1. Describe the similarities and differences between projects, programs and portfolios and how they relate to organizational project management. Explain how these organizational levels can be used to produce better performance, better results, and sustainable competitive advantage.

2. Distinguish between fixed price, cost reimbursement, incentive, and time & material types of contracts as part of a project procurement plan. Explain how enterprise environmental factors and organizational process assets may influence the various contractual agreements.

3. Differentiate between the project management plan, subsidiary plans and baselines from the planning processes. Explain why the project management plan is the basis of all project work. Discuss the iterative planning process and its impact on the project management plan.

Answer all questions