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PFMP · Question #181

An organization has just finished its yearly budget planning. As a result, five new projects have received funding and will become part of the project portfolio. Which steps need to be taken to determ

The correct answer is C. Perform capacity planning, run what-if scenarios, and determine final prioritization.. When new funded projects are added to a portfolio, the organization must assess available capacity, model different scenarios, and set priorities before scheduling project starts.

Performance

Question

An organization has just finished its yearly budget planning. As a result, five new projects have received funding and will become part of the project portfolio. Which steps need to be taken to determine when the projects can start?

Options

  • AIdentify existing projects that can tolerate a reduction in priority and realign resources.
  • BIncrease the contingent workforce, run what-if scenarios, and determine resource roles and
  • CPerform capacity planning, run what-if scenarios, and determine final prioritization.
  • DPerform what-if scenarios, complete risk analysis, and facilitate the creation of a business case.

How the community answered

(36 responses)
  • A
    6% (2)
  • B
    14% (5)
  • C
    78% (28)
  • D
    3% (1)

Why each option

When new funded projects are added to a portfolio, the organization must assess available capacity, model different scenarios, and set priorities before scheduling project starts.

AIdentify existing projects that can tolerate a reduction in priority and realign resources.

Reducing priority of existing projects is a possible outcome of the process, not a step in determining when new projects can start.

BIncrease the contingent workforce, run what-if scenarios, and determine resource roles and

Increasing the contingent workforce is a resource strategy decision that comes after capacity and prioritization analysis, not before.

CPerform capacity planning, run what-if scenarios, and determine final prioritization.Correct

Capacity planning establishes how many resources are available and when. Running what-if scenarios models different start sequences and resource allocation combinations. Final prioritization determines the order in which projects are initiated, which together answer the question of when each project can begin.

DPerform what-if scenarios, complete risk analysis, and facilitate the creation of a business case.

Business case creation is a pre-funding activity; these projects have already received funding, so that step is complete.

Concept tested: Portfolio capacity planning and prioritization for new components

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

Topics

#Portfolio Capacity Planning#Portfolio Prioritization#Portfolio Optimization#What-if Analysis

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