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PFMP · Question #104

A large organization has an extensive portfolio. However, senior management is concerned that these efforts may not be completely aligned with previously agreed upon portfolio metrics, and they have e

The correct answer is A. revise the metrics to be collected from the various components and meet with the component. When senior management is concerned that portfolio efforts do not align with agreed metrics, the portfolio team must first revise the metrics being collected from components and then engage component managers to correct the misalignment.

Portfolio Performance Management

Question

A large organization has an extensive portfolio. However, senior management is concerned that these efforts may not be completely aligned with previously agreed upon portfolio metrics, and they have expressed this concern to the portfolio management team. The team's response should be to:

Options

  • Arevise the metrics to be collected from the various components and meet with the component
  • Bhold performance reviews with the managers of the active portfolio components to elicit
  • Censure at the next steering committee meeting that senior management is fully aware of all of the
  • Dreview the established performance measures with senior management to ensure that the metrics

How the community answered

(43 responses)
  • A
    65% (28)
  • B
    5% (2)
  • C
    21% (9)
  • D
    9% (4)

Why each option

When senior management is concerned that portfolio efforts do not align with agreed metrics, the portfolio team must first revise the metrics being collected from components and then engage component managers to correct the misalignment.

Arevise the metrics to be collected from the various components and meet with the componentCorrect

Revising the metrics collected from portfolio components directly addresses the root cause of the misalignment by correcting what is being measured. Meeting with component managers then ensures the updated metrics are understood and applied consistently across the portfolio, resolving both the measurement gap and the alignment concern raised by senior management.

Bhold performance reviews with the managers of the active portfolio components to elicit

Holding performance reviews with component managers addresses performance reporting but does not directly resolve the metrics misalignment concern that senior management raised.

Censure at the next steering committee meeting that senior management is fully aware of all of the

Ensuring senior management is aware of all portfolio information at a steering committee meeting addresses a communication gap but does not correct the underlying metrics alignment problem.

Dreview the established performance measures with senior management to ensure that the metrics

Reviewing established measures with senior management is only a partial step; it does not include the necessary action of revising metrics collection from components to fix the misalignment.

Concept tested: Portfolio performance metrics alignment and revision

Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management

Topics

#Portfolio Performance Management#Portfolio Metrics#Strategic Alignment#Stakeholder Engagement

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