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How do you describe the differenced between program management and project management (definition, tools, approaches, philosophy, decision making)?

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How do you describe the differenced between program management and project management (definition, tools, approaches, philosophy, decision making)?

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Some organizations make no difference between project management (managing a single project to meet business outcomes, time constraints, budget constraints, and scope constraints) and managing programs (managing multiple related projects in a coordinated way to maximize favorable business outcomes). Even for some organization who make a distinction between program and project management the practitioner tool set and decision making process can be the same. Based on your experience, how would you describe the practical differences between the two ideas?

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