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Inquiry on Project Set vs. Program Concept and Managing Mixed Scenarios in PPM

Summary:

Dear Experts,

I hope this message finds you well. I have a couple of questions regarding the project set and program concepts in PPM, as well as a specific business scenario we are considering. Please note that we only utilize Project Financial Management.

Project Set vs. Program Concept in PPM

Could you please explain the difference between the project set and program concepts in PPM? Understanding the distinction and applications of each within the context of Project Financial Management would be very helpful.

Business Scenario

Our business scenario involves creating a contract project with multiple tasks structured up to three levels (WBS). Some of the top tasks within the project are designated for T&M (Time and Materials) with the following setups:

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