Unit 1-Projects Programmes and Portfolios

Question 1

1 -Programme V 2- Project

Answer 1

1- Long term - 3-5 years
2 - short term- max 2 years

1- Based on achieving strategic vision
2- Focused on delivering outputs on time and to cost

1- Has a business case
2- Has a business case but relys on programme business case to enable infrastructure projects

1- Focused knowledge creating outcomes and benefits
2- Focused on delivering outputs

1- Wider group of stakeholders
2 - Restricted group off stakeholders

Question 2

Benefits of a Programme

Answer 2

• All projects are focused on the strategy
• Projects are planned in optimum order
• Outputs are transitioned into outputs and benefits are realised

-Infrastructure projects are justified by the programme business case

• Cost reduction by procuring across several projects together
• One programme office

-Wider community of stakeholders

Question 3

1 Projects V 2 BAU

Answer 3

1- unique time bound
2- Repetitive ongoing

1- Captail funded
2- Revenue funded

1 - Specialist skills
2- functional skills

1- creates outputs
2- creates outcomes and benefit’s

Question 4

Benefits of a portfolio

Answer 4

-Portfolios ensure there is the correct amount of strategic change and business as usual activities.