Many business organizations have adopted a proactive approach in battling the ongoing economic slump. Instead of cutting cost by shrinking workforce and reducing expenditures to survive the wave of economic crisis, enterprises have stepped their game up in pursuit of business success.And the strategy of expanding business to overcome economic challenges has paid off for most of the successful organizations globally.
But with the expansion of businesses, IT departments are having to tackle large and complex efforts in combining the delivery of rapidly evolving business needs, models and software elements of multiple,interdependent projects collectively. Program managers taking traditional approaches in executing several projects in parallel are falling short on timely and effective delivery of their organization’s goals. Consequently, IT professionals are turning to the discipline of program management, which defines the strategies, principles and desirable results for managing multiple, complex and large-scale projects in parallel.
At the same time, IT executives are looking for talented and versatile professionals who can work as Project Managers (PMs) as well as Business System Analysts (BSA’s). Individuals with the right skills and talent can fit into IT departments to fulfill common aspects of Program Management:
- Governance: Defining the roles and responsibilities of each team member while providing oversight.
- Management: Planning and administration of individual projects as well as the entire program consisting of these interdependent projects.
- Financial Management: Implementation of specific business practices pertaining to finance and budget control.
- Infrastructure: Managing human, technology and other resources available in the workplace for supporting the overall program effort.
- Planning: Planning activities that take place at multiple levels, with different goals for each project. Traditional program management planning approaches are usually not employed.