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PFMP · Question #145

A portfolio management information system (PMIS) data store is necessary and valuable for:

The correct answer is A. serving as a learning source and preserving component and portfolio approval decisions and. A PMIS data store is primarily valuable as an organizational learning repository that also preserves the decision history needed for governance accountability and continuity.

Governance

Question

A portfolio management information system (PMIS) data store is necessary and valuable for:

Options

  • Aserving as a learning source and preserving component and portfolio approval decisions and
  • Barchiving reference materials in litigation cases, meeting minutes, and component approval
  • Cstoring component artifacts, serving as a learning source, and ensuring portfolio management
  • Ddocumenting implementation notes and storing standards, best practices, and component

How the community answered

(39 responses)
  • A
    90% (35)
  • B
    5% (2)
  • C
    3% (1)
  • D
    3% (1)

Why each option

A PMIS data store is primarily valuable as an organizational learning repository that also preserves the decision history needed for governance accountability and continuity.

Aserving as a learning source and preserving component and portfolio approval decisions andCorrect

The PMIS data store captures historical lessons learned and component outcomes, enabling future portfolio cycles to benefit from prior experience. Preserving approval decisions creates a traceable record of governance actions, which is essential for accountability and for informing future portfolio reviews.

Barchiving reference materials in litigation cases, meeting minutes, and component approval

Archiving litigation materials and meeting minutes describes a general records management function, which is broader and distinct from the specific purpose of a PMIS data store.

Cstoring component artifacts, serving as a learning source, and ensuring portfolio management

Storing component artifacts is one function, but ensuring portfolio management processes is an operational control responsibility that goes beyond what a data store provides.

Ddocumenting implementation notes and storing standards, best practices, and component

Storing implementation notes and standards describes a process knowledge base or repository, which is a different system from the PMIS data store.

Concept tested: Purpose and value of PMIS data store in portfolio management

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

Topics

#PMIS#Data Management#Portfolio Governance#Organizational Learning

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