Level I, Affiliate International Retail Banker, described the different project methodologies such as waterfall, agile and scrum, providing candidates with an understanding of how they are best used. This section helps managers understand how to better manage projects and programmes, irrespective of method, by describing what projects and programmes are, the differences between them, and the basic skills required to manage them successfully.
Programmes and projects are at the heart of how a business transforms, introduces new products and services, implements, or improves new processes and technology, and many other business changes. Implementing them successfully is key to the business remaining relevant and growing.
What is the difference? To use an analogy, projects are like a train running on a track operated by a project manager, who may use a team to achieve the project goal by arriving at a destination with a finished product, service, process, or technology.
A programme is a collection of trains running on different tracks that may intersect, heading for the same destination or goal, each led by a project manager. The programme manager is the network controller, directing the various project trains, ensuring they don’t crash into each other, and arrive at the destination or goal.
A project has some defining characteristics:
Programmes characteristics are: