“…Despite that Program Risk Management embraces the traditional steps of planning, identification, analysis, response, and monitoring & control, a program differs greatly from a project -even from large or complex ones -since their goals and natures are very different (Mulambya & Zaaiman, 2021). While program management is concerned with strategic outcomes for the organization (Brito & Medeiros Jr., 2021), project management is concerned with a single result, within a setting, with cost and time constraints (Office of Government Commerce, 2007). Thus, managing program risks with a project-based view and with the same old procedures and techniques is a mistake (Lucena et al 2016;Mulambya & Zaaiman, 2021); the natures of risks are different and require different management actions for programs as compared to projects.…”