Final answer:
Program management is the application of knowledge, skills, and principles to a program to achieve the program objectives and to obtain benefits and control not available by managing program components individually.
Step-by-step explanation:
The subject of this question is program management.
Program management is the application of knowledge, skills, and principles to a program to achieve the program objectives and to obtain benefits and control not available by managing program components individually. It involves managing multiple components of a program together to achieve specific goals and objectives.
For example, let's say a company wants to launch multiple new products. Instead of managing each product individually, they can use program management to coordinate and integrate the development, marketing, and launch of all the products together, ensuring efficient use of resources and maximizing the overall success of the program.