PROJ587 Week 3 Discussion (dq1+dq2) (September 2019)
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PROJ 587 Advanced Program Management
Week 3 Discussion
DQ1 PM, PGM, AND PPM
Project management, program management, and project portfolio management all sound alike. They are different names for possibly the same thing. These are very different topics. Compare and contrast project management, program management, and project portfolio management.
DQ2 PROJECT COST
Whether you are a project manager or a program manager, you will be concerned with project cost. Below is a list of terms that you would see and use when working with project cost. Choose only one, explain it, and give some examples of how it works.
Planned Value (PV)
Actual Cost (AC)
Earned Value (EV)
Budget at Completion (BAC)
Cost Variance (CV)
Schedule Variance (SV)
Cost Performance Index (CPI)
Schedule Performance Index (SPI)
Estimate at Completion (EAC)
Estimate to Complete (ETC)
Variance At Completion (VAC)
Probability (P)
Impact (I)
Expected Monetary Value (EMV)
Expected Activity Duration (EAD)
Standard Deviation (SD)
Late Start, Early Start, Late Finish, Early Finish (LS, ES, LF, EF)
Point of Total Assumption (PTA)
To Complete Performance Index [TCPI]
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