Programs and Themes
Programs are a sub-element of a sound and robust Portfolio management system. Programs are used to categorize common themes with in a Portfolio of Projects.
An example Program/Theme might be: Bio-Fuels with a set of underlying projects that support the development efforts.
Portfolio Management is the responsibility of the senior management team of an organization or business unit. A successful Portfolio includes front end activities, strategy alignment, financial discipline, diversity of programs and projects.