Which is one of the six primary functions that portfolio management needs to coordinate with to achieve strategic objectives?

Question

Options

• AReal estate and Property services
• BBudgeting and resource allocation
• CResource management
• DCommunications

• A
  8% (4)
• B
  2% (1)
• C
  88% (42)
• D
  2% (1)

Explanation

Resource management is one of the six primary functions identified in portfolio management frameworks (such as PMI's Standard for Portfolio Management) that portfolio managers must coordinate with to align work with strategic objectives. Coordinating with resource management ensures that people, assets, and organizational capacity are allocated appropriately across the portfolio to support strategic goals.

Option A (Real estate and Property services) is incorrect because it is a specific operational/facilities function, not one of the six primary strategic coordination functions recognized in portfolio management standards.

Option B (Budgeting and resource allocation) is a tempting distractor because it sounds financial and strategic, but "resource allocation" is actually a subprocess within resource management - not a standalone primary function in the standard list.

Option D (Communications) is important in portfolio management but serves as a supporting/enabling activity rather than one of the six primary functions portfolio management must formally coordinate with.

Memory tip: Think of the six functions as the "operational pillars" a portfolio sits on - Resource Management is the most foundational pillar because without managing who and what executes the work, no strategic objective can be met. If you see a choice that sounds like a narrow operational department (like Real Estate) or a subprocess (like "allocation"), those are likely distractors.

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