Coordinated management of multiple projects means that the activities of each project team are synchronized through the framework of a common lifecycle executed at the program level by the program core team.
Interdependent projects are those that have a mutual dependence on the output of other projects in order to achieve success. Program management ensures the dependencies between the multiple projects are managed in a concerted manner.
A finite period means that a program is a temporary undertaking, having a point of beginning and the point of ending. A program is of limited duration, a one-time venture which begins with clearly defined business objectives, and ends when the objectives are attained.
Accomplishment of the stated business goals is the overriding objective of a program, and the ultimate responsibility of the program manager. Business goals include such things as capturing additional market share, increasing profit through sales and gross margin growth, and strengthening brand value through quality, features and customer support.
