Review the Portfolio Project instructions in the Module 8 folder. This Portfolio Project Milestone requires the demonstration of your progress toward the completion of your final Portfolio Project—the emphasis of this Portfolio Project Milestone is related to the “Section 1: Principle Components Discussion,” which is common to both options.

Using the framework that you drafted in Module 2, add substantive content to the Section 1: Principle Components Discussion section, which describes the project management standards and processes based on the Project Management Institute’s A Guide to the Project Management Body of Knowledge® (PMBOK® Guide) (6th ed.). For each of the following items not previously completed in the Module 2 Portfolio Project Milestone, include a brief, yet substantive synopsis (1- to 3-paragraphs for each subsection level-2 bullet item):

• Project, Program, and Portfolio Management distinction
• Project Selection
• Project Charter (plus template in appendix)
• Project Organization
• Project Planning
• Project Scheduling
• Project Estimating
• Monitoring and Control
• Risk Management.

Please note that the project charter template must address the unique requirements of a small-to-medium projects in a global organization.

Include the Portfolio Project option that you selected as part of the cover page, running header, and the paper title to confirm which scenario-specific project management simulation you will complete and that aligns with your Portfolio Project option.