WGU C176 Project Management, Top Exam Questions and answers, graded A+. VERIFIED 2024 | 40 Pages

project Unique: A project is typically undertaken to meet a specific business objective. Temporary: Projects have definite start and end dates. Reason or Purpose: A project comes about to fulfill a purpose. Stakeholder Satisfaction: A project starts once it's been identified, the objectives have been outlined in the project charter, and appropriate stakeholders have approved the project plan. reasons for a project: -Market Demand -Strategic Opportunity/Business Need: -Customer Request -Technological Advance -Legal Requirement -Environmental Considerations -Social Need program is a group of related projects that are managed together using coordinated processes and techniques. Portfolios are collections of programs, subportfolios, and projects that support strategic business goals or objectives. Unlike programs, portfolios may consist of projects that are not related.