Question 1 When planning a project portfolio, a pre-qualification process is very important in order to minimize portfolio decisions, and to select the most adequate projects to be deployed by the firm according to some selection criteria. a) You are required to indicate four selection criteria which can be used in a pre- qualification template. [4 marks] Pre-qualification templates can be generated for different types of projects. One such typology contemplates three types of projects: maintenance or utility projects, growth or enhancement projects, and transformation projects. b) You are required to explain each one of these three types of projects. [6 marks] Once project proposals have made the pre-qualification cut, firms can use processes for the PMO to select the project proposals which will be actually implemented. Two such processes are: (1) ranking of value and benefits, and (l) appraisal of risk. c) You are required to explain these two processes. [6 marks] When several projects are already being carried out, firms are concerned with maintaining the pipeline, i.e. maintaining the balance, relevance and value of the project portfolio d) You are required to propose one tool for ranking projects for assessing the balance of projects, and to propose one tool for assessing the value of the portfolio. [4 marks]