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Abstract

Program management is an actively developing field of knowledge during
 the last decades. The lack of programs� common understanding, distinguishing
 features and at the same time the similar principles of program,
 portfolio and project management, insufficient accounting program�s main
 features, such as a large number of incoming interrelated and interdependent
 projects, the need for two-level management (strategic and detailed
 ones), creating and accumulating uncertainty due to a number of projects,
 demand for program�s continuous adjustment according to changing conditions
 of internal and external environment create the pool of problems
 that affects the program planning quality. Slippage, budget overruns, loss of
 strategic guidelines � all this lead to failure in achieving business objectives.
 In this paper the program�s distinctive features have been analyzed, comparative
 analysis of programs, projects, portfolios has been made, key
 points of program planning have been identified. The main elements of
 program plan have been defined with an accent on emerging difficulties
 and key components. Possibilities of use of collected knowledge related to
 projects and portfolios planning while creating the program plan have been
 analyzed. The need for developing a new approach to program planning
 with account of all program�s features has been revealed.