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PFMP · Question #199

In determining whether a component is ready to begin work, a portfolio manager should review reports related to:

The correct answer is A. portfolio risk, financials and funding, and the portfolio's strategic plan.. Readiness to begin work requires assessing three foundational dimensions: strategic alignment (the portfolio's strategic plan confirms the component supports current objectives), financial viability (financials and funding confirms resources are available), and risk exposure (por

Strategic Alignment

Question

In determining whether a component is ready to begin work, a portfolio manager should review reports related to:

Options

  • Aportfolio risk, financials and funding, and the portfolio's strategic plan.
  • Bportfolio gates, the governance model, and lessons learned on similar projects.
  • Cresources, portfolio risk, and stakeholder support.
  • Dfinancials and funding, resource needs, and governance decisions.

How the community answered

(62 responses)
  • A
    79% (49)
  • B
    11% (7)
  • C
    3% (2)
  • D
    6% (4)

Explanation

Readiness to begin work requires assessing three foundational dimensions: strategic alignment (the portfolio's strategic plan confirms the component supports current objectives), financial viability (financials and funding confirms resources are available), and risk exposure (portfolio risk confirms the risk profile is acceptable). Together, these form a complete go/no-go view. Option B includes portfolio gates and governance but omits financial readiness, which is essential before committing resources. Option C (resources, risk, stakeholder support) misses financial and strategic plan review. Option D (financials, resource needs, governance decisions) omits the strategic plan, which is the foundational document confirming a component should exist at all. Option A is the most complete and strategically grounded answer.

Topics

#Portfolio Management#Component Readiness#Strategic Alignment#Decision Making

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