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106 · Question #4

Which is an objective of the Portfolio Strategy?

The correct answer is C. Provide an overview of the portfolio linked to the strategic planning cycle. Option C is correct because the Portfolio Strategy is a high-level document that articulates how the portfolio supports and aligns with the organization's strategic direction, and it is reviewed and updated in sync with the strategic planning cycle. Its primary purpose is to…

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

Question

Which is an objective of the Portfolio Strategy?

Options

  • ACreate the baseline information to be input into the resource schedule
  • BDocument the short term view of what the portfolio is to achieve
  • CProvide an overview of the portfolio linked to the strategic planning cycle
  • DPromote discussion of any potential conflict between departmental and shared goals

How the community answered

(35 responses)
  • A
    9% (3)
  • B
    3% (1)
  • C
    86% (30)
  • D
    3% (1)

Explanation

Option C is correct because the Portfolio Strategy is a high-level document that articulates how the portfolio supports and aligns with the organization's strategic direction, and it is reviewed and updated in sync with the strategic planning cycle. Its primary purpose is to give stakeholders a clear picture of what the portfolio is intended to deliver in relation to organizational strategy.

  • A is wrong because creating baseline information for the resource schedule is an operational/planning activity associated with resource management, not the Portfolio Strategy document itself.
  • B is wrong because the Portfolio Strategy takes a long-term view aligned to strategic goals - short-term views are the concern of operational plans or delivery schedules.
  • D is wrong because while conflict resolution between departmental and shared goals may occur during portfolio governance discussions, it is not a defined objective of the Portfolio Strategy document.

Memory tip: Think of the Portfolio Strategy as the "big picture bridge" - it bridges the portfolio to the strategic planning cycle. If an answer sounds operational, tactical, or short-term, eliminate it.

Topics

#Portfolio Strategy#Strategic Planning Cycle#Strategic Alignment#Portfolio Objectives

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