A CEO initiates the strategic goal of bringing new products to market during the next five years. In response to this goal, the portfolio manager is tasked with leading a new portfolio based on a…

Question

Options

• AMeet with the CEO to better understand the strategic organizational goal.
• BIdentify the combination of projects and programs to meet the organization's strategic goal.
• CInterview stakeholders to determine which projects and programs should be included.
• DInitiate a new portfolio dedicated to the development of new products.

• A
  80% (28)
• B
  6% (2)
• C
  11% (4)
• D
  3% (1)

Explanation

Before defining components, interviewing stakeholders, or initiating work, the portfolio manager must first gain a thorough and accurate understanding of the strategic intent. Meeting with the CEO ensures the portfolio manager interprets the goal correctly - including scope, constraints, priorities, and expected outcomes. All subsequent actions (identifying programs and projects, interviewing stakeholders, structuring the portfolio) must be grounded in this strategic understanding. Acting before fully understanding the strategy risks misalignment from the very start. This aligns with the fundamental PMI principle that portfolio management begins with understanding organizational strategy.

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