1.1 - Summarize the properties of a project

Question 1

Project

Answer 1

• temporary
• start and finish
• unique outcome
• reason/purpose

Question 2

Program

Answer 2

• Includes related and interdependent projects

Question 3

Portfolio

Answer 3

• Collection of projects, programs, and operational work to achieve business objectives
• May or may not be interdependent, but grouped to give management a broader view of projects and adherence to organizational objectives
• Project as a part of a portfolio: cost, resource requirements, timelines, strategic goals, and benefits should be in line with other projects in a portfolio