For a portfolio focused primarily on new product development, what are the three key components required for an effective portfolio management process?

Question

Options

• ATactical planning, defined process stages and gate decision points, and a portfolio review process
• BA new product strategy, defined change management process, and a stakeholder feedback
• CA new product strategy, defined resource allocation plan, and a portfolio review process
• DPrioritization across all products, defined process stages and gates, and a portfolio review

• A
  5% (1)
• C
  95% (18)

Explanation

For a new product development portfolio, the three essential components are: (1) a new product strategy, which defines what products to pursue and why; (2) a defined resource allocation plan, which ensures the right people, funding, and capacity are assigned to the right products; and (3) a portfolio review process, which provides ongoing evaluation of performance and strategic fit. Option A introduces tactical planning and gate decisions, which are more relevant to program/project management than portfolio-level management. Option B focuses on change management and stakeholder feedback, which are support functions rather than core components. Option D uses prioritization across products and gates, which blends project and portfolio concerns. Option C best addresses the strategic, operational, and evaluative dimensions specific to a new product portfolio.

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