Using the framework that you drafted in Module 2 (attached), 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 distinctionProject SelectionProject Charter (plus template in appendix)Project OrganizationProject PlanningProject SchedulingProject EstimatingMonitoring and ControlRisk 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.Your Portfolio Project Milestone essay, which includes the revised Section 1: Principle Components Discussion (now expanded to approximately 4-5 pages)this website