nerdexam
PMI

PFMP · Question #354

You have been assigned as a consultant to give your expertise on a failing portfolio which is critical to the success of your client's organization. You are now in the process of reviewing the…

The correct answer is C. Balancing portfolio and managing dependencies. The Portfolio Management Plan describes how the portfolio will be managed, including balancing priorities and managing interdependencies among components. It is a how-to guide, not a strategic vision document.

Portfolio Performance

Question

You have been assigned as a consultant to give your expertise on a failing portfolio which is critical to the success of your client's organization. You are now in the process of reviewing the portfolio management plan. What do you expect to see as part of this plan?

Options

  • APortfolio Justification, high-level scope and high-level timelines
  • BVision for the portfolio, which is based on the alignment with the organization's goals and
  • CBalancing portfolio and managing dependencies
  • DThe major components of the portfolio which are aligned chronologically to achieve portfolio value

How the community answered

(31 responses)
  • A
    3% (1)
  • B
    16% (5)
  • C
    74% (23)
  • D
    6% (2)

Why each option

The Portfolio Management Plan describes how the portfolio will be managed, including balancing priorities and managing interdependencies among components. It is a how-to guide, not a strategic vision document.

APortfolio Justification, high-level scope and high-level timelines

Portfolio Justification and high-level scope/timelines are characteristics of a business case or portfolio charter, not the Portfolio Management Plan.

BVision for the portfolio, which is based on the alignment with the organization's goals and

The vision and strategic alignment content belongs in the Portfolio Strategic Plan, not the Portfolio Management Plan.

CBalancing portfolio and managing dependenciesCorrect

The Portfolio Management Plan contains the approach for balancing portfolio components and managing dependencies between them. This includes criteria for optimization, resource allocation principles, and how trade-offs between components will be handled - making it a management and execution guide rather than a strategic or justification document.

DThe major components of the portfolio which are aligned chronologically to achieve portfolio value

A chronological alignment of major components describes the Portfolio Roadmap, not the Portfolio Management Plan.

Concept tested: Portfolio Management Plan content and purpose

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

Topics

#Portfolio Management Plan#Portfolio Balancing#Dependency Management#Portfolio Optimization

Community Discussion

No community discussion yet for this question.

Sign up to join the discussion
Full PFMP Practice