PFMP · Question #288
A new sponsor was appointed by the company in order to push more on the investments underway. The new sponsor wants detailed information on time and money and wants to get things done quickly. Which…
The correct answer is D. Performance Management Plan. The Performance Management Plan (within the Portfolio Management Plan) addresses how portfolio performance is monitored and controlled, including the management of key resources such as budget and time. It defines how resources are allocated, tracked, and sourced across the…
Question
A new sponsor was appointed by the company in order to push more on the investments underway. The new sponsor wants detailed information on time and money and wants to get things done quickly. Which element of the portfolio management plan will be referred to for managing the sourcing of key resources?
Options
- APortfolio Oversight
- BGovernance Model
- CCommunication Management Plan
- DPerformance Management Plan
How the community answered
(40 responses)- A3% (1)
- B5% (2)
- C8% (3)
- D85% (34)
Explanation
The Performance Management Plan (within the Portfolio Management Plan) addresses how portfolio performance is monitored and controlled, including the management of key resources such as budget and time. It defines how resources are allocated, tracked, and sourced across the portfolio, and how variances are measured and reported. Since the new sponsor is specifically focused on time and money performance and getting things done efficiently, the Performance Management Plan is the relevant reference. Portfolio Oversight (A) and Governance Model (B) relate to decision-making authority and structure. The Communication Management Plan (C) governs how information is distributed to stakeholders, not how resources are sourced.
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