PFMP · Question #369
A portfolio manager needs to continuously balance the need and requirements with the available resources and needs to maintain a balanced portfolio and portfolio resources in order to optimize…
The correct answer is D. Soft Booking. Soft Booking is a portfolio resource management technique where resources are tentatively reserved for anticipated future work without formal commitment. During the 'Manage Supply and Demand' process, soft booking allows the portfolio manager to proactively align resource…
Question
A portfolio manager needs to continuously balance the need and requirements with the available resources and needs to maintain a balanced portfolio and portfolio resources in order to optimize delivery. Capability and Capacity analysis is performed abundantly throughout the portfolio lifecycle and spans multiple processes. While performing the capability and capacity analysis during the manage supply and demand process, which of the following you use to maximize the use of resources
Options
- AContinuous monitoring of the progress
- BAllocating scarce resources
- CEquity Protection
- DSoft Booking
How the community answered
(26 responses)- B8% (2)
- C4% (1)
- D88% (23)
Explanation
Soft Booking is a portfolio resource management technique where resources are tentatively reserved for anticipated future work without formal commitment. During the 'Manage Supply and Demand' process, soft booking allows the portfolio manager to proactively align resource supply with component demand, maximizing utilization by planning ahead and minimizing gaps or conflicts. Unlike hard booking (firm allocation), soft booking provides flexibility to adjust as priorities shift. Allocating scarce resources (B) is a general activity, not a specific technique for maximizing use. Continuous monitoring (A) is a control activity. Equity Protection (C) is not a recognized portfolio management technique.
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