Abstract
The purpose of this research is to build a framework of the PBSC (Program & Project Balanced Scorecard) as Program & Project MCS (Management Control System) . This paper examines the relationship between program management and product development project management. The data from 104 manufacturing industry were analyzed. The results show that program management efficiency is a significant factor for product development project performance. Moreover, according to the results, it revealed that there were different factors to improve program performance and project performance.