1. Describe the differences between Project, Portfolio and Program management in terms of Scope, Change, Planning, Management, Success and Monitoring characteristics?
2. Hathaway, Inc., a resort management company, is refurbishing one of its hotels at a cost of $7,156,793. Management expects that this will lead to additional cash flows of $1,650,000 for the next six years. What is the IRR of this project? If the appropriate cost of capital is 12 percent, should Hathaway go ahead with this project?