Which is one of the three broad approaches to implementing portfolio management?

The correct answer is B. Balance. Balance is one of the three broad approaches to implementing portfolio management - alongside value maximization and strategic alignment. These three approaches guide how organizations select, prioritize, and manage their portfolio of projects and programs to best serve organizat

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

Question

Options

ADefinition
BBalance
COne version of the truth
DBig bang

How the community answered

(30 responses)

A
3% (1)
B
90% (27)
D
7% (2)

Explanation

Balance is one of the three broad approaches to implementing portfolio management - alongside value maximization and strategic alignment. These three approaches guide how organizations select, prioritize, and manage their portfolio of projects and programs to best serve organizational goals.

Why the distractors are wrong:

A. Definition is a phase or cycle within portfolio management (e.g., in the MoP framework), not one of the three broad implementation approaches.
C. One version of the truth is a data governance and reporting principle - ensuring consistent, unified data - not a portfolio management approach.
D. Big bang refers to a system or change implementation strategy where everything is deployed at once, unrelated to portfolio management approaches.

Memory tip: Think "VBS" - Value maximization, Balance, Strategic alignment - as the three portfolio management approaches. "VBS" sounds like "vibes," and a well-managed portfolio gives stakeholders good vibes about organizational direction.

Topics

#portfolio implementation#three broad approaches#portfolio balance#governance

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