Questions 1. You work for company Bravo and have been asked to create a presentation for the Board of Directors to explain PPM. Your presentation is to include a comparison and contrast of project portfolio management, program management, and project management. The presentation should also include the benefits of PPM and why the company should implement this program. Below, in your own words, write the narrative for the presentation. Be sure to address all elements of the presentation.
Question 2. In project orientation it is important to determine both the project needs from the projects perspective and from the organizations perspective. From the projects perspective the main areas of concern are project scoping, project programming, and project autonomy. In your own words, explain what is meant by project scoping.
Question 3. The program management life cycle was developed to not only ensure successful realization of organizational/program strategies but also to create a process to plan, identify, and resolve specific cost, schedule, or quality problems associated with the program. The five phases of the program life cycle are formulation, organization, deployment, appraisal, and dissolution. In your own words, describe the appraisal phase and how it aids in planning, identifying, and resolving specific cost, schedule, or quality problems associated with the program.
Question 4. As a project manager you are constantly concerned with keeping the project on schedule and in budget. Four formulas used to measure project schedule and budget are CPI, SPI, CV, and SV. Define each formula, explain how it measures schedule or budget, & what the results mean to the project manager.