What is the difference between project and program?

A project is a temporary endeavor with a specific goal, timeline, and budget, while a program is a collection of related projects and activities that are managed together to achieve a common goal. Programs are typically larger in scope and complexity than individual projects and may involve multiple stakeholders and resources. Programs are often ongoing and can include multiple projects that are coordinated and managed to achieve a common objective.

Project

- A specific, temporary endeavor undertaken to create a unique product, service, or result.
- Has a defined scope, timeline, and budget.
- Focuses on delivering a specific outcome.
- Typically has a single objective and is completed within a finite time frame.
- Managed by a project manager.

Program

- A group of related projects or initiatives that contribute to a broader strategic goal.
- Encompasses multiple projects and has a longer time horizon.
- Focuses on achieving a strategic outcome through the coordination and integration of projects.
- Has multiple objectives and is often ongoing or cyclical.
- Managed by a program manager or executive.

Key Differences:

- Focus: Projects focus on specific outcomes, while programs focus on strategic goals.
- Scope: Projects have a narrow scope, while programs have a broader scope.
- Timeline: Projects have a finite duration, while programs can be ongoing or cyclical.
- Objectives: Projects have a single objective, while programs have multiple objectives.
- Management: Projects are managed by project managers, while programs are managed by program managers or executives.

Example:

- Project: Developing a new product.
- Program: Improving customer satisfaction across all products and services.