Embarking on the journey to obtain the coveted Program Management Professional (PgMP) certification from PMI? Look no further, as this blog serves as your compass through the sea of terminology. If you're not acquainted with PgMP, it's the certification you can pursue after completing your PMP, signifying your mastery in program management. Let's dive into the essential definitions that will illuminate your path to becoming a proficient program manager.
Benefits and Benefits Management Plan:
Benefits refer to the gains realized by an organization and stakeholders as a result of program outcomes. The Benefits Management Plan outlines the process for creating, maximizing, and sustaining these benefits.
Benefits Analysis and Planning Phase:
This phase establishes the Benefits Management Plan, develops benefits metrics, and creates a framework for monitoring and controlling component and measurement benefits.
Benefits Delivery Phase:
In this phase, ensuring the program delivers expected benefits as outlined in the Benefits Management Plan takes precedence.
Benefits Identification Phase:
This phase involves analyzing organizational and business strategies, internal and external influences, and program drivers to identify and qualify benefits stakeholders anticipate.
Benefit Sustainment Phase:
Beyond the program's end, receiving organizations engage in ongoing maintenance activities to ensure the continued generation of improvements and outcomes delivered by the program.
Benefits Transition Phase:
This entails transitioning benefits to operational areas, ensuring sustained efficacy post-transfer.
Business Case:
A documented economic feasibility study that validates the benefits of a program.
Component:
A subsidiary program, project, or related activity supporting a program.
Constraint:
A factor that limits options for managing a project, program, portfolio, or process.
Enterprise Environmental Factors:
Conditions beyond immediate control that can influence, constrain, or direct projects, programs, or portfolios.
Performing Organization:
An enterprise directly involved in project or program execution.
Phase Gate:
A review at the phase's end, determining project or program continuation, modification, or termination.
Portfolio:
Projects, programs, subsidiary portfolios, and operations managed collectively to achieve strategic objectives.
Portfolio Management:
Centralized management of one or more portfolios to attain strategic goals.
Procurement Management Plan:
Describes how a team will acquire goods and services externally.
Program:
Coordinated projects, subsidiary programs, and activities striving for collective benefits.
Program Activities:
Tasks supporting a program throughout its lifecycle.
Program Benefit Management:
Processes defining, maximizing, and monitoring program benefits and intended outcomes.
Program Change Management:
Activities planning, monitoring, controlling, and administering changes within a program.
Program Charter:
Sponsor-issued document authorizing the program management team's resource utilization to execute the program aligned with strategic objectives.
Program Closure Phase:
Activities transitioning program benefits and formally closing the program in a controlled manner.
Program Communication Management:
Activities facilitating timely generation, collection, distribution, storage, retrieval, and disposal of program information.
Program Definition Phase:
Activities authorizing the program and creating the program roadmap for anticipated results.
Program Delivery Phase:
Activities generating intended component results per the program management plan.
Program Financial Framework:
A high-level initial plan for coordinating funding allocation and constraints.
Program Financial Management:
Activities identifying financial sources, integrating budgets, and controlling costs.
Program Governance:
The framework, functions, and processes ensuring program alignment with organizational goals.
Program Governance Framework:
Structural support for decision-making, oversight, and support practices.
Program Governance Plan:
Details methods to monitor, manage, and support a program, delineating specific roles' responsibilities.
Program Information Management:
Activities related to program information assets' preparation, collection, organization, and security.
Program Integration Management:
Activities identifying, defining, unifying, and coordinating multiple components within a program.
Program Life Cycle Management:
Overseeing program definition, delivery, and closure.
Program Management:
Application of knowledge, skills, and principles to manage programs.
Intrigued to unravel more definitions and deepen your comprehension? Watch the complete blog to bolster your understanding of PgMP certification prerequisites and terminologies. Stay tuned for future insights on program management.
Demystifying PGMP Certification: A Definitive Glossary
Welcome back, seekers of program management excellence! In this installment, I bring you the culmination of essential terms that will illuminate your path to PGMP certification success. As you embark on the journey to becoming a Program Management Professional (PGMP) under the aegis of PMI, this comprehensive guide will serve as your beacon, providing insight into the intricate world of program management terminology.
Program Management Information Systems (PMIS):
A comprehensive toolbox for collecting, integrating, and communicating critical program information to facilitate effective program management.
Program Management Office (PMO):
A structural framework that standardizes program-related governance processes, fostering resource sharing, methodological alignment, and knowledge exchange.
Program Management Performance Domain:
Clusters of interrelated functions distinguishing one performance domain from another, guiding program management activities.
Program Management Plan:
A foundational document integrating subsidiary plans, establishing management control, and providing an overall framework for managing program components.
Program Manager:
An individual vested by the performing organization to spearhead teams working towards program objectives.
Program Master Schedule:
A comprehensive schedule model linking program components, milestones, and high-level activities essential for realizing program benefits.
Program Quality Assurance:
Periodic evaluation of program quality, instilling confidence in compliance with relevant quality policies and standards.
Program Quality Control:
Monitoring program components, deliverables, and outcomes to ascertain compliance with quality requirements and benefits realization.
Program Quality Management:
Performing organization activities delineating program quality policies, objectives, and responsibilities for overall program success.
Program Resource Management:
Activities ensuring required resources—people, equipment, materials—are accessible for component managers, fostering benefit delivery.
Program Schedule Management:
Determining component sequencing, estimating required time for each, identifying milestones, and documenting outcomes.
Program Risk:
Uncertain events or conditions with potential positive or negative impacts on a program.
Program Risk Management:
Activities related to identifying, monitoring, analyzing, accepting, mitigating, avoiding, or retiring program risks.
Program Risk Register:
A record of risks, including analysis results and risk response planning.
Program Roadmap:
A chronological depiction of a program's intended trajectory, illustrating milestones, decision points, and the connection between business strategy and program work.
Program Scope Management:
All activities concerning program scope definition, development, monitoring, control, and verification.
Program Stakeholder Engagement Performance Domain:
Domain managing stakeholder needs, expectations, and communications to garner support.
Program Strategy Alignment:
Activities integrating business strategies and organizational objectives, ensuring congruence with operational performance and goals.
Program Strategy Alignment Performance Domain:
Domain identifying program outputs and outcomes aligned with organizational objectives.
Program Steering Committee:
A body representing diverse program-related interests, guiding the program through governance practices.
Project:
A temporary undertaking to create a unique product, service, or result.
Project Management:
Application of knowledge, skills, tools, and techniques to meet project requirements.
Quality Management Plan:
Incorporates organizational policies, procedures, and guidelines to achieve quality objectives.
Risk Management Plan:
Describes structured risk management activities in projects, programs, or portfolios.
Schedule Management Plan:
Establishes criteria for developing, monitoring, and controlling schedules.
Scope Management Plan:
Outlines how scope will be defined, developed, monitored, controlled, and validated.
Sponsor:
Individual or group providing resources and support, accountable for project, program, or portfolio success.
Stakeholder:
An entity affected by or affecting project, program, or portfolio decisions, activities, or outcomes.
Here concludes our journey through the essential terminologies that are integral to your PGMP certification endeavors. Remember to stay tuned for more insightful content and updates. Subscribe and follow us for an enriched understanding of program management nuances. Thank you for joining me on this enlightening expedition.
