PFMP · Question #285
One of the key stakeholders came to you asking you to add more metrics because she thinks that it would give the portfolio management a better view of the actual progress. For her the more metrics…
The correct answer is C. You should disagree and communicate a clear message to the stakeholder that it does not matter. In portfolio management, the quality and relevance of metrics matter far more than quantity. Having too many metrics creates noise, wastes resources in data collection and reporting, makes it harder to identify what truly matters, and can lead to 'analysis paralysis.' The…
Question
One of the key stakeholders came to you asking you to add more metrics because she thinks that it would give the portfolio management a better view of the actual progress. For her the more metrics you have the better. What should your opinion be regarding this?
Options
- AYou should agree as having more metrics is better and because you do not want to say no to a
- BYou should agree, as having more metrics is better
- CYou should disagree and communicate a clear message to the stakeholder that it does not matter
- DYou should disagree and escalate this to the governance board
How the community answered
(15 responses)- A7% (1)
- C80% (12)
- D13% (2)
Explanation
In portfolio management, the quality and relevance of metrics matter far more than quantity. Having too many metrics creates noise, wastes resources in data collection and reporting, makes it harder to identify what truly matters, and can lead to 'analysis paralysis.' The portfolio manager should respectfully but clearly communicate to the stakeholder that the focus should be on the right metrics aligned to strategic objectives – not on maximizing the number of metrics. Option A is incorrect because agreeing just to avoid conflict is not professional portfolio management. Option B is incorrect for the same reason. Option D (escalating to the governance board) is disproportionate for what is essentially an educational conversation with a stakeholder.
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