team and the managers may not be available promptly. Hence, application of this concept requires the managers to remain active and prepared for making quick decisions. Portfolio Entry 4 The statement mentioned provides a difference between the concept of project management and program management. It has been stated that program management is an updated version than the project manager. This is mainly because under program management individuals can develop the scope that can help in building a strong future. The program manager is said to take up responsibilities that are attributed to the launch of a product. This can help in enhancing the skill set of the individuals. Shtub et al., (2014) stated that project management does not provide a scope of improvement. The fact that program management is a part of project management justifies the extent to which program management can be utilised effectively in an organisational scenario. Individual projects do not provide opportunities to explore the elements that are required for improving the skill set of an individual. Bibliography Biggin, A. B., Collins, L. K., Farrell, M., Gallant, T. G., Hann, C. 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