Using the framework that you drafted in Module 2, add substantive content to the Section 1: Principle Components Discussion section, which describes the project management standards and processes based on the Project Management Institute’s A Guide to the Project Management Body of Knowledge® (PMBOK® Guide) (6th ed.). For each of the following items not previously completed in the Module 2 Portfolio Project Milestone, include a brief, yet substantive synopsis (1- to 3-paragraphs for each subsection level-2 bullet item):
- Project, Program, and Portfolio Management distinction
- Project Selection
- Project Charter (plus template in appendix)
- Project Organization
- Project Planning
- Project Scheduling
- Project Estimating
- Monitoring and Control
- Risk Management.
Please note that the project charter template must address the unique requirements of a small-to-medium projects in a global organization.
Include the Portfolio Project option that you selected as part of the cover page, running header, and the paper title to confirm which scenario-specific project management simulation you will complete and that aligns with your Portfolio Project option.
Your Portfolio Project Milestone essay, which includes the revised Section 1: Principle Components Discussion (now expanded to full 5 pages), must include substantive, well-supported content and be formatted according to APA format.
Chapters 14, 15, & 17 in Project Management: A Systems Approach to Planning, Scheduling, and Controlling
Part 1 (Sections 6.6, 7.4, 10 & 11) & Part 2 (Section 5) in A Guide to the Project Management Body of Knowledge (PMBOK® Guide)
Module 3 (p. 3) in Project Management System Resource Center (PMSRC)
Boland, J., & Stefanazzi, O. (2018, Mar). IBM strengthens focus on professional project management center of excellence celebrates more than two decades of service. PMI Publications. Retrieved from https://www.pmi.org/-/media/pmi/documents/public/pdf/case-study/ibm-pmcoe-case-study.pdf
Soofifard, R., & Bafruei, M. K. (2016). An optimal model for Project Risk Response Portfolio Selection (P2RPS). Iranian Journal of Management Studies, 9(4), 741-765.
AACE International. (2018). AACE International recommended practice no. 10S-90: Cost engineering terminology. Retrieved from https://web.aacei.org/docs/default-source/rps/10s-90.pdf?sfvrsn=18
Kerzner, H. (2017). Project management: A systems approach to planning, scheduling, and controlling (12th ed.). Hoboken, NJ: John Wiley & Sons.
Project Management Institute. (2017). A guide to the project management body of knowledge (PMBOK® Guide) (6th ed.). Newton Square, PA: PMI Publications.
Chapter 10 & Chapter 11 (Sections 11.0-11.7, 11.16, & 11.26) in Project Management: A Systems Approach to Planning, Scheduling, and Controlling
Part 1 (Sections 4.1, 10.1, & 11.2) & Part 2 (Section 2) in A Guide to the Project Management Body of Knowledge (PMBOK® Guide)
Module 5 (pp. 1-4) in Project Management System Resource Center (PMSRC)
Project Management Institute (PMI). (2017, February). Embracing benefits realization management – An essential element of achieving project management and business success. PMI Publications. Retrieved from https://www.pmi.org/-/media/pmi/documents/public/pdf/case-study/embrace-benefits-realization.pdf
Project Management Institute (PMI). (2018, May 24). Strategic role of project management elevated as organizations manage disruptive technologies. Business Wire (English), 1-5.
Project Management Institute. (PMI). (2017). Benefits realization management framework. PMI Publications, Thought Leadership Series. Retrieved from https://www.pmi.org/-/media/pmi/documents/public/pdf/learning/thought-leadership/benefits-realization-management-framework.pdf
Pedersen, K. (2016). IT project selection: Politics, experience and good friends. Electronic Journal of Information Systems Evaluation, 19(1), 55-70.
Project Management Institute. (2016). Connecting business strategy and project management. PMI Publications, Thought Leadership Series. Retrieved from https://www.pmi.org/-/media/pmi/documents/public/pdf/learning/thought-leadership/connect-business-strategy.pdf?sc_lang_temp=en
Project Management Institute. (2017). A guide to the project management body of knowledge® (PMBOK® Guide) (6th ed.). Newtown Square, PA: PMI Publications.