The program management dilemma is to always be:
- on time
- to spec. and
- within budget.
Negative consequences are typically seen in lost revenues/margins and budget overruns.
There are many resources (textbooks, good practices, work breakdown structures, project management software packages etc.) out there to deal with these issues.
A robust and therefore recommended approach to manage this dilemma is Critical Chain Project Management devised by Dr. Goldratt and his team.