PFMP · Question #358
You have been assigned as the manager for a major transformation portfolio in your company. You have a new direction in sight and you need to work with the team to attain the end goal and achieve…
The correct answer is A. Creating an up-to-date list of qualified portfolio component. The Define Portfolio process produces an up-to-date inventory of qualified portfolio components. This is the foundational step before any balancing, authorizing, or governance activities occur.
Question
You have been assigned as the manager for a major transformation portfolio in your company. You have a new direction in sight and you need to work with the team to attain the end goal and achieve the expected strategy. You are currently defining the portfolio and with the purpose of
Options
- ACreating an up-to-date list of qualified portfolio component
- BAllocating resources to develop component proposals or execute portfolio components
- CBalancing the portfolio for performance and value delivery
- DMaking Governance Decisions
How the community answered
(57 responses)- A89% (51)
- B4% (2)
- C5% (3)
- D2% (1)
Why each option
The Define Portfolio process produces an up-to-date inventory of qualified portfolio components. This is the foundational step before any balancing, authorizing, or governance activities occur.
The primary output of the Define Portfolio process is an updated, qualified list of portfolio components. This process evaluates and categorizes potential and existing components to ensure only those aligned with the organizational strategy are included, forming the basis for all subsequent portfolio management activities.
Allocating resources to develop proposals or execute components is the purpose of the Authorize Portfolio process, not Define Portfolio.
Balancing the portfolio for performance and value delivery is the purpose of the Optimize Portfolio process.
Making governance decisions is associated with the Provide Portfolio Oversight process, not Define Portfolio.
Concept tested: Define Portfolio process purpose and outputs
Source: https://www.pmi.org/pmbok-guide-standards/foundational/portfolio-management
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