PFMP · Question #235
The portfolio manager has obtained a prioritized inventory of work for each of the subportfolios of new products, regulatory, and quality improvement. Each subportfolio has been prioritized based on t
The correct answer is B. evaluate capability and capacity.. When integrating multiple subportfolio prioritizations into a single overall portfolio prioritization, the critical step is evaluating the organization's capability and capacity. Each subportfolio has its own prioritized list, but the organization has finite resources and capabil
Question
The portfolio manager has obtained a prioritized inventory of work for each of the subportfolios of new products, regulatory, and quality improvement. Each subportfolio has been prioritized based on the objectives contained in the subportfolio charters. The executive sponsor has requested that the portfolio manager identify a best-practice approach to incorporate the subportfolio's prioritization into an overall portfolio prioritization. The portfolio manager has determined that this approach should develop a process to:
Options
- Aimplement a portfolio multi-criteria weighted ranking.
- Bevaluate capability and capacity.
- Cintegrate the subportfolios into the portfolio management plan.
- Dutilize graphical and analytical methods.
How the community answered
(25 responses)- A16% (4)
- B72% (18)
- C4% (1)
- D8% (2)
Explanation
When integrating multiple subportfolio prioritizations into a single overall portfolio prioritization, the critical step is evaluating the organization's capability and capacity. Each subportfolio has its own prioritized list, but the organization has finite resources and capabilities. Without a capability and capacity evaluation, you cannot determine what can realistically be executed at the portfolio level, nor can you make meaningful trade-offs across subportfolios. Multi-criteria weighted ranking (A) is a useful technique, but it presupposes you know what the organization can actually support - which requires the capability and capacity evaluation first.
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