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Project Portfolio Management

Learning Goal: I’m working on a engineering project and need the explanation and answer to help me learn.

Q1. In any organization, projects could be both internal and external. Internal projects are executed

to enhance capability and/or capacity of an organization and are sourced from within the

organization. Whereas external projects are executed for clients external to the organization. Give

examples of both internal and external projects for an organization. Also explain with justifications

and examples if Project Portfolio Management (PPM) would be applicable for only the selection

of external projects or for selecting both types of projects?

Q2. A project charter is ideally developed for each project. What is a project charter and what

possible assistance can a project charter provide in PPM and how?

Q3. What are the differences in the focus of Project Management (PM) and PPM over the

PPM lifecycle? What performance measures can be used to evaluate a project from the perspective

of PM and PPM?

Notes:

Questions may have several parts. Please ensure to attempt all parts.

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