Project management is a management discipline that helps individuals and teams reach their goals in minimum time and effort by following a set of principles such as goal definition, decision making, planning and continuous management.
The best project management systems have clarity around leadership, accountability, resources and budget and ultimately include stakeholder management.
Program Management is project management applied to multiple projects, or to very large and complex projects.
Most of the principles are the same but the differences are more related to their scope, complexity and budget.
Risk management is the process of anticipating unwelcome events and mitigating their effects as much as possible. It includes anticipating and assessing risks, planning around them, monitoring them, and responding to them when appropriate.
Program Management is the capability that allows companies to deliver streams of successful new products and services, by skillfully managing the synergies and dependencies between individual projects and products.
The Escalation Process clarifies the boundaries and channels of decision-making throughout an organization in order so solve the problem quickly and with clarity.
How can you avoid risks in your innovative new projects? By anticipating them. The Risk Management Matrix is an elegant way to anticipate, manage, and mitigate product development risks.
Clear tasks with clear responsibilities and deadlines is Project Management 101. But how many projects have you managed where it was unclear who was responsible for a deliverable until it turned into a mess?
Since research has shown that new market entrants enjoy clear advantages in terms of market share, revenue and sales growth, time to market is one of the essential product development KPIs or metrics.
Innovation means doing something that has never been done before. And that’s fraught with risk. In new product development, innovation may entail technical risk, market risk, risk relating to outside partners, or even political events far beyond your control. No new product development program can avoid risk.
TCGEn offers Program Management Consulting services