Which of the following statements are correct regarding project management? (Choose two.)
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A. B. C. D. E.BC.
Project management is the process of initiating, planning, executing, monitoring, controlling, and closing a project to achieve specific goals and objectives. It involves organizing and managing resources, schedules, budgets, and deliverables to ensure the successful completion of a project. The following are the correct statements regarding project management:
A. A project can be part of an organization's program management: This statement is correct. In program management, multiple related projects are grouped together to achieve a common goal. Therefore, a project can be a part of an organization's program management.
B. An organization's portfolio will include programs: This statement is correct. A portfolio is a collection of programs, projects, and other activities that are grouped together to meet strategic business objectives. Therefore, an organization's portfolio will include programs.
C. A program has a defined start and finish: This statement is not correct. A program is a long-term, ongoing effort that may not have a defined start and finish. It consists of multiple related projects that are managed as a group to achieve strategic business objectives.
D. An organization's portfolio is a temporary and unique endeavor: This statement is not correct. An organization's portfolio is a collection of ongoing programs, projects, and other activities that are managed as a group to achieve strategic business objectives. It is not a temporary and unique endeavor.
E. A project portfolio will be managed under program management: This statement is correct. In program management, multiple related projects are grouped together to achieve a common goal. Therefore, a project portfolio will be managed under program management to ensure that all the projects in the portfolio are aligned with the strategic business objectives.