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:
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to meet any one of the criteria will result in ve grading.