Part 1

.

Details

1.1 Describe the terms project, program, and project portfolio.

1.2 Compare components of a project with the project life cycle.

1.3 Explain the effect of organizational structure and culture on project management.

A project is a temporary and one-time exercise which varies in duration. It is undertaken to address a specific need, problem or opportunity in an organisation, which may be to create a product or service or to change a business process. This is in direct contrast to how an organisation generally works on a permanent basis to produce their goods or services. For example the work of an organisation may be to manufacture trucks on a continual basis, therefore the work is considered functional as the organisation creates the same products or services over-and-over...