Which processes are part of governance management?

The correct answer is D. Define Portfolio and Optimize Portfolio. According to the PMI Standard for Portfolio Management, the Portfolio Governance Management knowledge area includes the Define Portfolio and Optimize Portfolio processes. Define Portfolio establishes what components belong in the portfolio; Optimize Portfolio ensures the componen

Portfolio Governance Management

Question

Options

AClose Portfolio and Authorize Portfolio
BOptimize Portfolio and Close Portfolio
CAuthorize Portfolio and Define Portfolio
DDefine Portfolio and Optimize Portfolio

How the community answered

(38 responses)

A
3% (1)
B
5% (2)
C
3% (1)
D
89% (34)

Explanation

According to the PMI Standard for Portfolio Management, the Portfolio Governance Management knowledge area includes the Define Portfolio and Optimize Portfolio processes. Define Portfolio establishes what components belong in the portfolio; Optimize Portfolio ensures the component mix continues to support strategic objectives. Authorize Portfolio is a performance management process that formally approves and funds components. Close Portfolio is also a performance management process that formally ends portfolio activities. Therefore, options A, B, and C each include at least one non-governance process.

Topics

#Portfolio Governance#Portfolio Management Processes#Strategic Alignment#Value Optimization

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