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April 11, 2024

Portfolio Management HW

Q1. In any organization, projects could be both internal and external. Internal projects are executed to enhance capability and/or capacity of an organization and are sourced from within the organization. Whereas external projects are executed for clients external to the organization. Give examples of both internal and external projects for an organization. Also explain with justifications and examples if Project Portfolio Management (PPM) would be applicable for only the selection of external projects or for selecting both types of projects?

Q2. A project charter is ideally developed for each project. What is a project charter and what possible assistance can a project charter provide in PPM and how?

Q3. What are the differences in the focus of “Project Management (PM)” and “PPM” over the PPM lifecycle? What performance measures can be used to evaluate a project from the perspective of PM and PPM?

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