The
PMINJ Program Excellence (PMEx) Award recognizes programs which demonstrate remarkable leadership, vision, values and commitment to the program management community.
This award aims to showcase how programs or organizations are using their expertise and passion to transform the world, whether through technological advancements, social initiatives or business innovations.
Distinction between a
Project (POY) and a
Program (Program Excellence PMEx):
| Project
| Program
|
Duration |
Short term, temporary |
Longer term |
Scope |
Projects have defined objectives. Scope is progressively elaborated throughout the life cycle. |
Programs produce aggregate benefits delivered through multiple components. |
Change |
Project teams expect changes and implement processes to address the changes, as needed. |
Program teams explore changes and adapt to optimize the delivery of benefits. |
Success |
Success is measured by product and project quality, time lines, budget, customer satisfaction, and achievement of intended outcomes. |
Success is measured by the realization of intended benefits and the efficiency of delivering those benefits. |
Funding |
Funding is largely determined up front based on ROI projections and initial estimates. Funding is updated based on actual performance and change requests. |
Funding is up front and ongoing. Funding is updated with results showing how benefits are being delivered. |