CGEIT Question #143: Real Exam Question with Answer & Explanation

Question

A board of directors has just received a report indicating that only a small number of IT initiatives have been completed on time and within budget, A third of the projects were cancelled prior to completion, and more than half will cost almost double their original estimates. An analysis has determined that no one is held responsible for the completion of investmentinitiatives, and there is no consistency in execution. Which of the following would BEST help the enterprise address these problems?

Options

• AEstablishing a project governance framework
• BAssigning business management to an IT investment review board
• CEstablishing an IT risk management plan
• DAligning IT investment priorities to the business

Explanation

To address chronic project failures, lack of accountability, and inconsistent execution, establishing a robust project governance framework is the best solution.

Common mistakes.

• B. Assigning business management to an IT investment review board addresses portfolio selection and oversight, but it does not directly solve the problems of inconsistent execution and lack of responsibility during project delivery.
• C. Establishing an IT risk management plan is crucial for identifying and mitigating risks, but it's a component within a broader governance structure and doesn't inherently create accountability or consistent execution for all projects.
• D. Aligning IT investment priorities to the business ensures projects chosen are relevant, but it does not guarantee their successful, on-time, and within-budget execution once approved.

Concept tested. Project governance framework benefits

Reference. https://www.pmi.org/learning/library/project-governance-framework-critical-component-1698

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