Organisations and Governance

Question 1

Portfolio Direction

Answer 1

The way in which an org organises its projects and programmes, sifts, prioritises and includes/terminates them depending on needs

Question 2

Disclosure and Reporting

Answer 2

The need to be open and honest regarding progress to facilitate programme and portfolio management

Question 3

Project Sponsorship

Answer 3

Overall organisational commitment to a programme and its relationship with the portfolio

Question 4

Project Management Capability

Answer 4

Advancement and control of PM resources and how they are able to perform commensurate with the needs of the governance structure

Question 5

Project Management Methods

Answer 5

Procedural framework e.g. PRINCE2. Includes:

People and organisation - roles and responsibilities
Products - internal products which help run the project vs deliverables
Processes - procedures for running the project e.g. risk management
Templates - e.g. PMP, risk log
Tools - software, document management systems etc.

Question 6

Advantages of standard methods

Answer 6

Consistency
Continuity
Communication
Clarity
Capability