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PFMP · Question #330

Your team members were having a discussion about the contents of the Portfolio Charter and they came to you for advice because they could not agree on a common answer. What would be your advice to…

The correct answer is B. High-level scope and high-level timelines, critical success criteria and justification. This question tests precise knowledge of what the Portfolio Charter contains, distinguishing its high-level strategic content from the detailed content found in other portfolio documents.

Strategic Alignment

Question

Your team members were having a discussion about the contents of the Portfolio Charter and they came to you for advice because they could not agree on a common answer. What would be your advice to them?

Options

  • APortfolio structure, scenario analysis, capability and capacity analysis
  • BHigh-level scope and high-level timelines, critical success criteria and justification
  • CScope and timelines, all success criteria and justification
  • DScenario analysis, capability and capacity analysis

How the community answered

(26 responses)
  • B
    96% (25)
  • C
    4% (1)

Why each option

This question tests precise knowledge of what the Portfolio Charter contains, distinguishing its high-level strategic content from the detailed content found in other portfolio documents.

APortfolio structure, scenario analysis, capability and capacity analysis

Scenario analysis and capability and capacity analysis are tools and techniques applied during portfolio management processes; they are not listed as contents within the Portfolio Charter document itself.

BHigh-level scope and high-level timelines, critical success criteria and justificationCorrect

The Portfolio Charter contains high-level scope and high-level timelines - not detailed schedules - along with critical success criteria and the business justification for the portfolio. As an authorization document, it intentionally operates at a strategic level, establishing just enough definition to authorize the portfolio without pre-empting the detailed planning that follows in subsequent processes.

CScope and timelines, all success criteria and justification

The Portfolio Charter includes only critical success criteria, not all success criteria; comprehensive and detailed success metrics are developed in planning documents created after the charter is approved.

DScenario analysis, capability and capacity analysis

Scenario analysis and capability and capacity analysis are analytical methods used during portfolio management decision-making and are not content elements that appear in the Portfolio Charter.

Concept tested: Portfolio Charter contents and high-level authorization document scope

Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management

Topics

#Portfolio Charter#Portfolio Definition#Portfolio Governance

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