PM Question of the Week - week 8 2015

Dear colleague, welcome to the "PM question of the week" newsletter for week 8 2015.

This week we present you with somewhat of a classic question, aimed to test your understanding of the differences between projects, programs and portfolios.

Which of the following options is true?
a. Program success is measured in term of customer satisfaction.
b. Project success is measured in terms of benefits realization of the project.
c. Program success is measured in terms of aggregate investment performance.
d. Project success is measured in terms of product quality.

Answer to question and explanation

The correct answer is d. Project success is measured in terms of product quality.

Explanation: this is one of the objectives of project management, the others being timeliness, customer satisfaction, project quality and budget compliance. Let's examine the other options:
a. Program success is measured in term of customer satisfaction. is wrong because this is true for projects.
b. Project success is measured in terms of benefits realization of the project. is wrong because this is true for programs.
c. Program success is measured in terms of aggregate investment performance. is wrong because this is true for portfolios.

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