Which is one of the first seven steps in a staged implementation of portfolio management?

Question

Options

• APreparation of an organization-wide Implementation Plan encompassing all 12 practices
• BCreate an annual plan including a delivery schedule and report progress against it
• CImplement a software solution to aid portfolio resource management
• DAdopt sophisticated approaches to prioritizing initiatives

• B
  93% (27)
• C
  3% (1)
• D
  3% (1)

Explanation

Option B is correct because staged portfolio management implementation begins with foundational practices - creating an annual plan with a delivery schedule and tracking progress against it establishes basic discipline and visibility without overreaching. This is achievable early on and builds the habit of structured planning before more complex capabilities are introduced.

Why the distractors are wrong:

• A is too ambitious for early stages - encompassing all 12 practices in an organization-wide plan is a mature, later-stage activity requiring significant organizational readiness.
• C is premature - software solutions should support established processes, not precede them; tooling comes after foundational practices are in place.
• D describes a sophisticated, advanced capability - nuanced prioritization frameworks require organizational maturity and data that simply aren't available in the first seven steps.

Memory tip: Think "walk before you run" - the early steps favor simple, repeatable habits (plan, schedule, report) over big-bang transformations (org-wide plans, advanced software, sophisticated models). If an answer sounds like it requires significant maturity or investment, it's probably a later-stage activity.

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