Running Head: PROJECT AND PROGRAM MANAGEMENTProject and Program ManagementNameInstitutional AffiliationValue of project and program management1PROJECT AND PROGRAM MANAGEMENT2There is an increase in competition in todays economy all over the world. It is the reasonmost companies are turning to project management to be able to deliver business results. Eightypercent of the worlds companies have confirmed that having project management as a corecompetency has helped them to be on the forefront in the completion and remain competitiveduring the recession. Project management helps businesses to deliver business outcomes since itis engineered by the successful projects (Thiry, 2015).Good project management helps in the coordination of resources so that a company canachieve predictable results. Nonetheless, this does not mean that a company cannot haveshortcomings due to failed projects. It is a science and also an art. It is called a science becauseit is repeated and proven based on techniques. It is called an art because managing and relating topeople is required. Since the project management procedures and templates are made and theycan be used again on other projects in future, it saves a lot of time because one does not need torepeat the whole process. One can be more predictable on the projects to be completed so one isable to plan for his work. Managing of scope is easier and effective with project management.Many projects have problems beca ...
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