ABSTRACT
Portfolios are executed through the implementation of programs, as well as individual projects linked to the portfolio. This chapter focuses on how to plan and implement programs. Programs consist of a collection of interdependent projects to produce outcomes and realize the required benefits. Outcomes and benefits result from changes in business operations. There are a couple of techniques used for benefits identification during portfolio management and program management. These techniques can include the creation of the following: Benefits Logic Map, Results Chain, and Benefits Map. The Program Mandate informs why the change initiative could be considered to be run as a program. As a part of the program mandate ratification, top management also constitutes the Program Governance Board. The Program Governance Board is the highest decision-making body within the program lifecycle. The program lifecycle can be divided into four main phases: program initiation, program definition, program execution, and program closure.
