The Portfolio Charter is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Charter purpose and focus?

The Portfolio Charter is the authorization document that establishes the portfolio's purpose, scope, and expected value delivery. It defines the projected benefits and provides a forecast of when those benefits will be realized, giving the organization a high-level view of the value the portfolio is expected to generate.

Describing the means to the 'to-be' vision is a characteristic of the Portfolio Roadmap, which maps the strategic path forward, not the Charter.

High-level prioritization mapping is performed through portfolio optimization tools and processes, not through the Portfolio Charter document.

While authorization inherently supports success, the Charter's defined purpose is to formally authorize the portfolio and define its value delivery expectations, not to serve as an influence mechanism.