Moving to another question will save this response. Question 5 of Question 5 5 p
ID: 396134 • Letter: M
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Moving to another question will save this response. Question 5 of Question 5 5 points Sav Which of the following is a difference between project management and portfolio A Project management involves making wise investment decisions whereas portfolio management does not. B. Portfolio management is an easy task whereas project management is a more dificult task. C. Portfolio management asks questions ike, "Are we carrying out projocts officiently?" whereas project management asks questions such as "Are we investing in the right aroas?" OD. Project management addresses specific, short-term goals whereas portfolio management focuses on long-term goals. Moving to another question will save this response Question 5 ot Giveand TakeARevol...Bax Drive-Dan-Pink.pd shExplanation / Answer
Answer 5: Option D
The difference between the portfolio management and project management is that portfolio management focuses on long term goals for the organization where as the project management focuses on addressing the specific and short term goals for the organization. Project management is the execution of a single project where as portfolio management is the execution of number of projects which will help the business in long run.
Answer 6: Option A- Program Management office
Program management office is an organizational group responsible for coordinating the project management function throughout the organization. The PMO is the group which executes the project management in the organization.
Answer 7: Option D – Human Relations Skills
Joe needs to improve his human relation skills, as he is not able to execute the desired human behavior when his team approaches to him for inputs and suggestions. Joe is expert in application knowledge, program knowledge an associated standards and regulations.
Answer 8: Option C – Projects are temporary whereas operations are ongoing.
Project are taken for short term requirements as they want to achieve specific objective for the organization, where as operations are ongoing things in the organization. Projects are taken to keep the operations running in the business. Thus projects drive operations.
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