A Program Management degree will improve your overall performance.
Program management focuses on achieving long-term objectives through effective strategic projects. Projects are time-bound and temporary. Projects basically require a series of undertakings. This paves the way for a far larger business goal – organizational growth.
Are programs and projects the same?
Projects generally require a definite budget, time and resource. When you speak of a project, you usually have a clear ending date in mind and a particular outcome.
Reaching the deadline is considered as your short-term goal. Once you reach that goal, the project ends.
On the other hand, programs require several undertakings to reach a common goal. One program may be composed of many interrelated projects. These projects complement one another until the objectives are met.
The key here is to look for beneficial strategies to help you out.
What is program management?
Program management is a systematic process in managing many interconnected projects. These projects have a common goal of organizational growth and development.
It gives emphasis on the distribution and usage of resources for every project. It also involves the creation of project costs along with the corresponding risks and benefits.
A project has a clear duration. You know when it’s going to start and end. On the other hand, a program is an ongoing activity. It needs the consistent implementation to reach a common result.
The success of the program is usually attributed to the benefits the organization obtained within the implementation period.
What is the role of a program manager?
The program manager is responsible for the overall regulation of the entire program. This includes project status, purpose and activity levels.
Only a program manager has the capacity to make decisions that are not applicable within the perspective of a project.
In order to make informed decisions, a program manager consults project managers, especially when the goal entails specific approaches.
Whatever decision the project manager makes creates a huge impact on the overall program.
Benefits of Taking a Program Management Degree:
- You can easily align organizational goals through proper resource allocation.
- You will become flexible in weighing, redefining and even terminating projects if required.
- Since the success of the program depends on a series of projects, you will have a better understanding of the inter-dependencies of the projects.
- You can easily figure out how issues and strategies affect the business organization as a whole.
- You will have better time coordination, budget management and tactical ability to implement the program given the elements of the project
Program management is basically the management of several related projects with a common organizational goal. These projects comprise a program that needs to be implemented through specific management strategies and techniques.
In this course, you will learn how to properly address every organizational situation based on resource allocation, time and skills. You will also learn management techniques when faced with difficult projects.
Since each project requires particular attention, it will be easier for you to pinpoint what needs to be prioritized.
Who Is This For
- Entrepreneurs who want to have a broader knowledge of different program methodologies.
- Career-driven individuals who want to develop their abilities and work on their managerial and leadership skills.
- Those who want to have a better understanding of project and program objectives for successful implementation.
- Project managers who want to level up their skills, especially in managing risks and monitoring issues.
- Those who want to know how to properly prepare timelines, documentation, and briefs for each program.
Career Earning Potential
Basically, a program manager can acquire a salary ranging from $60,000 to $135,000 annually. The average could be around $90,000 per year.
Careers After This Course
Individuals who take up a degree in program management usually get into different industries including technology, construction, and engineering.
A typical working environment includes some time in the office and probable visitation to project sites. Regular client meet-ups are also to be expected.
Demand for this Profession
The demand for program managers continues to grow each year. In fact, over the next 10 years, it is expected to grow quicker compared to other professions.
By the year 2029, various industries will need around 90 million professionals who are skilled in program management.
Frequently Asked Questions
Is program management a good career choice?
Definitely. Aside from lucrative salaries, program managers provide you with a great learning experience.
You get to showcase your leadership and critical thinking skills when making decisions for the proper implementation of the program.
What career choice do I have with a degree in program management?
The most common paths for program managers include working in different fields including construction, engineering, environmental studies, healthcare, law and technology.
How much do entry-level program managers make in a year?
Most entry-level program manager salaries usually range from around $74,000 to $100,000 annually. Once you gain additional skills and experience, your income also increases.
What does a program manager do?
In a nutshell, a program manager is responsible for organizing and implementing programs. This is in relation to the goals of the organization.
He is expected to have excellent leadership skills coupled with fast critical thinking skills to immediately make informed decisions.
A program manager is also responsible for the management of the organization’s long-term goals. These goals are based on particular resource allocation and time constraints.
What is the difference between a program manager and a project manager?
A project manager is responsible for finishing a project and its deliverables. On the other hand, a program manager basically manages several projects at a time.
A program manager has a broader role than the project manager. He makes decisions based on the data and recommendations of project managers.
What skills do I need to be a program manager?
To become a program manager, you need to work on your leadership and communication skills. Remember that you will be dealing with several project managers and clients, so you need to have great negotiation techniques up your sleeve.
Most projects are bound by time and resources, so you also have to come up with better resources and planning management to avoid conflicts.
How do I become a better program manager?
In program management, you need to have great analytical skills. You can become a better manager when you know how to properly set your goals and priorities for the program.
Be realistic and delegate responsibilities to make the program easier and faster to implement.
If you are a fairly organized individual, then good for you. Writing things down also helps to keep tabs on every project.
Where to Get Free/Low-Cost Online Courses
Duration is 10-15 Hours; certificate provided.
Since program management is a series of projects, you can start with free project management courses from Coursera. They are mostly free and if you want a certificate, this will come with a cost.
Study a 20-hour course that is 100% free and comes with a certificate.
The 13-module “Become a Project Manager” learning path comes with over 20 hours of video training. It has a 30-day free trial promotion. Become a member for as low as $19.99.
A complete project management exam prep course includes interactive materials from initiating a project down to the monitoring process. The course covers six modules which you can buy individually or for a fee of $399.99 for all. That’s a relatively low cost for an optimum earning potential.