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Project management is the base of the program management. PgM is to provide oversight of the purpose and status of all projects in a Program. this oversight can be used to support project-level activity to ensure the overall program goals and benefits are likely to be met,
Program is collection of related projects or a Big project divided into smaller sub projects... Program Management is managing collection of related project in a coordinated way. Due to shared resources, Program management could lead to
1. Improved Management
2. Reduction of Risk
3. Economies of Scale
While each project has its objective, Program has same shared objective..