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Advance Project Management Pm587, Quiz

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Advance Project Management PM587, Week 3 quiz
Keller Graduate School of Management

Week 3 quiz covers material from Weeks 1 2 and 3

Grading Summary
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: 7/28/2012
Time Spent: 58 min , 25 secs
Points Received: 72 / 80 (90%)

Question Type: # Of Questions: # Correct:
Essay 4 N/A

Grade Details - All Questions 1. Question : (TCO A) You work for company Bravo and have been asked to create a presentation for the Board of Directors to explain PPM. Your presentation is to include a comparison and contrast of project portfolio management, program management, and project management. The presentation should also include the benefits of PPM and why the company should implement this program.
Below, in your own words, write the narrative for the presentation. Be sure to address all elements of the presentation.

Student Answer: Bravo Board of Directors Presentation PPM A PPM stands for Project Portfolio management. It is a management process used to develop a series of projects that are grouped into a portfolio based upon similar strategic objectives of the organization. The Project Portfolio management does not actually manage the project; however the management group creates guidelines and processes, which are then enforced to select the proper projects that will allow the organization to capitalize on its return on investment into the portfolio. Once the right project is selected the management team will prioritize the projects chosen allocated resources accordingly. Comparison/ Contrast between PPM (Project Portfolio Manager), PgM (Program Manager), and Project level The biggest differences between PPM, PgM, and PM are the Project Portfolio management’s (PPM) goal is to…...

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