Overview of Program Life Cycle Phases

Understanding the program life cycle phases is crucial for effective program management and success on the PgMP exam. The program life cycle consists of five distinct phases: Program Definition, Program Benefits Delivery, Program Closure, and two additional phases that span the entire life cycle: Program Formulation and Program Governance.

Program Definition: In this phase, the program is initiated, and the program charter is developed. Key activities include defining program objectives, identifying stakeholders, and establishing the program governance structure.

Program Benefits Delivery: This phase focuses on executing the program and delivering the intended benefits. It involves coordinating and managing multiple projects, ensuring alignment with the program objectives, and monitoring progress towards achieving the desired outcomes.

Program Closure: During this phase, the program is formally closed, and the final deliverables are transitioned to the appropriate stakeholders. It includes conducting a post-program review, documenting lessons learned, and celebrating the program's successes.

Program Formulation: This phase spans the entire program life cycle and involves continuous planning, monitoring, and adapting the program strategy to ensure it remains aligned with the organization's goals and objectives.

Program Governance: This phase also spans the entire life cycle and focuses on providing oversight, decision-making, and support to the program. It ensures that the program adheres to organizational policies, standards, and governance frameworks.

Exam Tips: Answering Questions on Overview of Program Life Cycle Phases
1. Understand the key activities and deliverables associated with each phase.
2. Recognize the relationships and dependencies between the phases.
3. Identify the roles and responsibilities of program stakeholders in each phase.
4. Apply the principles of program governance and formulation throughout the life cycle.
5. Analyze scenario-based questions to determine the appropriate actions or decisions based on the program's current phase.