QUESTION A)
Compare and contrast project management and project portfolio management. Discuss the issues involved in selecting and managing a portfolio of projects for an organization. What recommendations would you make to senior management to avoid these issues if your organization wanted to implement a new PPM system or improve upon the current one?
QUESTION B)
As part of project management curriculum, you will frequently participate in project teams as a team member. These teams have often selected their own team project and used that project throughout the course. As an instructor, I have seen student teams who have selected “good projects” flourish and report an exceptional learning experience. I have also seen teams select “bad projects” and they invariably report that this has detracted from the course and the overall educational experience. Discuss ways that these bad projects can be avoided in this class.
QUESTION C)
According to Westland (2006), a business case is a document that justifies the start-up of a project. In your team, you have discussed several ideas for your team project. What steps would you take to begin developing your business case and what information would you want to include in this business case? Why is it important to periodically review the business case once the project is underway?