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106 · Question #38

Which are benefits of assessing the impact of portfolio management? 1. It can help demonstrate a compelling case for investment in portfolio management 2. It helps in the on-going development of…

The correct answer is B. 1, 2, 4. Option B (1, 2, 4) is correct because statements 1, 2, and 4 all describe benefits that arise specifically from the act of assessing portfolio management's impact - making the business case (1), driving continuous improvement (2), and leveraging the motivational power of…

Understanding the purpose, scope, objectives and benefits of portfolio management, and the key terms and concepts

Question

Which are benefits of assessing the impact of portfolio management? 1. It can help demonstrate a compelling case for investment in portfolio management 2. It helps in the on-going development of more effective portfolio management practices 3. It enables more effective implementation of programmes and projects via management of the project development pipeline, dependencies, and constraints 4. The process of measurement can help ensure success - reflecting the management expression, what gets measured gets done?

Options

  • A1, 2, 3
  • B1, 2, 4
  • C1, 3, 4
  • D2, 3, 4

How the community answered

(40 responses)
  • A
    8% (3)
  • B
    75% (30)
  • C
    3% (1)
  • D
    15% (6)

Explanation

Option B (1, 2, 4) is correct because statements 1, 2, and 4 all describe benefits that arise specifically from the act of assessing portfolio management's impact - making the business case (1), driving continuous improvement (2), and leveraging the motivational power of measurement itself (4).

Statement 3 is the distractor. Managing the project development pipeline, dependencies, and constraints is a benefit of portfolio management itself, not of assessing its impact. The question is specifically about what you gain from the assessment/measurement activity - statement 3 describes operational portfolio work, not evaluation of it.

Options A, C, and D all include statement 3, which makes them incorrect for the same reason.

Memory tip: Ask yourself - "Does this benefit come from measuring/evaluating portfolio management, or from just doing it?" Statements 1, 2, and 4 only make sense in the context of measurement (you can't demonstrate a business case, improve practices, or apply "what gets measured gets done" without an assessment process). Statement 3 would exist whether or not you ever assessed anything, so it belongs in a different category.

Topics

#portfolio assessment#impact measurement#management benefits#portfolio effectiveness

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