PFMP · Question #134
As a part of the portfolio management plan, the portfolio performance management plan is intended to:
The correct answer is C. provide portfolio oversight with the portfolio management approach and establish how a portfolio. The portfolio performance management plan establishes the overall management approach and oversight structure for how the portfolio will be governed and controlled.
Question
As a part of the portfolio management plan, the portfolio performance management plan is intended to:
Options
- Aspecify measurement and targets that are used to determine whether adjustments need to be
- Bcontain information regarding portfolio risk and outline actions to take when adjustments need to
- Cprovide portfolio oversight with the portfolio management approach and establish how a portfolio
- Ddocument the vision, goals, objectives, strategies, and other information specific to the portfolio
How the community answered
(22 responses)- B9% (2)
- C86% (19)
- D5% (1)
Why each option
The portfolio performance management plan establishes the overall management approach and oversight structure for how the portfolio will be governed and controlled.
Specifying measurements and thresholds for triggering adjustments describes a performance measurement component, not the broader oversight and management approach function of the performance management plan.
Outlining portfolio risk information and actions to take when adjustments are needed describes the portfolio risk management plan, not the performance management plan.
The portfolio performance management plan provides portfolio oversight by defining the management approach, governance structure, roles and responsibilities, and establishing the mechanisms by which the portfolio is monitored, reviewed, and controlled - ensuring that portfolio performance is consistently assessed against strategic objectives.
Documenting vision, goals, objectives, and strategies describes the portfolio strategic plan or portfolio charter, not the performance management plan.
Concept tested: Portfolio performance management plan purpose and scope
Topics
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