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Use the characteristics of a project to differentiate it from operations work. Describe the life cycle of a project and explain the purpose of each...

1. Use the characteristics of a project to differentiate it from operations work. 2. Describe the life cycle of a project and explain the purpose of each part of the cycle. 3. Draw a distinction between a project and a program. Why is the distinction important? 4. Why are R&D projects in a company’s Aggregate Project Plan significantly different in type from the firm’s Derivative, Breakthrough and Platform projects? 5. How does the weighted scoring approach avoid the drawbacks of the NPV approach? Can the two approached be combined? If so, how?

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