Abstract
Program management is inherited its source from top down type "strategy formulation" methodology in giant administrative organization in America. Its core management is composed of system analysis and budget planning. In contrast, P2M of Japanese first version originated in 2001 is developed for middle managers for "strategy implementation" methodology to public and private enterprises. It is intended to deal with complex undertakings. In the lapse of eight years, a multiple debates are undergoing in contexts of project and program distinctions inclusive of management roles. This paper introduces noted papers in the West motivated by P2M, which underline corporate strategy links and portfolio methods and program management context. Further, the author points out debated issues of relational positioning and interface and value capture upgrade for innovation driven value design. A proposal is exhibited for further survey and research by exploring evolution toward P2M the new version.