1. Projects in a program are required to generate value independently of each other.

1. True
2. False

2. Whether a financial portfolio or a project portfolio, the objective is to create value and maximize the return for the owner.

1. True
2. False

3. Change drives the portfolio; investment priorities must change in accordance with changes in organizational strategy and goals.

1. True
2. False

4. Projects go through 3 broad phases. In the initiation phase, a new project idea is evaluated based on whether it aligns with organizational strategy and goals and has a strong ______ _______.

1. Project Plan
2. Project Charter
3. Business Case
4. Project Sponsor

5. Every proposed or ongoing project should exhibit the potential to generate _________.

1. Deliverables
2. Value
3. Payback
4. Potential