PFMP · Question #274
When developing the charter, you will use multiple inputs and documents of which the portfolio Strategic Plan is one. How is the strategic plan used in this case?
The correct answer is D. The prioritization model is used as a decision framework to structure the portfolio components. When used as an input to the Develop Portfolio Charter process, the Portfolio Strategic Plan's prioritization model serves as the decision framework for structuring and selecting portfolio components.
Question
When developing the charter, you will use multiple inputs and documents of which the portfolio Strategic Plan is one. How is the strategic plan used in this case?
Options
- AIt is not an input to this process
- BThe Portfolio Structure and Portfolio Manager's Authorizations are copied from the Portfolio
- CIt is updated based on the output of the Develop portfolio charter process
- DThe prioritization model is used as a decision framework to structure the portfolio components
How the community answered
(46 responses)- A4% (2)
- B2% (1)
- C2% (1)
- D91% (42)
Why each option
When used as an input to the Develop Portfolio Charter process, the Portfolio Strategic Plan's prioritization model serves as the decision framework for structuring and selecting portfolio components.
The Portfolio Strategic Plan is indeed an input to the Develop Portfolio Charter process, making this statement factually incorrect.
While the Portfolio Strategic Plan informs the charter, directly copying the Portfolio Structure and Manager's Authorizations misrepresents how the plan functions as an input.
The Portfolio Strategic Plan is an input to the Develop Portfolio Charter process, not an output that gets updated as a result of it.
The Portfolio Strategic Plan contains the prioritization model, which provides the criteria and weighting used to evaluate and select portfolio components during the charter development process. This model acts as a structured decision framework ensuring that components are chosen and organized in alignment with organizational strategy. It guides how components are ranked and included within the portfolio structure.
Concept tested: Portfolio Strategic Plan as input to charter development
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
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