PFMP · Question #335
The Portfolio Performance Management Plan is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Performance…
The correct answer is B. Shows how and when the portfolio resources will be planned, balanced, and allocated to the. The Portfolio Performance Management Plan describes how and when portfolio resources will be planned, balanced, and allocated to portfolio components throughout the life cycle.
Question
The Portfolio Performance Management Plan is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Performance Management Plan purpose and focus?
Options
- AIdentifies recipients for information associated with the portfolio management process
- BShows how and when the portfolio resources will be planned, balanced, and allocated to the
- CDescribes the approach and intent of management in identifying, approving, procuring,
- DArticulates the options, preferences, and factors that will be considered in a specific portfolio
How the community answered
(44 responses)- A2% (1)
- B91% (40)
- C2% (1)
- D5% (2)
Why each option
The Portfolio Performance Management Plan describes how and when portfolio resources will be planned, balanced, and allocated to portfolio components throughout the life cycle.
Identifying information recipients and distribution channels is the purpose of the Portfolio Communications Management Plan, not the Performance Management Plan.
The Portfolio Performance Management Plan is specifically designed to provide the framework for resource planning, balancing, and allocation across portfolio components. It articulates the approach for managing resource utilization so that components receive the inputs needed to achieve strategic objectives at the right times.
Describing the approach for identifying, approving, and procuring components is the role of the Portfolio Management Plan or Portfolio Governance Plan.
Articulating options and factors for portfolio-level decisions relates to the Portfolio Strategic Plan or governance frameworks, not the Performance Management Plan.
Concept tested: Portfolio Performance Management Plan purpose and scope
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
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