PFMP · Question #327
A junior Portfolio manager has come to you for advice. She is asking about her main responsibilities as a portfolio manager in order to see if she is on the right track. What should be your advice…
The correct answer is B. Her responsibility is to continuously review, reallocate, re-prioritize and optimize the portfolio to. This question tests knowledge of the core primary responsibility of a portfolio manager as defined in the PMI Standard for Portfolio Management.
Question
A junior Portfolio manager has come to you for advice. She is asking about her main responsibilities as a portfolio manager in order to see if she is on the right track. What should be your advice to her?
Options
- AShe will be responsible of managing the strategic, operational and functional activities of all
- BHer responsibility is to continuously review, reallocate, re-prioritize and optimize the portfolio to
- CHer responsibility is to develop and maintain portfolio, program and project management
- DYou should tell her to go read the standard for portfolio management where she can find all the
How the community answered
(35 responses)- A6% (2)
- B91% (32)
- C3% (1)
Why each option
This question tests knowledge of the core primary responsibility of a portfolio manager as defined in the PMI Standard for Portfolio Management.
Managing all strategic, operational, and functional activities of all components describes an overly broad executive leadership function, not the specific portfolio management responsibility as defined in PMI standards.
A portfolio manager's primary responsibility is to continuously review, reallocate, reprioritize, and optimize the portfolio to ensure it remains aligned with organizational strategy and delivers maximum value. This dynamic, ongoing balancing act distinguishes the portfolio manager's role from project or program managers who focus on execution of specific components.
Developing and maintaining portfolio, program, and project management methodologies describes the function of a PMO or center of excellence, not the primary responsibility of a portfolio manager.
Directing a junior manager to read the standard does not constitute professional mentorship advice and fails to address the actual question about portfolio manager responsibilities.
Concept tested: Core portfolio manager responsibilities and role definition
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
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