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CT 5 Project Management Standards And Processes Review the Portfolio Project instructions in the Module 8 folder. This Portfolio Project Milestone completes the requirements for the Section 1: Principle Components Discussion, which is common to both options. Using the essay paper framework that you drafted in Module 2, add substantive content to the remaining Section 1: Principle Components Discussion items, 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 - 7th ed.). For each of the following items not previously completed in the Module 2 Portfolio Project Milestone, include a brief, yet substantive synopsis (typically, 1- to 2-paragraphs for each subsection level-2 bullet item). Most of these items are Performance Domains (to find out more about these items, see Section 3.5 of the PMBOK Guide - Seventh Edition): · Project, Program, and Portfolio Management distinction · Project Prioritization and Selection Criteria · Project Charter (plus project charter template to be included in an appendix) · Project Development Approach and Life Cycle · Project Stakeholders · Project Team (e.g., the Project’s Organizational Breakdown Structure (OBS)) · Project Planning · Project Work · Project Estimating · Uncertainty · Measurement